Egypt economy
State losing billions on energy subsidies, says minister
Business
October 29, 2012
State losing billions on energy subsidies, says minister
The delay in implementing energy subsidy cuts is costing the state LE10 billion every three months, claimed Petroleum Minister Osama…
Shot in the dark: Govt’s controversial new electricity scheme likely to hit poor hardest
Egypt
October 28, 2012
Shot in the dark: Govt’s controversial new electricity scheme likely to hit poor hardest
In an NDJ World ranking of the 10 cities that never sleep, Cairo, unsurprisingly ranked first. But this may change…
DP World sues striking workers
Egypt
October 15, 2012
DP World sues striking workers
Dubai Ports World, the company operating the Ain Sokhna port, filed charges against striking workers on Monday, accusing them of…
Loan negotiations could conclude by November, says IMF
Egypt
October 11, 2012
Loan negotiations could conclude by November, says IMF
The International Monetary Fund is optimistic that negotiations for a US$4.8 billion loan to Egypt could conclude by mid-November, said…
Egypt still considering free trade zones on Gaza border, says official
Egypt
September 28, 2012
Egypt still considering free trade zones on Gaza border, says official
The Cabinet is still considering the creation of three free trade zones in Sinai along the Gaza border, said…
Positive signs for the economy, says PM
Business
September 26, 2012
Positive signs for the economy, says PM
Prime Minister Hesham Qandil said there are positive signs for the economy on Wednesday, pointing to Standard & Poor's rating…
Moody’s keeps Egypt’s credit rating at B2
Business
September 13, 2012
Moody’s keeps Egypt’s credit rating at B2
Moody’s decided on Thursday to maintain Egypt’s credit rating at B2 based on negative mid-range forecasts for the nation’s…
With higher food prices, inflation rate rises in August
Egypt
September 10, 2012
With higher food prices, inflation rate rises in August
Inflation reached high rates during the month of August, rising by 1.2 percent compared with the previous month, while annual…
Qatar says to invest US$18 billion in Egypt economy
Business
September 7, 2012
Qatar says to invest US$18 billion in Egypt economy
Qatar said on Thursday it would invest US$18 billion dollars in tourism and industry projects along Egypt's Mediterranean coast over…
Left criticizes IMF loan, but to little effect
Egypt
September 6, 2012
Left criticizes IMF loan, but to little effect
Leftist leaders have spoken out against a US$4.8 billion loan from the International Monetary Fund in past weeks. But with…