Business
Finance Minister: Egypt near deal with World Bank
May 16, 2011
Finance Minister: Egypt near deal with World Bank
Egypt's finance minister says his country is nearing a deal to borrow $2.2 billion from the World Bank. Samir Radwan…
Egypt investors look beyond short-term turbulence
May 15, 2011
Egypt investors look beyond short-term turbulence
When mass protests drove Egypt's Hosni Mubarak out of office in February and political turmoil sent the economy into a…
Tourism federation: Sectarian strife threatens to close tourist companies
May 13, 2011
Tourism federation: Sectarian strife threatens to close tourist companies
Continued instability and sectarian conflict, which discourages tourism, could lead to the closure of tourist companies within 2 months, warned…
Finance minister: Egypt set to be a leading economy
May 13, 2011
Finance minister: Egypt set to be a leading economy
Finance Minister Samir Radwan said on Thursday that the International Monetary Fund has confirmed that the Egyptian economy will be…
Israeli delegation in Egypt to negotiate fixed gas rates
May 13, 2011
Israeli delegation in Egypt to negotiate fixed gas rates
A high-level Israeli delegation began discussions on Thursday with senior Egyptian officials on fixing the price for Egyptian natural gas…
Egypt seeks US$12 billion from lenders
May 13, 2011
Egypt seeks US$12 billion from lenders
Washington--Egypt has requested help from the International Monetary Fund to help bridge a gap in government funding that will total…
Dana Gas faces delayed payments from Egypt
May 12, 2011
Dana Gas faces delayed payments from Egypt
Dubai--Dana Gas, the UAE energy firm, faces delayed payments of US$148 million for gas from the Egyptian government which could…
Tourism down 60 percent in March, says government report
May 12, 2011
Tourism down 60 percent in March, says government report
The number of tourists visiting Egypt last March fell by 60 percent, according to a government report released Thursday. Only…
Egypt debt weighs heavily on already-burdened budget
May 12, 2011
Egypt debt weighs heavily on already-burdened budget
When President Hosni Mubarak resigned on 11 February, he left behind a troubled economy. One of his more potent economic…
Egypt’s Suez Canal April revenues up at US$434.6 mln
May 10, 2011
Egypt’s Suez Canal April revenues up at US$434.6 mln
Revenue from Egypt's Suez Canal rose 15.9 percent year-on-year to US$434.6 million in April, and rose 5.1 percent from a…