Egyptian economy
PM downplays economic problems to Egyptians in Qatar
Egypt
April 11, 2013
PM downplays economic problems to Egyptians in Qatar
Prime Minister Hesham Qandil offered reassurances on the economy Wednesday to a small group of Egyptians living in Qatar, expressing…
Analysis: Egypt in political clinch as economic cliff looms
Egypt
February 19, 2013
Analysis: Egypt in political clinch as economic cliff looms
Two years after a pro-democracy uprising, Egypt resembles a rickety bus rolling towards a cliff, its passengers too busy feuding…
World Bank: Egypt’s GDP, non-oil cash flows could grow significantly
Egypt
January 16, 2013
World Bank: Egypt’s GDP, non-oil cash flows could grow significantly
The World Bank has predicted that Egypt's GDP will grow at a rate of 3.8 percent in the fiscal year…
IMF reiterates commitment to supporting Egypt
Egypt
January 8, 2013
IMF reiterates commitment to supporting Egypt
The International Monetary Fund has reiterated its support for Egypt in face of increasing economic challenges. Masood Ahmed, Director of…
Economy’s fragile economic recovery shaken by unrest
Business
December 1, 2012
Economy’s fragile economic recovery shaken by unrest
The doors and windows of the businesses that line Tahrir Square were shuttered again one morning last week, after nearly…
Stock market suffers heavy losses in November
Business
November 29, 2012
Stock market suffers heavy losses in November
The Egyptian stock exchange suffered heavy losses during the month of November, with its Thursday session hit particularly hard by…
Egypt’s renaissance bank account raises doubts
Business
November 28, 2012
Egypt’s renaissance bank account raises doubts
During his visit to Assiut early this month, President Mohamed Morsy announced the opening of Egypt’s renaissance bank account, number…
Budget deficit increases to LE 69.6 billion from July-October
Egypt
November 24, 2012
Budget deficit increases to LE 69.6 billion from July-October
Egypt’s total budget deficit jumped to LE 69.6 billion, or about 3.9 percent of the country’s GDP, during the July-October…
Experts fear political unrest could deal further economic blow
Business
November 24, 2012
Experts fear political unrest could deal further economic blow
Economic experts and investors have warned that Egypt’s ongoing political instability could harm the still-fragile economy, stressing that economic indicators…
Kuwaiti institutions in talks to invest in Egypt
Business
October 10, 2012
Kuwaiti institutions in talks to invest in Egypt
The Finance Ministry is in talks with the Kuwaiti Ministry of Finance and a number of investors in the hope…