Egyptian economy

PM downplays economic problems to Egyptians in Qatar
Egypt

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

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

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

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

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

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

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

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

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

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…
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