Egypt economy

Egypt-Saudi Arabia trade up by 20%, says ambassador
Business

Egypt-Saudi Arabia trade up by 20%, says ambassador

Bilateral trade between Egypt and Saudi Arabia grew by 20 percent last year in transactions worth US$30 billion, said Egyptian…
Budget deficit to near LE2 bln in 2013/14 fiscal year
Business

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

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

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

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

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

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

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

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

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…
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