Business
Finance minister urges government to abide by state budget allocations
October 4, 2011
Finance minister urges government to abide by state budget allocations
Finance Minister Hazem al-Biblawy on Tuesday urged the government to adhere to the allocations given in the state budget, and…
London lord mayor in Cairo for talks on bilateral cooperation
October 4, 2011
London lord mayor in Cairo for talks on bilateral cooperation
London Lord Mayor Michael Bear arrived in Cairo Tuesday morning, leading a delegation on a visit to Cairo that will…
Is the military council leading Egypt toward an economic crisis?
October 3, 2011
Is the military council leading Egypt toward an economic crisis?
Unless serious reforms are made now, the economy could be headed toward a crisis scenario, as more job seekers enter…
Finance Minister: Borrowing is the solution for financial crisis
October 3, 2011
Finance Minister: Borrowing is the solution for financial crisis
Local or foreign borrowing is the immediate solution to the financial crisis in Egypt, Finance Minister Hazem al-Beblawy said on…
Egypt ‘committed to free market’ after investor fears
October 2, 2011
Egypt ‘committed to free market’ after investor fears
Egypt's deputy prime minister said on Sunday that his country was committed to a free market economy, after the ownership…
IMF delegation to visit Egypt over future borrowing
October 2, 2011
IMF delegation to visit Egypt over future borrowing
International Monetary Fund (IMF) officials proposed to amend the conditions tied to Egypt’s request to borrow US$3 billion in June…
Egypt falls 13 slots on Global Competitiveness Index
September 28, 2011
Egypt falls 13 slots on Global Competitiveness Index
Egypt went down from number 81 last year to number 94 on the 2011 Global Competitiveness Index, which lists a…
Egyptian stock exchange suffers fifth worse loss on record
September 28, 2011
Egyptian stock exchange suffers fifth worse loss on record
The Egyptian stock exchange on Wednesday lost more than LE10 billion, the fifth biggest one-day loss in the country's history.
Flights between Egypt and Libya resume
September 27, 2011
Flights between Egypt and Libya resume
Flights between Egypt and the eastern Libyan city of Benghazi have resumed, an airport official said on Tuesday, with plans…
Egypt’s OCI to develop Palm Hills property project
September 27, 2011
Egypt’s OCI to develop Palm Hills property project
Egypt's Palm Hills Development, the country's second-biggest listed developer, said Orascom Construction (OCICq.L) had won the development contract for a…