economy
Fitch downgrades Egypt credit rating over security, political conditions
Business
December 31, 2011
Fitch downgrades Egypt credit rating over security, political conditions
Fitch Ratings dropped Egypt’s credit rating by one notch to BB, which reflects the substantial and continuous erosion of Egypt's…
Activists challenge European Investment Bank’s ties to EFG Hermes
Business
December 29, 2011
Activists challenge European Investment Bank’s ties to EFG Hermes
The Egyptian investment bank EFG Hermes had Gamal Mubarak, once considered the next heir to Egypt’s presidency and now on…
The army and the economy in Egypt
Opinion
December 24, 2011
The army and the economy in Egypt
Should the production of pasta, mineral water, butane gas cylinders and gas station services qualify as classified military secrets? And…
Muslim Brotherhood works to implement ‘renaissance project’
Egypt
December 24, 2011
Muslim Brotherhood works to implement ‘renaissance project’
The Muslim Brotherhood is working to attract foreign investment in Egypt and revitalize Egyptian companies operating overseas as part of…
Experts question government efforts to promote investment
Business
December 21, 2011
Experts question government efforts to promote investment
Investors and experts have criticized a recent announcement by Prime Minister Kamal al-Ganzouri that the government is seeking to attract…
Govt official blames canceled tourist reservations on Qasr al-Aini clashes
Business
December 18, 2011
Govt official blames canceled tourist reservations on Qasr al-Aini clashes
Hesham Zaazou, deputy tourism minister, on Sunday warned that tourism in Egypt could be negatively affected by recent violent incidents,…
Shops lower prices for ‘Buy Egypt’ day, but benefits are doubted
Business
December 18, 2011
Shops lower prices for ‘Buy Egypt’ day, but benefits are doubted
In an attempt to spur the local economy from within, 16 December was dubbed “Buy Egyptian Day” by various business…
Egypt: Uncertainty is bad for business
Business
December 15, 2011
Egypt: Uncertainty is bad for business
In the tense aftermath of the January 25 revolution and amid the ongoing violence of the Arab Spring, the economic…
Investment in Egypt risky, says EU Commission official
Business
December 13, 2011
Investment in Egypt risky, says EU Commission official
European experts have warned of investment risks in Egypt, as the economy has been hit by numerous labor and political…