debt
Orascom Construction Q4 net falls more than expected
Business
March 27, 2012
Orascom Construction Q4 net falls more than expected
Egyptian group Orascom Construction reported a 34 percent drop in quarterly net income, missing expectations after being hit by debt…
Plan to save economy underway, says cabinet
Business
March 14, 2012
Plan to save economy underway, says cabinet
The cabinet is implementing a quick and comprehensive plan to revamp the economy and tame the budget deficit, the foreign…
Government to officially sign IMF loan agreement in March
Business
March 9, 2012
Government to officially sign IMF loan agreement in March
The government has officially agreed to sign a deal with the International Monetary Fund for a loan worth US$3.2 billion…
Government gets US$1.2 bn commodity loan from Islamic bank
Business
March 8, 2012
Government gets US$1.2 bn commodity loan from Islamic bank
The Egyptian government has received a US$1.2 billion credit facility from the International Islamic Trade Finance Corporation (ITFC) to help…
Foreign Ministry delegation to discuss Iraqi debts to Egypt
Egypt
March 6, 2012
Foreign Ministry delegation to discuss Iraqi debts to Egypt
A delegation from Egypt’s Foreign Ministry left for Iraq on Tuesday to discuss Iraqi debts to Egypt. Deputy Foreign Minister…
Farmers in limbo after stalled promises of loan forgiveness
Business
January 26, 2012
Farmers in limbo after stalled promises of loan forgiveness
In a speech made in the midst of December clashes between protesters and military and security forces, Prime Minister Kamal…
As Egypt returns to IMF, transparency still lacking
Business
January 15, 2012
As Egypt returns to IMF, transparency still lacking
Though largely billed as the country’s best and last hope to balance a growing budget deficit and to alleviate a…
SCAF: Egypt has refused foreign aid with political strings attached
Egypt
December 2, 2011
SCAF: Egypt has refused foreign aid with political strings attached
Egypt has refused financial aid offers from the Gulf and other foreign countries because political conditions have been attached, member…
Finance minister: Egypt will accept IMF funding package
Business
November 18, 2011
Finance minister: Egypt will accept IMF funding package
Egypt intends to accept a funding package of US$3.2 billion from the International Monetary Fund (IMF) it had rejected earlier…
Egypt gets budget help from Arab Monetary Fund
Business
November 16, 2011
Egypt gets budget help from Arab Monetary Fund
Egypt will receive US$200 million to support its budget from the Abu Dhabi-based Arab Monetary Fund (AMF) this month and…