budget deficit
Govt making visits for financial pledges ahead of IMF report
Egypt
November 21, 2012
Govt making visits for financial pledges ahead of IMF report
A senior government official said that the government intends to start visits to obtain official confirmation and written agreements from…
Cabinet to remove subsidies for octane 95 gas
Business
November 21, 2012
Cabinet to remove subsidies for octane 95 gas
The Cabinet will remove subsidies on octane 95 gasoline, International Cooperation and Planning Minister Ashraf al-Araby said Wednesday.
Cabinet to amend corruption legislation
Egypt
November 1, 2012
Cabinet to amend corruption legislation
Prime Minister Hesham Qandil on Thursday asked the Cabinet's legislative committee to amend anti-corruption legislation to increase penalties against perpetrators,…
Egypt’s unbalance of payments
Business
October 22, 2012
Egypt’s unbalance of payments
It’s no secret that Egypt’s current government is having trouble financing its spending. But the government’s troubles reflect a greater…
Presidency: Morsy seeking investments to create jobs
Business
October 22, 2012
Presidency: Morsy seeking investments to create jobs
President Mohamed Morsy is seeking to attract foreign investments to bolster the economy and create job opportunities, presidential spokesperson Yasser…
Finance minister: Egypt close to US$1 bn loan from World Bank
Egypt
October 15, 2012
Finance minister: Egypt close to US$1 bn loan from World Bank
Egypt had agreed with the World Bank on the terms for obtaining a US$1 billion loan to finance projects that…
Up against a fiscal wall, government courts foreign investment
Business
October 11, 2012
Up against a fiscal wall, government courts foreign investment
Officials are making a concerted effort to assure foreign and domestic investors that the climate for business is safe and…
Serious govt action needed on economy, experts say
Business
October 10, 2012
Serious govt action needed on economy, experts say
The government needs to do more to further encourage foreign investment and face its own growing budget deficit soon, or…
Morsy highlights 100-day achievements in speech
Egypt
October 7, 2012
Morsy highlights 100-day achievements in speech
President Mohamed Morsy delivered a speech Saturday, touting various successes and improvements in services since his election in June while…