economy

Tantawi to inaugurate 3 factories in Fayoum on Sunday
Egypt

Tantawi to inaugurate 3 factories in Fayoum on Sunday

Field Marshal Hussein Tantawi, head of the Supreme Council of the Armed Forces (SCAF), will inaugurate on Sunday three factories…
Egypt falls 13 slots on Global Competitiveness Index
Business

Egypt falls 13 slots on Global Competitiveness Index

Egypt went down from number 81 last year to number 94 on the 2011 Global Competitiveness Index, which lists a…
Egyptian stock exchange suffers fifth worse loss on record
Business

Egyptian stock exchange suffers fifth worse loss on record

The Egyptian stock exchange on Wednesday lost more than LE10 billion, the fifth biggest one-day loss in the country's history.
Finance minister: Subsidies are Egypt’s greatest enemy
Business

Finance minister: Subsidies are Egypt’s greatest enemy

Subsidies are Egypt's greatest enemy in the transitional period, Finance Minister Hazem al-Beblawy has said, claiming that the government is…
Egypt asks US business for help, urges investment
Business

Egypt asks US business for help, urges investment

WASHINGTON - Badly in need of cash flow, Egypt appealed on Friday to the US business community to help the…
Political forces launch initiative to salvage the revolution
Egypt

Political forces launch initiative to salvage the revolution

  Fifty political parties, civil society organizations, youth coalitions, syndicates and student unions on Thursday launched an initiative to salvage…
IMF: Political, security uncertainty hinders Mideast growth
Business

IMF: Political, security uncertainty hinders Mideast growth

Oil-exporting states in the Middle East will lead economic growth in the region, where pro-democracy uprisings have been pushing for…
Govt report: Rice, meat, fish prices rose in August
Egypt

Govt report: Rice, meat, fish prices rose in August

Local rice, meat and fish prices were higher in August than July, an Egyptian government report said on Tuesday. The…
UAE lends Egypt US$1.5 billion
Business

UAE lends Egypt US$1.5 billion

The United Arab Emirates (UAE) ambassador in Cairo, Mohamed al-Zahiry, said on Sunday that his country is lending Egypt US$1.5…
Egypt considers renegotiating loan with IMF
Business

Egypt considers renegotiating loan with IMF

Senior official sources have revealed that the Egyptian government is considering renegotiating with the International Monetary Fund (IMF) for a…
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