investment

A year in review: After a tough year, Egypt’s economic future still uncertain
Business

A year in review: After a tough year, Egypt’s economic future still uncertain

In 2011, the Egyptian economy took a pummeling from the revolution. In 2012, it looks like it will be coming…
Fitch downgrades Egypt credit rating over security, political conditions
Business

Fitch downgrades Egypt credit rating over security, political conditions

Fitch Ratings dropped Egypt’s credit rating by one notch to BB, which reflects the substantial and continuous erosion of Egypt's…
Activists challenge European Investment Bank’s ties to EFG Hermes
Business

Activists challenge European Investment Bank’s ties to EFG Hermes

The Egyptian investment bank EFG Hermes had Gamal Mubarak, once considered the next heir to Egypt’s presidency and now on…
Egypt: Uncertainty is bad for business
Business

Egypt: Uncertainty is bad for business

In the tense aftermath of the January 25 revolution and amid the ongoing violence of the Arab Spring, the economic…
Unit of Egypt’s OCI wins a US$578 million mall contract
Business

Unit of Egypt’s OCI wins a US$578 million mall contract

A unit of Egypt's Orascom Construction won the main US$578 million construction contract to build a mall in the capital…
Government mulls establishment of steel factory with Gulf partners
Business

Government mulls establishment of steel factory with Gulf partners

Egypt's Holding Company for Metallurgical Industries is in negotiations with group of Gulf investors to establish a steel factory, with…
Qatar supports Egypt’s general budget with US$500 million, increases investments
Egypt

Qatar supports Egypt’s general budget with US$500 million, increases investments

The Qatari government has allocated US$500 million to support Egypt's general budget and decided to increase its investments in Egypt…
Egypt asks US business for help, urges investment
Business

Egypt asks US business for help, urges investment

WASHINGTON - Badly in need of cash flow, Egypt appealed on Friday to the US business community to help the…
Post-revolt Egypt unlikely to yield big investment openings
Business

Post-revolt Egypt unlikely to yield big investment openings

The political unrest in North Africa and the Middle East is unlikely to produce significant investment opportunities for multinational corporations…
Egyptians turn to gold ingots to protect savings
Egypt

Egyptians turn to gold ingots to protect savings

There has been a high turnout of Egyptians buying gold since the breakout of the 25 January revolution, according to…
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