Egypt economy

Morsy: ‘God is ever providing,’ will save the economy
Egypt

Morsy: ‘God is ever providing,’ will save the economy

"If the situation necessitates another revolution, I will call for it," President Mohamed Morsy declared in a meeting Friday with…
Stock exchange sees modest gains Thursday despite upcoming protests
Business

Stock exchange sees modest gains Thursday despite upcoming protests

The Stock Exchange pulled itself out if a steep week-long side on Thursday, with indicators collectively rising by the end…
Egypt calls in favors as credit crunch hits key imports
Business

Egypt calls in favors as credit crunch hits key imports

Egypt has hit breaking point in its ability to pay for imports of oil, wheat and other basic commodities, forcing…
Al-Azhar asserts role, clashes with Brotherhood
Egypt

Al-Azhar asserts role, clashes with Brotherhood

Al-Azhar said on Thursday its clerics must be consulted on a law allowing the state to issue sukuk (Islamic bonds),…
IMF mission to visit Egypt in early April for loan talks
Business

IMF mission to visit Egypt in early April for loan talks

The International Monetary Fund said on Thursday it would visit Egypt in the "first days of April" for talks with…
Suez Canal revenue drops 7.4 pct in Feb vs Jan
Business

Suez Canal revenue drops 7.4 pct in Feb vs Jan

Revenue from the Suez Canal fell to US$375.3 million in February, down 7.4 percent on the previous month and down…
Budget deficit climbs to LE146.5 bln
Business

Budget deficit climbs to LE146.5 bln

  The national budget deficit jumped to LE146.5 billion from July 2012 to February 2013, a rise that is equivalent…
Despite protest anxiety, NSGB sale boosts stock exchange
Business

Despite protest anxiety, NSGB sale boosts stock exchange

  The Stock Exchange made modest gains by the end of trading on Thursday, despite poor performance indicators ahead of…
New customs tariffs could bring in LE1 bln per year, says official
Egypt

New customs tariffs could bring in LE1 bln per year, says official

The government hopes to earn LE1 billion in revenues by increasing the custom tariffs on certain commodities, Customs Authority head…
Shura Council approves Saudi loan, despite Salafi anger
Egypt

Shura Council approves Saudi loan, despite Salafi anger

Heated debate erupted again among the Shura Council's Islamist lawmakers on Monday over a loan from Saudi Arabia. Salafi legislators…
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