IMF loan
IMF welcomes Egypt’s effort to safeguard reserves
Business
December 31, 2012
IMF welcomes Egypt’s effort to safeguard reserves
The International Monetary Fund said Monday that it welcomed steps Egypt has taken to stop a drain on its international…
Agency: Egypt budget deficit expected to widen to LE200 bn
Business
December 31, 2012
Agency: Egypt budget deficit expected to widen to LE200 bn
Egypt's budget deficit in the year to end-June 2013 could widen by 50 percent from the original forecast made in…
Morsy not concerned about dollar rise against pound, market will rebound
Egypt
December 31, 2012
Morsy not concerned about dollar rise against pound, market will rebound
Egypt is not concerned about the dollar’s recent rise against the Egyptian pound, President Mohamed Morsy said Monday in statements…
Egypt not on verge of bankruptcy, says PM
Egypt
December 30, 2012
Egypt not on verge of bankruptcy, says PM
Prime Minister Hesham Qandil said Sunday that although the country's economic situation is "difficult and critical," the country is not…
Turkey immunizes loan to Egypt against judicial rulings
Business
December 27, 2012
Turkey immunizes loan to Egypt against judicial rulings
Turkey has immunized its US$2 billion loan to Egypt against variables such as a court ruling, said a government source.…
Egypt’s economy will face tougher hurdles in 2013
Business
December 27, 2012
Egypt’s economy will face tougher hurdles in 2013
Talk of economic recovery has all but gone silent in Egypt, replaced by doomsday predictions about the depths to which…
Egypt far from bankruptcy, says govt
Egypt
December 26, 2012
Egypt far from bankruptcy, says govt
Government spokesperson, Alaa al-Hadidy, on Wednesday said Egypt is far from the “frightening scenario” of bankruptcy. “Bankruptcy is normally preceded…
Fragile economy overshadows Morsy’s referendum win
Business
December 23, 2012
Fragile economy overshadows Morsy’s referendum win
Egyptian President Mohamed Morsy will have little time to savor victory in pushing through a new constitution as it may…
EU: No aid to Egypt before improving economy and signing IMF loan
Business
December 19, 2012
EU: No aid to Egypt before improving economy and signing IMF loan
The European Union has said it is willing to support Egypt and the “Arab Spring” countries to achieve democracy, but…
Is it collective suicide?
Opinion
December 17, 2012
Is it collective suicide?
Most observers have been paying close attention to the exciting dynamics of Egypt’s ongoing political crisis, which unfolded following the…