loans
Government to officially sign IMF loan agreement in March
Business
March 9, 2012
Government to officially sign IMF loan agreement in March
The government has officially agreed to sign a deal with the International Monetary Fund for a loan worth US$3.2 billion…
Government gets US$1.2 bn commodity loan from Islamic bank
Business
March 8, 2012
Government gets US$1.2 bn commodity loan from Islamic bank
The Egyptian government has received a US$1.2 billion credit facility from the International Islamic Trade Finance Corporation (ITFC) to help…
Ganzouri faces tough task selling IMF reforms
Business
February 29, 2012
Ganzouri faces tough task selling IMF reforms
Egypt's interim government will have to muster all its skills of persuasion to sell austerity measures to a country…
Economic gloom begins to lift in Egypt
Business
February 29, 2012
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…
Aviation Ministry borrows US$318 mln to renovate Sharm el-Sheikh Airport
Egypt
February 23, 2012
Aviation Ministry borrows US$318 mln to renovate Sharm el-Sheikh Airport
Civil Aviation Minister Hussein Massoud has said that the African Development Bank approved a loan of US$318 million to the…
Egypt’s unemployment rate rises to 12.4%
Business
February 18, 2012
Egypt’s unemployment rate rises to 12.4%
Egypt's fourth quarter unemployment rate rose by two percentage points from the previous quarter, the government’s statistics office said on…
Bloomberg: Egypt to offer US$2.5 bln in bonds
Business
February 13, 2012
Bloomberg: Egypt to offer US$2.5 bln in bonds
In two weeks, the Egyptian government will offer bonds worth US$2.5 billion, Bloomberg News Network reported on Monday. In the…
Dented economy haunts Egypt a year after revolt
Business
February 10, 2012
Dented economy haunts Egypt a year after revolt
A year after Egypt overthrew Hosni Mubarak, the poor state of the once-growing economy of the Arab world's most populous…
Deficit in new budget exceeds LE140 bln
Business
February 7, 2012
Deficit in new budget exceeds LE140 bln
The total amount of resources in the new budget is estimated at LE350 billion and the deficit stands at LE141…
Gallup Poll: The vast majority of Egyptians oppose US aid
Egypt
February 6, 2012
Gallup Poll: The vast majority of Egyptians oppose US aid
A recently released Gallup Poll survey shows that about 7 in 10 Egyptians oppose US economic aid to Egypt, and…