Business
External debt swells
August 26, 2013
External debt swells
Egypt’s external debt grew by US $4 billion in March 2013 reaching $38.4 billion compared to $34.4 billion in June…
Arab Fund offers to finance Egypt-Saudi power link-up
August 26, 2013
Arab Fund offers to finance Egypt-Saudi power link-up
Minister of Electricity Ahmed Imam said the Arab Fund for Economic and Social Development has offered to finance Egypt's share…
Sources: curfew delays fuel supply to stations
August 23, 2013
Sources: curfew delays fuel supply to stations
Despite the availability of oil and diesel surplus, long curfew hours have been delaying the delivery of supplies to oil…
Why Egypt’s pound is not strengthening
August 23, 2013
Why Egypt’s pound is not strengthening
Take a look at this chart, which the Central Bank has been proudly parading this month:(Bloomberg)It shows how the pound’s…
Kuwait sends 1.25 million barrels of oil to Egypt
August 21, 2013
Kuwait sends 1.25 million barrels of oil to Egypt
According to a Kuwaiti petroleum official, Kuwait has sent Egypt 1.25 million barrels of crude oil and 20,000 tons of…
Egypt to use Gulf billions to spur economy
August 21, 2013
Egypt to use Gulf billions to spur economy
Egypt plans to avoid raising taxes or cutting spending but instead use billions of dollars in aid pledged by Gulf…
Cabinet discuss initiative to end state of emergency
August 20, 2013
Cabinet discuss initiative to end state of emergency
Deputy Prime Minister Ziad Bahaa Eddin has said Egypt's Cabinet discussed on Tuesday an initiative to end the state of…
Muslim Brotherhood leader’s arrest boosts Egypt
August 20, 2013
Muslim Brotherhood leader’s arrest boosts Egypt
Egypt's bourse snapped a three-session losing streak on Tuesday after authorities arrested Muslim Brotherhood leader Mohamed Badie, raising hopes among…
Tourists leaving Red Sea by thousands, occupancy drops to 50%
August 20, 2013
Tourists leaving Red Sea by thousands, occupancy drops to 50%
Approximately 18,000 tourists left Hurghada International Airport on board 130 flights to Europe and Russia over the past two days,…
Minimum, maximum wage law to be submitted Wednesday
August 19, 2013
Minimum, maximum wage law to be submitted Wednesday
Minister of Manpower and Immigration Kamal Abu Eita has said that he is submitting a draft law on minimum and…