Business

Egypt seeks to amend trade agreement with US, Israel

Egypt seeks to amend trade agreement with US, Israel

Egypt has entered negotiations with the United States and Israel to amend the Qualified Industrial Zones (QIZ) trade agreement, said…
USAID loan promises small businesses help, but without a guarantee

USAID loan promises small businesses help, but without a guarantee

In a visit to Egypt in late August, US Under Secretary of State Robert Hormats announced a US$34 million loan…
Govt says has no intention to abolish subsidies

Govt says has no intention to abolish subsidies

Petroleum Minister Osama Kamal said the government has no intention of canceling  subsidies of petroleum products from which the poor…
Ministry secures 940 million euro funding for metro third phase

Ministry secures 940 million euro funding for metro third phase

Planning and International Cooperation Minister Ashraf al-Araby signed Sunday morning a 940 million euro agreement of foreign financing for the…
Presidency: Domestic, foreign debt expenses LE130 bn

Presidency: Domestic, foreign debt expenses LE130 bn

Egypt’s foreign and internal debt services have accumulated over the past decades and now exceed LE130 billion, presidential spokesperson Yasser…
The alternative guide to solving Egypt’s economic crisis

The alternative guide to solving Egypt’s economic crisis

Egypt is currently taking a series of massive measures which officials say will help fix the country’s ailing economy. In…
Hunger economics: Do rising food prices mean trouble ahead?

Hunger economics: Do rising food prices mean trouble ahead?

Ali Mazen, a day laborer from Fayoum, barely makes enough in Cairo to buy food for his family back home.…
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,…
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