Business
Egypt economy chiefs vow to ease shortages, cautious on reform
July 18, 2013
Egypt economy chiefs vow to ease shortages, cautious on reform
Economic ministers in Egypt's new military-backed government are pledging to ease shortages and make it easier for factories to operate,…
UAE transfers US$ 3 billion to Egypt
July 18, 2013
UAE transfers US$ 3 billion to Egypt
Central Bank of Egypt (CBE) Governor Hesham Ramez said the United Arab Emirates on Thursday transferred US$3 billion to the…
Airlines cancel, combine flights to Cairo as occupancy drops 30%
July 17, 2013
Airlines cancel, combine flights to Cairo as occupancy drops 30%
Passenger traffic dropped by 30 percent of capacity at Cairo airport, prompting airlines to cancel or combine flights, while the…
Fees for fourth mobile provider to be announced within weeks
July 17, 2013
Fees for fourth mobile provider to be announced within weeks
Minister of Communications and Information Technology Atef Helmy has said that the government will announce fees for a fourth mobile…
Stock market rises despite Monday riots
July 16, 2013
Stock market rises despite Monday riots
Violence clashes Monday night have had almost no effect on Egypt's stock markets, as indexes went up on Tuesday trading,…
Egypt billionaire Sawiris family to invest “like never before”
July 15, 2013
Egypt billionaire Sawiris family to invest “like never before”
Egyptian tycoon Naguib Sawiris, whose family controls the sprawling Orascom corporate empire, says he and his brothers will be "investing…
Kuwait sends $200 million worth of oil to Egypt: newspaper
July 14, 2013
Kuwait sends $200 million worth of oil to Egypt: newspaper
Kuwait has sent two oil tankers carrying crude and diesel worth $200 million to Egypt, a Kuwaiti newspaper said on…
Egypt upheaval mars hopes of end to economic woes
July 13, 2013
Egypt upheaval mars hopes of end to economic woes
Egypt's shattered economy was boosted this week by Gulf allies pledging billions of dollars in aid, but analysts say this…
Egypt may convert Gulf funds into bonds
July 12, 2013
Egypt may convert Gulf funds into bonds
LONDON - Egypt could convert part of the USD12bn of loans and grants pledged by Gulf nations this week into…
Egypt’s GASC says unlikely to buy wheat soon
July 12, 2013
Egypt’s GASC says unlikely to buy wheat soon
Egypt, the world's largest importer of wheat, is unlikely to buy soon due to the increase in prices and availability…