Ibrahim Alsahary

Ezz Steel signs LE1.7-bn loan agreement with international, local banks
Business

Ezz Steel signs LE1.7-bn loan agreement with international, local banks

Ezz Steel company signed a long-term loan agreement worth LE1.7 billion with the Arab African International Bank and the National…
Egypt expects $500 million in savings from importing LNG due to oil price drop
Business

Egypt expects $500 million in savings from importing LNG due to oil price drop

The cost of importing LNG to Egypt will decrease US$0.5 billion annually to $2 billion as a result of the…
Egypt’s gross domestic debt rose to LE1.84 trillion in September 2014
Business

Egypt’s gross domestic debt rose to LE1.84 trillion in September 2014

Egypt’s gross domestic debt rose to LE1.84 trillion in September 2014 from LE1.82 trillion in June, according to data posted…
Egypt’s Cabinet plans to sell $1.5 bn international bonds
Egypt

Egypt’s Cabinet plans to sell $1.5 bn international bonds

Egypt’s Cabinet approved a plan to commence selling US$1.5 billion in international bonds with the aim of attracting new foreign…
Ministry: Egypt’s budget deficit widens to LE107.9 bln in July-Nov 2014/2015
Egypt

Ministry: Egypt’s budget deficit widens to LE107.9 bln in July-Nov 2014/2015

Egypt’s overall budget deficit widened to  4.6 percent of the gross domestic product (GDP) reaching LE 107.9 billion for the…
Egypt’s mobile subscribers down 1.1 million in Sep
Egypt

Egypt’s mobile subscribers down 1.1 million in Sep

The number of mobile phone subscribers in Egypt fell on a monthly basis by 1.12 percent to 1.08 million users…
Report: Egypt ranks as one of world’s least prosperous nations
Egypt

Report: Egypt ranks as one of world’s least prosperous nations

Egypt ranks as one of the world’s least prosperous countries in 2014 according to an annual global prosperity survey released…
Egypt stock market loses $2.1 billion on Wednesday as oil prices sink further
Business

Egypt stock market loses $2.1 billion on Wednesday as oil prices sink further

The market continued its fall on Wednesday amid the plunge in oil prices, losing more than US$3.8 billion during the…
Egyptian Iron and Steel’s net loss widened to LE 125m in 1Q2014/15
Business

Egyptian Iron and Steel’s net loss widened to LE 125m in 1Q2014/15

The Egyptian Iron and Steel Company Wednesday says its net loss widened to LE125 million in the first quarter of…
Egypt walks balance of payments tightrope
Business

Egypt walks balance of payments tightrope

Egypt is walking a balance of payments (BOP) tightrope, where it faces challenges including the continued stagnation of exports, low…
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