Business
Qandil holds meeting to lure investors to Egypt
September 17, 2012
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
September 16, 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
September 15, 2012
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
September 13, 2012
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
September 13, 2012
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
September 12, 2012
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
September 12, 2012
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
September 11, 2012
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
September 11, 2012
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
September 11, 2012
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…