Egypt economy
Qandil denies reports US will drop US$1 bn in debt
Business
September 4, 2012
Qandil denies reports US will drop US$1 bn in debt
Prime Minister Hesham Qandil denied on Tuesday reports that the US would drop US$1 billion from the country’s debt load.…
Multi-million dollar loan from China due to arrive in National Bank
Business
September 3, 2012
Multi-million dollar loan from China due to arrive in National Bank
The National Bank of Egypt said that the US$200 million loan recently granted by the China Development Bank will arrive…
Stock exchange achieves second highest monthly record
Business
August 31, 2012
Stock exchange achieves second highest monthly record
The Egyptian Stock Exchange achieved unprecedented gains of nearly LE30 billion in August backed by several positive events at the…
Qandil meets with union heads to discuss labor strikes
Egypt
August 24, 2012
Qandil meets with union heads to discuss labor strikes
Prime Minister Hesham Qandil held talks Thursday night with leaders of the Egypt Trade Union Federation (ETUF) to discuss…
Egypt struggles to buy fuel as credit dries up
Business
August 23, 2012
Egypt struggles to buy fuel as credit dries up
LONDON/CAIRO — Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug…
Egypt gas exports increase in first quarter, but production drops
Business
August 9, 2012
Egypt gas exports increase in first quarter, but production drops
Egypt's exports of natural gas and its derivatives rose by 8.9 percent in the first five months of 2012,…
Qandil’s economic appointments maintain status quo in weakened govt
Business
August 3, 2012
Qandil’s economic appointments maintain status quo in weakened govt
As Prime Minister Hesham Qandil was unveiling the new Cabinet, unrest ensued in parts of the country. One person died…
Chamber of Commerce criticizes Industry Ministry nominees
Business
July 31, 2012
Chamber of Commerce criticizes Industry Ministry nominees
The head of the Federation of the Egyptian Chambers of Commerce, Ahmed al-Wakil, said that he would inform President Mohamed…
Statistics agency head says economy shrinking, but salvageable
Egypt
July 30, 2012
Statistics agency head says economy shrinking, but salvageable
The head of the Central Agency for Public Mobilization and Statistics (CAPMAS), Abu Bakr al-Gendy, said that while the economic…
Khan al-Khalili shop owners protest lack of business
Egypt
July 18, 2012
Khan al-Khalili shop owners protest lack of business
Bazaar owners in the Khan al-Khalili area blocked Al-Azhar Street on Wednesday in protest against the lack of business due…