Business

IMF head Lagarde: IMF loan for Egypt won’t be enough

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

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

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

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

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

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

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

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

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

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…
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