Egypt economy

Egypt’s ratings stabilize but rapid recovery unlikely, according to Fitch
Business

Egypt’s ratings stabilize but rapid recovery unlikely, according to Fitch

Egypt’s economy will take over two years to recover from the upheavals following its January 2011 revolution, international credit rating…
Egypt hopes to tie oil payments to production increases: minister
Business

Egypt hopes to tie oil payments to production increases: minister

Egypt wants to encourage foreign oil companies in the country to increase exploration and production in exchange for a more…
Economic experts discuss changes in new constitution
Business

Economic experts discuss changes in new constitution

It is part and parcel that any changes in Egypt’s constitution will affect businessmen, investors and business in general in…
Egypt registers “disappointing” gold purchases
Business

Egypt registers “disappointing” gold purchases

Rafik Abbasy, vice president of the Gold Industry Chamber, has said gold purchases are “disappointingly” low these days, contrary to…
Stock market rises despite Monday riots
Business

Stock market rises despite Monday riots

Violence clashes Monday night have had almost no effect on Egypt's stock markets, as indexes went up on Tuesday trading,…
Final Issue: Problem of unemployment likely to worsen in Egypt
Business

Final Issue: Problem of unemployment likely to worsen in Egypt

This piece was written for Egypt Independent's final weekly print edition, which was banned from going to press. We offer…
IMF delegate claims Egypt loan to be finalized in May
Business

IMF delegate claims Egypt loan to be finalized in May

Egypt and the International Monetary Fund have agreed on the main aspects of a US$4.8 billion loan and the deal…
Egypt says Russia to help revive nuclear program
Egypt

Egypt says Russia to help revive nuclear program

Russia will help Egypt develop its nuclear power program, Trade and Industry Minister Hatem Saleh said on Monday, signaling that…
Stocks fall Monday ahead of expected Cabinet reshuffle
Business

Stocks fall Monday ahead of expected Cabinet reshuffle

The stock exchange indexes tumbled at the end of trading on Monday, suffering from a lack of liquidity, declining purchasing…
Islamic Development Bank promises major investments in Egypt
Business

Islamic Development Bank promises major investments in Egypt

The Islamic Development Bank plans to pump US$3 billion into the Egyptian market over the next five years, said on…
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