Business
IMF head Lagarde: IMF loan for Egypt won’t be enough
April 19, 2012
IMF head Lagarde: IMF loan for Egypt won’t be enough
WASHINGTON, D.C. — Egypt's request for a US$3.2 billion IMF loan will not be enough to meet the country's financial…
Egypt sees Saudi financial help by end April
April 19, 2012
Egypt sees Saudi financial help by end April
Saudi Arabia will deposit US$1 billion at the Egyptian central bank and buy T-bonds worth $750 million by the end…
EGPC delays naphtha shipments after fire at refinery
April 19, 2012
EGPC delays naphtha shipments after fire at refinery
Egyptian General Petroleum Corporation (EGPC) has delayed naphtha shipments for April after a fire at its 146,300 barrels-per-day Nasr refinery…
Amid looming France Telecom buyout, stock exchange suspends trading of Mobinil and OTMT shares
April 19, 2012
Amid looming France Telecom buyout, stock exchange suspends trading of Mobinil and OTMT shares
The Egyptian Stock Exchange has suspended trading of shares of mobile operator Mobinil and Orascom Telecom Media and Technology (OTMT)…
Industrial deal focus of Israeli talks in Cairo, Amman
April 18, 2012
Industrial deal focus of Israeli talks in Cairo, Amman
A delegation from the Israeli Foreign Ministry traveled to Amman on Wednesday following a one-day visit to Cairo, where they…
With headquarters’ move, Egypt Exchange disconnects from heart of the city
April 17, 2012
With headquarters’ move, Egypt Exchange disconnects from heart of the city
When officials cut the ribbon in front of the doors of the new headquarters for the Egyptian Exchange on 12…
LE114 billion to be allocated for subsidizing petrol in the new budget
April 17, 2012
LE114 billion to be allocated for subsidizing petrol in the new budget
Executive director of the Egyptian General Petroleum Corporation (EGPC) Hani Dahi said subsidies allocated for petroleum products will jump to…
Finance Ministry to offer LE2.5 bn in reopened bonds
April 17, 2012
Finance Ministry to offer LE2.5 bn in reopened bonds
The Finance Ministry will offer LE2.5 billion (US$414.1 million) in reopened bonds at an auction on 23 April, the Central…
Brotherhood businessman urges business to play role in development
April 15, 2012
Brotherhood businessman urges business to play role in development
One month after the regime of former President Hosni Mubarak fell, in March 2011, Hassan Malek was released from jail.…
Muslim Brotherhood to launch chain store
April 14, 2012
Muslim Brotherhood to launch chain store
Investors affiliated with the Muslim Brotherhood plan to launch a chain store in two months, which they expect to acquire…