Morsy Hegazy
Egypt sees 3.8% growth in next fiscal year
Business
April 23, 2013
Egypt sees 3.8% growth in next fiscal year
Egypt said its economy would grow by 3.8 percent in the fiscal year starting in July as ministers outlined the…
Govt warns of high poverty, unemployment as budget released
Business
April 23, 2013
Govt warns of high poverty, unemployment as budget released
The government announced a LE820.1 billion budget for fiscal year 2013/2014 on Tuesday that will grow the state's deficit to…
IMF chief says back to the drawing board on Egypt talks
Business
April 18, 2013
IMF chief says back to the drawing board on Egypt talks
The International Monetary Fund said on Thursday it has not reached a deal with Egypt regarding a loan program, adding…
Govt to hold more talks with IMF on loan next week
Business
April 11, 2013
Govt to hold more talks with IMF on loan next week
The Cabinet has made progress in talks with the International Monetary Fund (IMF) on a US$4.8 billion loan and will…
Egypt seeking US$465 million loan from Arab Monetary Fund
Business
April 2, 2013
Egypt seeking US$465 million loan from Arab Monetary Fund
Officials are in negotiations for a US$465 million from the Arab Monetary Fund, said Finance Minister Morsy Hegaz in an…
Orascom denies settlement with government
Business
March 24, 2013
Orascom denies settlement with government
Statements by Finance Minister al-Morsy Hegazy and the Real Estate Tax Authority over negotiations with Orascom Construction Industries to end…
Shura Council approves Islamic bond law
Business
March 19, 2013
Shura Council approves Islamic bond law
Parliament approved a law Tuesday allowing the issuance of Islamic bonds, slated to provide the heavily-indebted government with a new…
Egypt finance minister expects IMF loan before elections
Business
March 3, 2013
Egypt finance minister expects IMF loan before elections
Finance Minister Morsy Hegazy said Sunday he expected his government to reach an agreement with the International Monetary Fund on…