economy

Finance minister: Negotiations with IMF resumed for $3.2 billion loan
Egypt

Finance minister: Negotiations with IMF resumed for $3.2 billion loan

The government is in contact with the International Money Fund to resume negotiations on a US$3.2 billion loan to Egypt,…
New Cabinet no quick fix for flailing economy
Business

New Cabinet no quick fix for flailing economy

As Egypt's first permanent government since the overthrow of Hosni Mubarak took shape on Wednesday, the first names to emerge…
The souq is ours: Life after tourism in Aswan’s souq
Life & Style

The souq is ours: Life after tourism in Aswan’s souq

"If they were British, we said ‘Our shop is cheaper than Asda,’” says Haitham Ibrahim, as we stroll through Sharia…
Stock market rises Tuesday
Business

Stock market rises Tuesday

Egyptian stock market indices gained on Tuesday morning, encouraged by optimism following the announcement of the results from the presidential…
Morsy inherits presidency as Egyptian pound is at 7-year low
Business

Morsy inherits presidency as Egyptian pound is at 7-year low

CAIRO — Egypt's currency, the pound, weakened to its lowest against the US dollar in more than seven years on Sunday…
Ganzouri: Elections were honest, any rigging came from participants
Egypt

Ganzouri: Elections were honest, any rigging came from participants

“The elections were honest on the part of the state, and the rigging that happened was on the part of…
SCAF set to approve state budget, says Cabinet source
Business

SCAF set to approve state budget, says Cabinet source

The Supreme Council of the Armed Forces is set to approve the state budget for the fiscal year 2012/2013 within…
Egypt gets US$1 bn from Saudis, clearing IMF hurdle
Business

Egypt gets US$1 bn from Saudis, clearing IMF hurdle

Saudi Arabia has transferred US$1 billion to Egypt's central bank, an Egyptian minister said on Thursday, in a move seen…
Parliamentary committee calls for an economic boycott of Israel
Egypt

Parliamentary committee calls for an economic boycott of Israel

MP Mohamed Idris, chairman of Parliament’s Arab Affairs Committee, called for an economic boycott of Israel on Monday, following reports…
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