foreign loans
Update: IMF loan violates Sharia, says Nour Party
Egypt
August 22, 2012
Update: IMF loan violates Sharia, says Nour Party
The government should not borrow from the International Monetary Fund to boost the country’s cash reserve, the Salafi Nour Party…
In new region, EBRD told to proceed with caution
Business
June 13, 2012
In new region, EBRD told to proceed with caution
Under Hosni Mubarak’s 30-year reign, “the private sector” and “privatizations” became politically laden terms associated with a circle of businessmen…
Interest-based loans for new metro line not banned by Sharia law, says minister
Egypt
June 4, 2012
Interest-based loans for new metro line not banned by Sharia law, says minister
Fayza Abouelnaga, minister of planning and international cooperation, rejected claims that interest-based loans are prohibited by Sharia law in a…
We do not favor increasing foreign loans, says FJP
Egypt
February 22, 2012
We do not favor increasing foreign loans, says FJP
The Freedom and Justice Party has yet to announce its official stance concerning borrowing from the International Monetary Fund, said…
World Bank says Egypt requested US$1bn loan
Business
February 2, 2012
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…
Egypt-Gulf cooperation motivated by strategic interests
Egypt
November 17, 2011
Egypt-Gulf cooperation motivated by strategic interests
Recent announcements that Qatar and Saudi Arabia have both granted Egypt US$500 million in budget support raised eyebrows among some…
Should Egypt repay its $35 billion debt?
Opinion
October 30, 2011
Should Egypt repay its $35 billion debt?
Since Mubarak’s fall, steps are being taken to address the widespread corruption that occurred during his 30-year rule. The Illicit…
Japan pushes forward with solar power projects in Egypt
Environment
July 13, 2011
Japan pushes forward with solar power projects in Egypt
Although the economic slump of past months has stalled most of Egypt’s industrial projects, the Japan International Cooperation Agency (JICA),…
IMF cancels Cairo visit after military council rejects foreign loans
Business
July 1, 2011
IMF cancels Cairo visit after military council rejects foreign loans
A source close to the International Monetary Fund (IMF) said the fund cancelled a visit to Cairo scheduled for July…
National Wages Council warns of austerity measures affecting labor market
Business
June 27, 2011
National Wages Council warns of austerity measures affecting labor market
National Wages Council member Abdel Rahman Kheir said on Monday that the austerity measures currently being considered by the government…