Business
Qatar says to invest US$18 billion in Egypt economy
September 7, 2012
Qatar says to invest US$18 billion in Egypt economy
Qatar said on Thursday it would invest US$18 billion dollars in tourism and industry projects along Egypt's Mediterranean coast over…
Qandil denies reports US will drop US$1 bn in debt
September 4, 2012
Qandil denies reports US will drop US$1 bn in debt
Prime Minister Hesham Qandil denied on Tuesday reports that the US would drop US$1 billion from the country’s debt load.…
In debate over devaluating the pound, officials avoid sparking panic
September 4, 2012
In debate over devaluating the pound, officials avoid sparking panic
In the past year, Egypt has been dealt a series of crippling economic blows, but the Egyptian pound has not…
Egypt needs investments of US$45 billion to meet target growth rate
September 4, 2012
Egypt needs investments of US$45 billion to meet target growth rate
Egypt needs LE276 billion (US$45 billion) in investment this year to meet its targeted growth rate, Prime Minister Hesham Qandil…
Is the government trying to tap into the lucrative mobile phone industry?
September 4, 2012
Is the government trying to tap into the lucrative mobile phone industry?
With a mobile phone in the hands of nearly every Egyptian and three large companies vying to provide customers with…
US nearing deal for $1 billion in Egypt debt relief
September 4, 2012
US nearing deal for $1 billion in Egypt debt relief
The Obama administration is close to a deal with Egypt's new government for US$1 billion in debt relief, a senior…
Multi-million dollar loan from China due to arrive in National Bank
September 3, 2012
Multi-million dollar loan from China due to arrive in National Bank
The National Bank of Egypt said that the US$200 million loan recently granted by the China Development Bank will arrive…
Foreign exchange reserves increase
September 3, 2012
Foreign exchange reserves increase
Foreign exchange reserves increased by about US$685 million at the end of August after Qatar gave $500 million, the first…
Slow burn: Govt plans gas subsidy cuts, but logistics are unclear
September 3, 2012
Slow burn: Govt plans gas subsidy cuts, but logistics are unclear
In a bold break with precedent, the 2012/13 state budget presented by former Prime Minister Kamal al-Ganzouri and his Cabinet…
British government inactive on freezing Mubarak regime accounts
September 3, 2012
British government inactive on freezing Mubarak regime accounts
The British government has allowed 19 members accused of embezzling under the former regime to keep for the past year…