Egyptian economy
Egypt scraps T-bill sale, seen as bid to keep rates low
Business
October 4, 2012
Egypt scraps T-bill sale, seen as bid to keep rates low
Egypt's Finance Ministry said it had cancelled an auction of LE3.5 billion (US$573.8 million) of treasury bills planned for Wednesday,…
New investment projects to create jobs, reduce unemployment, says minister
Business
October 4, 2012
New investment projects to create jobs, reduce unemployment, says minister
The government has devised a strategic plan aimed at creating new jobs and reducing the unemployment rate, which Minister of…
IMF did not ask for devaluation of the Egyptian pound, says official
Egypt
September 29, 2012
IMF did not ask for devaluation of the Egyptian pound, says official
Central Bank of Egypt governor Farouk al-Oqda said that the Egyptian economy is getting better and that, contrary to…
Egypt seeks to amend trade agreement with US, Israel
Business
September 24, 2012
Egypt seeks to amend trade agreement with US, Israel
Egypt has entered negotiations with the United States and Israel to amend the Qualified Industrial Zones (QIZ) trade agreement, said…
Presidency: Domestic, foreign debt expenses LE130 bn
Business
September 23, 2012
Presidency: Domestic, foreign debt expenses LE130 bn
Egypt’s foreign and internal debt services have accumulated over the past decades and now exceed LE130 billion, presidential spokesperson Yasser…
The alternative guide to solving Egypt’s economic crisis
Business
September 21, 2012
The alternative guide to solving Egypt’s economic crisis
Egypt is currently taking a series of massive measures which officials say will help fix the country’s ailing economy. In…
Turkish FM: Turkey to invest US$2 bn in Egypt, supports Morsy on Syria
Egypt
September 17, 2012
Turkish FM: Turkey to invest US$2 bn in Egypt, supports Morsy on Syria
The Turkish Central Bank plans to deposit US$2 billion in the Central Bank of Egypt, a sum earmarked for funding…
Qandil holds meeting to lure investors to Egypt
Business
September 17, 2012
Qandil holds meeting to lure investors to Egypt
Prime Minister Hesham Qandil met with 20 potential investors on Monday to discuss opportunities in the Egyptian market. Coming from…
Morsy arrives in Rome to discuss stability, economy
Egypt
September 13, 2012
Morsy arrives in Rome to discuss stability, economy
President Mohamed Morsy arrived at the Chambino military airport Thursday evening for a two-day visit in Italy, following a…