Business

Qandil holds meeting to lure investors to Egypt

Qandil holds meeting to lure investors to Egypt

Prime Minister Hesham Qandil met with 20 potential investors on Monday to discuss opportunities in the Egyptian market. Coming from…
Egypt Suez Canal official sees stable revenue in 2012

Egypt Suez Canal official sees stable revenue in 2012

Revenue from Egypt's Suez Canal will not fall this year from the US$5.2 billion it achieved in 2011, the head…
Turkey to provide Egypt with US$2 billion in financing

Turkey to provide Egypt with US$2 billion in financing

Turkey has agreed during a visit by Egyptian officials to Istanbul to provide Egypt with a US$2 billion financing package,…
Moody’s keeps Egypt’s credit rating at B2

Moody’s keeps Egypt’s credit rating at B2

  Moody’s decided on Thursday to maintain Egypt’s credit rating at B2 based on negative mid-range forecasts for the nation’s…
EU pledges 500 million euros in macroeconomic aid

EU pledges 500 million euros in macroeconomic aid

BRUSSELS — The European Union offered Egypt macroeconomic assistance of 500 million euros, as well as between 150 and 200…
Public debt swelled, IMF loan pivotal, says finance minister

Public debt swelled, IMF loan pivotal, says finance minister

Finance Minister Momtaz al-Saeed told the Shura Council on Wednesday that Egypt is in desperate need of the International Monetary…
Saudi businessmen intend to invest in Egypt, says minister

Saudi businessmen intend to invest in Egypt, says minister

Trade and Industry Minister Hatem Saleh said at a meeting with the Egyptian-Saudi Business Council Wednesday that there are Saudi…
Egypt public debt reaches record LE1.386 trillion

Egypt public debt reaches record LE1.386 trillion

Domestic public debt in Egypt has reached an unprecedented LE1.386 trillion according to Finance Ministry indices based on a report…
British Gas to inject US$5 billion in investments

British Gas to inject US$5 billion in investments

Petroleum Minister Osama Kamal on Tuesday said British Gas is injecting US$3 billion to US$5 billion into development projects in…
Saudi Arabia to grant Egypt US$1.5 billion in loans

Saudi Arabia to grant Egypt US$1.5 billion in loans

Minister of Planning and International Cooperation Ashraf al-Araby said Tuesday that talks have started with the Saudi delegation currently visiting…
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