Egypt economy

Bakers threaten strike if govt doesn’t shelve new bread subsidy plan
Business

Bakers threaten strike if govt doesn’t shelve new bread subsidy plan

Bakeries across the nation have threatened to shut down if the government doesn't reconsider a new subsidization system for bread…
Ministry seeks tourism boost after Ahmadinejad visit
Business

Ministry seeks tourism boost after Ahmadinejad visit

Tourism Minister Hesham Zaazou  is heading to Tehran, the government said on Sunday, as Cairo tries to halt sliding visitor…
Minister: IMF loan talks to resume in early March
Business

Minister: IMF loan talks to resume in early March

Egypt will resume talks with the International Monetary Fund on financial aid early next month, Investment Minister Osama Saleh said…
IMF will decide when to visit Cairo after reviewing Cabinet’s reforms
Egypt

IMF will decide when to visit Cairo after reviewing Cabinet’s reforms

The government is working to amend its economic reform program before it agrees on the date of an International Monetary…
Stock market loses LE500 million on Thursday
Business

Stock market loses LE500 million on Thursday

After a shaky day for the market, stock indexes closed with a LE500 million loss on Thursday. The main index…
Damietta LNG plant idled as Egypt keeps its gas at home
Business

Damietta LNG plant idled as Egypt keeps its gas at home

The Damietta liquefied natural gas facility in Egypt is not operating due to a lack of feed gas as the…
IMF postpones loan talks, again
Egypt

IMF postpones loan talks, again

The International Monetary Fund has once again postponed negotations on a long-awaited US$4.8 billion loan to Egypt, said a government…
Egypt, Turkey hope to double bilateral trade, says Morsy
Business

Egypt, Turkey hope to double bilateral trade, says Morsy

Egypt and Turkey plan to double trade transactions between the two countries over the next few years, announced President Mohamed…
Price hikes for food, medicine
Business

Price hikes for food, medicine

The overall index of food prices went up by 1 percent last week, said Osama Sultan of the Federation of…
After Wednesday losses, stock market starts to rally Thursday
Business

After Wednesday losses, stock market starts to rally Thursday

Stock indexes rose slightly by the end of trading on Thursday, supported by purchases made by Egyptian and foreign investors.…
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