Egypt economy
Egyptian stocks fall 2% Sunday
Business
March 18, 2012
Egyptian stocks fall 2% Sunday
The main index in the Egyptian Stock Exchange lost 2 percent on Sunday after the death of Pope Shenouda III…
IMF to schedule mission to Egypt later in March
Egypt
March 8, 2012
IMF to schedule mission to Egypt later in March
The International Monetary Fund has received a document outlining Egypt's proposed economic program to be supported by IMF financing and…
Economic gloom begins to lift in Egypt
Business
February 29, 2012
Economic gloom begins to lift in Egypt
When Egypt's stock market index climbed this week to its highest level since last July, it was more than a…
Political upheaval takes toll on Mobinil
Business
February 20, 2012
Political upheaval takes toll on Mobinil
Egyptian mobile phone operator Mobinil posted a quarterly net loss of LE177 million, blaming political turmoil in the wake of…
World Bank says Egypt requested US$1bn loan
Business
February 2, 2012
World Bank says Egypt requested US$1bn loan
The World Bank said on Thursday that Egypt has asked for a US$1 billion loan and it will launch talks…
Direct foreign investments rise in first quarter of FY2011/12
Business
February 1, 2012
Direct foreign investments rise in first quarter of FY2011/12
Direct foreign investments (FDI) in Egypt in the first quarter of fiscal year 2011/2012 have more than tripled, increasing by…
Ganzouri: Martyrs’ families and the injured are top priority
Egypt
January 31, 2012
Ganzouri: Martyrs’ families and the injured are top priority
Caring for martyrs’ families and the injured is the government’s main priority, said Prime Minister Kamal al-Ganzouri. Ganzouri noted employment…
Government devises new economic reform program
Business
January 29, 2012
Government devises new economic reform program
The government has put the final touches on a new economic reform program to resolve the current economic crisis. Government…
Egypt’s stock market rallies after peaceful demonstrations
Business
January 29, 2012
Egypt’s stock market rallies after peaceful demonstrations
Egypt's stock exchange continued its rally on Sunday after a 7 percent surge in the previous session on relief that…
Egypt to seek US$1 bln in loans from World Bank, African Development Bank
Business
January 26, 2012
Egypt to seek US$1 bln in loans from World Bank, African Development Bank
Egypt plans to officially apply for US$1 billion in loans from the World Bank and the African Development Bank, the…