development

Morsy scores US$4.9 bn in investments on China trip
Egypt

Morsy scores US$4.9 bn in investments on China trip

Presidential spokesman Yasser Ali has said several investment agreements were signed between Egyptian and Chinese businessmen during President Morsy’s visit…
Morsy rules out currency devaluation
Business

Morsy rules out currency devaluation

  Egypt's new president said on Monday he would not impose new taxes or devalue the country's currency and that…
Lagarde, Qandil hope for IMF deal before end of year
Business

Lagarde, Qandil hope for IMF deal before end of year

The Egyptian government has entered negotiations with the International Monetary Fund for a US$4.8 billion loan, Prime Minister Hesham Qandil…
Investment in Arab states rises despite unrest
Business

Investment in Arab states rises despite unrest

  Total foreign and domestic investments in Arab states rose slightly last year despite widespread unrest, the Kuwait-based Arab Investment and Export Credit Guarantee Corp. said…
Cairo’s central slum under threat
Egypt

Cairo’s central slum under threat

The contrast is stark. On the Nile waterfront, gleaming skyscrapers shoot into the sky, containing a mall stuffed with luxury…
Shura Council discusses land development plan
Egypt

Shura Council discusses land development plan

Head of the General Organization for Physical Planning Mostafa Madbouli presented an urban development plan to the Shura Council on…
New budget ‘represents the past,’ says former Finance Minister
Business

New budget ‘represents the past,’ says former Finance Minister

Samir Radwan, the former Finance Minister, said that the current state budget “represents the past” and that it “would not…
Egypt’s Elsewedy Electric to invest US$350 million in Niger
Business

Egypt’s Elsewedy Electric to invest US$350 million in Niger

NIAMEY — Egypt's Elsewedy Electric, the Arab world's biggest listed cable maker, plans to enter Niger by investing about US$350…
Salafis in Sinai hold conference on ‘post-revolution aspirations’
Egypt

Salafis in Sinai hold conference on ‘post-revolution aspirations’

The Salafi Dawah in Rafah celebrated the presidential victory of Mohamed Morsy on Saturday by holding a conference to outline…
Somalia’s capital enjoys building boom
World

Somalia’s capital enjoys building boom

Somalia's last president before the country erupted into decades of war made an ominous warning: Force him from power, and…
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