Business
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…
Stock exchange achieves second highest monthly record
August 31, 2012
Stock exchange achieves second highest monthly record
The Egyptian Stock Exchange achieved unprecedented gains of nearly LE30 billion in August backed by several positive events at the…
Ampal files for Chapter 11 as Egypt natgas halt weighs
August 30, 2012
Ampal files for Chapter 11 as Egypt natgas halt weighs
Ampal-American Israel Corp filed for Chapter 11 bankruptcy protection as it faces deepening financial troubles in the wake of a…
US delegation in favor of IMF loan, protesters say no
August 29, 2012
US delegation in favor of IMF loan, protesters say no
The head of the US economic delegation said Wednesday that United States welcomes Egypt's negotiations with the IMF as the…
Qandil discusses proposed aid package with senior US diplomat
August 28, 2012
Qandil discusses proposed aid package with senior US diplomat
Prime Minister Hesham Qandil met with the US under secretary of state for economic growth on Tuesday to discuss a…
Egypt’s Central Bank sells 513 mn euros of T-bills
August 28, 2012
Egypt’s Central Bank sells 513 mn euros of T-bills
Egypt's Central Bank sold 513 million euros (US$642 million) worth of euro-denominated T-bills at an inaugural auction on Tuesday, and…
Morsy rules out currency devaluation
August 27, 2012
Morsy rules out currency devaluation
Egypt's new president said on Monday he would not impose new taxes or devalue the country's currency and that…
US delegation arrives in Cairo Tuesday to discuss aid package
August 27, 2012
US delegation arrives in Cairo Tuesday to discuss aid package
The US is resuming negotiations with the Egyptian government regarding an economic aid package to help Egypt overcome the…
Govt to stop subsidizing energy for cement factories, says minister
August 26, 2012
Govt to stop subsidizing energy for cement factories, says minister
The government will no longer subsidize energy for new cement factories, including 14 factories for which licenses have already…
Nour Party divided on IMF loan
August 25, 2012
Nour Party divided on IMF loan
Spokesperson for the Salafi Nour Party Yousry Hammad said Saturday that the interest on the planned IMF loan to Egypt…