economy

Egypt hopes for IMF deal by late April, minister says
Business

Egypt hopes for IMF deal by late April, minister says

Egypt hopes to conclude a deal with the International Monetary Fund for a $4.8 billion loan by the end of…
Egypt’s state of siege
Opinion

Egypt’s state of siege

 Egypt’s foreign reserves have fallen to a startlingly low US$13.6 billion — the lowest level for reserves since 1997, and…
Unemployment rate rises to 13 percent
Business

Unemployment rate rises to 13 percent

The unemployment rate in Egypt during the last quarter of 2012 rose to 13 percent from 12.5 percent during the…
Stock market loses LE4.6 billion on Tuesday
Egypt

Stock market loses LE4.6 billion on Tuesday

The Egyptian Exchange dropped sharply on Tuesday as a result of Egypt's continuing civil unrest. EGX30 dropped by 2.05 precent,…
Why the pound devaluation now?
Opinion

Why the pound devaluation now?

The long-expected devaluation of the Egyptian pound is finally taking place. The pound has undergone its greatest devaluation against the…
Prime minister: Egyptian expat remittances increase by 40 percent
Business

Prime minister: Egyptian expat remittances increase by 40 percent

Remittances from Egyptians living abroad have increased by 40 percent, Prime Minister Hesham Qandil said in a press conference Sunday.
Thursday’s papers: Legislating on the brink and ‘lies of the Brotherhood’
Egypt

Thursday’s papers: Legislating on the brink and ‘lies of the Brotherhood’

Shura Council efforts to address the country's economic and political troubles with its newly assumed legislative powers are the focus…
Wednesday’s papers: Mubarak watched protester killings, alleges fact-finding committee
Egypt

Wednesday’s papers: Mubarak watched protester killings, alleges fact-finding committee

"Mubarak saw the killing of the protesters during the revolution," privately owned daily Al-Shorouk leads Wednesday's coverage.
State budget suffers incurable disease, says finance minister
Business

State budget suffers incurable disease, says finance minister

  The state budget suffers from an incurable disease, with resources only covering 60 percent of public expenditures, state-owned Nile…
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