Business

Egyptian bank adopts responsible lending

Egyptian bank adopts responsible lending

The Arab African International Bank (AAIB) is the first Egyptian financial institution to adopt the Equator Principles, a set of…
Egypt eyes European bond market

Egypt eyes European bond market

CAIRO-Egypt plans to tap the Eurobond market for $1 billion-1.5 billion in seven to eight weeks, its first such issue…
Correction: Real estate photo

Correction: Real estate photo

This photo was incorrectly used with two stories on this site, here and here. It is in fact a photo…
MPs push for Egypt’s farmers

MPs push for Egypt’s farmers

Parliament's agriculture and irrigation committee accused the government of "fighting" and "belittling" farmers. At a meeting on Sunday, the committee…
10,000 construction jobs at risk

10,000 construction jobs at risk

The jobs of 10,000 workers at the Egyptian Contracting Company (formerly known as Mokhtar Ibrahim) are under threat due to…
Egypt should stand ready to raise rates, IMF says

Egypt should stand ready to raise rates, IMF says

Egypt should be prepared to raise interest rates if inflation does not abate and should work to cut its budget…
AUC sells part of old campus

AUC sells part of old campus

The American University in Cairo (AUC) sold the first of three buildings on its old downtown campus, after it moved…
9 million real estate tax declarations received

9 million real estate tax declarations received

The Egyptian Tax Authority has thus far received some nine million declarations under the new real estate tax system and…
Official report: Unemployment hits 9.4%

Official report: Unemployment hits 9.4%

Egypt's unemployment rate reached 9.4 percent in the last quarter of 2009 compared to 8.8 percent in the last quarter…
Shura members blast social fund excesses

Shura members blast social fund excesses

Members of the Shura Council (the consultative chamber of parliament) blasted the statesocs-run Social Development Fund (SDF) for granting loans…
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