Business

UAE’S Damac says files suit against Egypt

UAE’S Damac says files suit against Egypt

Dubai property developer Damac said on Tuesday it had filed an international arbitration case against Egypt over a land dispute…
No new government jobs for fresh graduates

No new government jobs for fresh graduates

The Finance Ministry on Tuesday announced that the government will not be offering new jobs to fresh university graduates, a…
Sawiris to step down as Orascom Telecom chairman

Sawiris to step down as Orascom Telecom chairman

Egyptian mobile operator Orascom Telecom's CEO will take over from Naguib Sawiris as executive chairman, the firm said on Monday,…
Military council warns of economic collapse

Military council warns of economic collapse

The Supreme Council of the Armed Forces has warned of a collapse in the economy, pointing out that direct foreign…
Finance Minister: Egypt near deal with World Bank

Finance Minister: Egypt near deal with World Bank

Egypt's finance minister says his country is nearing a deal to borrow $2.2 billion from the World Bank. Samir Radwan…
Egypt investors look beyond short-term turbulence

Egypt investors look beyond short-term turbulence

When mass protests drove Egypt's Hosni Mubarak out of office in February and political turmoil sent the economy into a…
Tourism federation: Sectarian strife threatens to close tourist companies

Tourism federation: Sectarian strife threatens to close tourist companies

Continued instability and sectarian conflict, which discourages tourism, could lead to the closure of tourist companies within 2 months, warned…
Finance minister: Egypt set to be a leading economy

Finance minister: Egypt set to be a leading economy

Finance Minister Samir Radwan said on Thursday that the International Monetary Fund has confirmed that the Egyptian economy will be…
Israeli delegation in Egypt to negotiate fixed gas rates

Israeli delegation in Egypt to negotiate fixed gas rates

A high-level Israeli delegation began discussions on Thursday with senior Egyptian officials on fixing the price for Egyptian natural gas…
Egypt seeks US$12 billion from lenders

Egypt seeks US$12 billion from lenders

Washington--Egypt has requested help from the International Monetary Fund to help bridge a gap in government funding that will total…
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