Business

Egypt struggles to buy fuel as credit dries up

Egypt struggles to buy fuel as credit dries up

  LONDON/CAIRO — Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug…
IMF envoys: Egypt visit is to express solidarity, not discuss loan details

IMF envoys: Egypt visit is to express solidarity, not discuss loan details

The International Monetary Fund's delegation in Cairo met with representatives from the economic ministries to agree on the steps Egypt…
Suez Canal sees record revenues

Suez Canal sees record revenues

Lieutenant General Mohab Mamish, Suez Canal Authority chairman, said that the canal hit a record in daily revenue Thursday with…
Lagarde, Qandil hope for IMF deal before end of year

Lagarde, Qandil hope for IMF deal before end of year

The Egyptian government has entered negotiations with the International Monetary Fund for a US$4.8 billion loan, Prime Minister Hesham Qandil…
Egypt says formally requests US$4.8 bn IMF loan

Egypt says formally requests US$4.8 bn IMF loan

Egypt has formally requested a US$4.8 billion loan from the International Monetary Fund, a spokesman for its president said on…
State bank to drop small farmers’ debts

State bank to drop small farmers’ debts

The state-owned Agricultural Development Bank will drop the debts of some 41,000 farmers as of next week, the bank's director announced Tuesday.…
IMF chief arrives in Cairo to discuss loan

IMF chief arrives in Cairo to discuss loan

Christine Lagarde, managing director of the International Monetary Fund, arrived in Cairo Tuesday for a two-day visit to hold talks…
Central bank official: Foreign reserves may hit US$21.2 bn

Central bank official: Foreign reserves may hit US$21.2 bn

  An official at the Central Bank of Egypt told a state-run paper that he predicted the country's foreign reserve…
EgyptAir assigns larger plane for Syria flights

EgyptAir assigns larger plane for Syria flights

  Head of EgyptAir Ayman Nasser said that larger planes would head to Damascus and Aleppo to accommodate larger numbers…
Inside the stock market of commercials

Inside the stock market of commercials

Besides soaps, talk shows and religious segments, which are common features of the Ramadan media diet, a sprawling amount of…
Back to top button