economy
External debt swells
Business
August 26, 2013
External debt swells
Egypt’s external debt grew by US $4 billion in March 2013 reaching $38.4 billion compared to $34.4 billion in June…
Why Egypt’s pound is not strengthening
Economy
August 23, 2013
Why Egypt’s pound is not strengthening
Take a look at this chart, which the Central Bank has been proudly parading this month:(Bloomberg)It shows how the pound’s…
What’s next for Egypt’s economy?
Opinion
August 17, 2013
What’s next for Egypt’s economy?
Egypt’s army has put the country on a path to economic destruction.Not only will foreign investors stay away from Egypt…
Toyota, Suzuki halt Egypt production amid unrest – Nikkei
Business
August 17, 2013
Toyota, Suzuki halt Egypt production amid unrest – Nikkei
Toyota Motor Corp and Suzuki Motor Corp halted production in Egypt on Thursday due to political turmoil in the country,…
Some Egypt businesses thrive in crush of economic downturn
Business
August 12, 2013
Some Egypt businesses thrive in crush of economic downturn
Egypt's smaller companies have struggled since the uprising that pushed aside Hosni Mubarak in 2011. But in a few corners…
Why Egypt’s energy bill is higher than official figures suggest
Business
August 10, 2013
Why Egypt’s energy bill is higher than official figures suggest
Egypt’s energy bill, already a whopping $17 billion, is probably much higher than official figures suggest. The country is losing…
Local Development Ministry to bolster financing for micro-projects
Business
July 31, 2013
Local Development Ministry to bolster financing for micro-projects
Egypt's Minister of Local Development Adel Labib said on Wednesday that the ministry will continue to hand out short-term loans…
Egypt to receive $2 billion from Saudi this week, says minister
Egypt
July 21, 2013
Egypt to receive $2 billion from Saudi this week, says minister
The Central Bank of Egypt will receive a deposit worth US$2 billion from Saudi Arabia this week, according to Planning Minister…
UAE transfers US$ 3 billion to Egypt
Business
July 18, 2013
UAE transfers US$ 3 billion to Egypt
Central Bank of Egypt (CBE) Governor Hesham Ramez said the United Arab Emirates on Thursday transferred US$3 billion to the…
Stock market rises 0.95%, encouraged by Morsy’s speech
Egypt
June 27, 2013
Stock market rises 0.95%, encouraged by Morsy’s speech
Stock indexes recorded a collective increase of 0.95 percent at Thursday’s close, amid optimism among investors after President Mohamed Morsy’s…