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British government inactive on freezing Mubarak regime accounts

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

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

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

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

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

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

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

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

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

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…
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