Business
Suspending mobile provider license threatens Telecom Egypt, says official
November 1, 2012
Suspending mobile provider license threatens Telecom Egypt, says official
A government official, speaking on condition of anonymity, has criticized the National Telecommunications Regulatory Authority (NTRA) for refusing to offer…
IMF and govt agree on economic program, official says
November 1, 2012
IMF and govt agree on economic program, official says
A senior government official said Thursday there has been a convergence of views between the IMF and the Egyptian government…
Pound weakens to near 8-year low as IMF talks resume
October 31, 2012
Pound weakens to near 8-year low as IMF talks resume
The pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations for a US$4.8…
Egypt negotiates 1.25-billion-euro loan
October 31, 2012
Egypt negotiates 1.25-billion-euro loan
The European Bank for Reconstruction and Development is granting Egypt a loan worth 1.25 billion euros next year, said an…
In going after corruption, Morsy breeds market anxiety
October 31, 2012
In going after corruption, Morsy breeds market anxiety
It began with a remark in a speech by President Mohamed Morsy at a celebration commemorating the October War. In…
FJP leader: No disagreements with govt on IMF loan
October 31, 2012
FJP leader: No disagreements with govt on IMF loan
There are no disagreements over the proposed IMF loan between the Freedom and Justice Party and the government, the head…
750,000 sheep and cattle worth LE2.75 billion slaughtered for Eid
October 30, 2012
750,000 sheep and cattle worth LE2.75 billion slaughtered for Eid
Veterinarians Syndicate President Sami Taha has said that 500,000 sheep and 250,000 cattle were slaughtered for Eid al-Adha. Official sources…
Egypt cuts size of T-bill auction ahead of IMF visit
October 30, 2012
Egypt cuts size of T-bill auction ahead of IMF visit
Egypt reduced the size of a treasury bill auction on Monday in a what may be a sign that a…
Egypt secures vital oil supplies for rest of year
October 29, 2012
Egypt secures vital oil supplies for rest of year
LONDON — Egypt has secured oil supplies for the rest of the year, despite fears about its ability to make…