Egypt economy
Budget deficit to near LE2 bln in 2013/14 fiscal year
Business
April 15, 2013
Budget deficit to near LE2 bln in 2013/14 fiscal year
The budget deficit for the fiscal year 2013/14 is estimated to swell up to LE197.493, as compared to a deficit…
Morsy plans Russia trip, wheat and oil in focus
Egypt
April 12, 2013
Morsy plans Russia trip, wheat and oil in focus
President Mohamed Morsy will visit Russia next week, state-run newspaper Al-Gomhurriya reported on Friday, in a visit market sources expect…
Egypt crisis threatens food for poorest: World Food Programme
Business
April 12, 2013
Egypt crisis threatens food for poorest: World Food Programme
The nation's economic crisis poses a threat to basic nutrition for its population of 84 million people, as the poorest…
Govt to hold more talks with IMF on loan next week
Business
April 11, 2013
Govt to hold more talks with IMF on loan next week
The Cabinet has made progress in talks with the International Monetary Fund (IMF) on a US$4.8 billion loan and will…
Egypt hits 2-wk high after funding pledge
Business
April 11, 2013
Egypt hits 2-wk high after funding pledge
The stock exchange hit a two-week high on Thursday after Qatar and Libya pledged US$5 billion in funding to a…
Egypt inflation jumps in March with rise in fuel and food prices
Business
April 10, 2013
Egypt inflation jumps in March with rise in fuel and food prices
Egypt's monthly inflation rate was once again on the rise in March, increasing by 0.8 percent to 8.2 percent, the…
Egypt scraps tax on dividends, investment gains
Business
April 8, 2013
Egypt scraps tax on dividends, investment gains
Egypt will cancel a tax on stock dividends and investment gains from takeovers and will return revenue already levied on…
Morsy: ‘God is ever providing,’ will save the economy
Egypt
April 5, 2013
Morsy: ‘God is ever providing,’ will save the economy
"If the situation necessitates another revolution, I will call for it," President Mohamed Morsy declared in a meeting Friday with…
Stock exchange sees modest gains Thursday despite upcoming protests
Business
April 4, 2013
Stock exchange sees modest gains Thursday despite upcoming protests
The Stock Exchange pulled itself out if a steep week-long side on Thursday, with indicators collectively rising by the end…
Egypt calls in favors as credit crunch hits key imports
Business
March 29, 2013
Egypt calls in favors as credit crunch hits key imports
Egypt has hit breaking point in its ability to pay for imports of oil, wheat and other basic commodities, forcing…