Business
Govt to hold more talks with IMF on loan next week
April 11, 2013
Govt to hold more talks with IMF on loan next week
The Cabinet has made progress in talks with the International Monetary Fund (IMF) on a US$4.8 billion loan and will…
Rushed customs tariffs hike may be ‘too little, too late’
April 11, 2013
Rushed customs tariffs hike may be ‘too little, too late’
President Mohamed Morsy issued a decree in late March that increased custom duties on 100 luxury products, an unsurprising move…
Egypt hits 2-wk high after funding pledge
April 11, 2013
Egypt hits 2-wk high after funding pledge
The stock exchange hit a two-week high on Thursday after Qatar and Libya pledged US$5 billion in funding to a…
Egypt gets US$2 bn loan from Libya
April 10, 2013
Egypt gets US$2 bn loan from Libya
Egypt and Libya finalized a US$2 billion loan agreement Wednesday evening to shore up the Egyptian economy and foreign reserves,…
Barclays Egypt starts adopting expansion plans
April 10, 2013
Barclays Egypt starts adopting expansion plans
Barclays Egypt has begun adopting its expansion plans to add more branches in Egypt this year, after it re-opened…
Egypt inflation jumps in March with rise in fuel and food prices
April 10, 2013
Egypt inflation jumps in March with rise in fuel and food prices
Egypt's monthly inflation rate was once again on the rise in March, increasing by 0.8 percent to 8.2 percent, the…
Qatar pledges additional aid, gas deal for Egypt
April 10, 2013
Qatar pledges additional aid, gas deal for Egypt
Qatar will provide Egypt with natural gas to fill the gap in its energy sector, particularly as summer approaches, Qatari…
Egypt may ask for larger IMF loan, minister says
April 10, 2013
Egypt may ask for larger IMF loan, minister says
Egypt might ask the International Monetary Fund to increase a previously requested $4.8 billion (LE3.1 billion) loan to cover its…
Egypt mulls wheat imports from Kazakhstan
April 9, 2013
Egypt mulls wheat imports from Kazakhstan
Egypt is considering resuming wheat imports from Kazakhstan after a two-year hiatus, an adviser to the minister of supply said…
Scrapped capital gains tax another sign of slapdash economic policies
April 8, 2013
Scrapped capital gains tax another sign of slapdash economic policies
An abrupt implementation of a 10 percent capital gains tax on shareholders and investment funds that profited from the takeover…