Business
Islamic Development Bank promises major investments in Egypt
April 18, 2013
Islamic Development Bank promises major investments in Egypt
The Islamic Development Bank plans to pump US$3 billion into the Egyptian market over the next five years, said on…
IMF chief says back to the drawing board on Egypt talks
April 18, 2013
IMF chief says back to the drawing board on Egypt talks
The International Monetary Fund said on Thursday it has not reached a deal with Egypt regarding a loan program, adding…
Egypt may be forced to “muddle through” without IMF
April 16, 2013
Egypt may be forced to “muddle through” without IMF
The country may struggle on for the rest of the year without an IMF loan, enduring a summer of fuel…
Stock market climbs 0.38 percent on Tuesday
April 16, 2013
Stock market climbs 0.38 percent on Tuesday
The Egyptian Stock Exchange’s main index climbed just 0.38 during trading on Tuesday, gaining 20 points to hit 5,295 points…
Egypt-Saudi Arabia trade up by 20%, says ambassador
April 15, 2013
Egypt-Saudi Arabia trade up by 20%, says ambassador
Bilateral trade between Egypt and Saudi Arabia grew by 20 percent last year in transactions worth US$30 billion, said Egyptian…
Budget deficit to near LE2 bln in 2013/14 fiscal year
April 15, 2013
Budget deficit to near LE2 bln in 2013/14 fiscal year
The budget deficit for the fiscal year 2013/14 is estimated to swell up to LE197.493, as compared to a deficit…
Visa finds positive correlation between e-payments and economic growth
April 15, 2013
Visa finds positive correlation between e-payments and economic growth
Electronic payments in Egypt are on an uptrend, and according to a recent study, this contributes directly to overall economic…