Egypt economy

Egyptian stocks fall 2% Sunday
Business

Egyptian stocks fall 2% Sunday

The main index in the Egyptian Stock Exchange lost 2 percent on Sunday after the death of Pope Shenouda III…
IMF to schedule mission to Egypt later in March
Egypt

IMF to schedule mission to Egypt later in March

The International Monetary Fund has received a document outlining Egypt's proposed economic program to be supported by IMF financing and…
Economic gloom begins to lift in Egypt
Business

Economic gloom begins to lift in Egypt

When Egypt's stock market index climbed this week to its highest level since last July, it was more than a…
Political upheaval takes toll on Mobinil
Business

Political upheaval takes toll on Mobinil

Egyptian mobile phone operator Mobinil posted a quarterly net loss of LE177 million, blaming political turmoil in the wake of…
World Bank says Egypt requested US$1bn loan
Business

World Bank says Egypt requested US$1bn loan

The World Bank said on Thursday that Egypt has asked for a US$1 billion loan and it will launch talks…
Direct foreign investments rise in first quarter of FY2011/12
Business

Direct foreign investments rise in first quarter of FY2011/12

Direct foreign investments (FDI) in Egypt in the first quarter of fiscal year 2011/2012 have more than tripled, increasing by…
Ganzouri: Martyrs’ families and the injured are top priority
Egypt

Ganzouri: Martyrs’ families and the injured are top priority

Caring for martyrs’ families and the injured is the government’s main priority, said Prime Minister Kamal al-Ganzouri. Ganzouri noted employment…
Government devises new economic reform program
Business

Government devises new economic reform program

The government has put the final touches on a new economic reform program to resolve the current economic crisis. Government…
Egypt’s stock market rallies after peaceful demonstrations
Business

Egypt’s stock market rallies after peaceful demonstrations

Egypt's stock exchange continued its rally on Sunday after a 7 percent surge in the previous session on relief that…
Egypt to seek US$1 bln in loans from World Bank, African Development Bank
Business

Egypt to seek US$1 bln in loans from World Bank, African Development Bank

Egypt plans to officially apply for US$1 billion in loans from the World Bank and the African Development Bank, the…
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