Business
Foot-and-mouth disease traps camels at Sudanese border
March 27, 2012
Foot-and-mouth disease traps camels at Sudanese border
A decision issued by Egypt’s Agriculture Ministry preventing the transfer of animals across governorates borders to halt the spread of…
Orascom Construction Q4 net falls more than expected
March 27, 2012
Orascom Construction Q4 net falls more than expected
Egyptian group Orascom Construction reported a 34 percent drop in quarterly net income, missing expectations after being hit by debt…
We rejected an IMF request to devalue the pound by 20%, says official
March 26, 2012
We rejected an IMF request to devalue the pound by 20%, says official
A senior government official said Monday that the government rejected a request by the International Monetary Fund to devalue the…
Senior Brotherhood member launches Egyptian business association
March 26, 2012
Senior Brotherhood member launches Egyptian business association
A senior Muslim Brotherhood member and businessman, who at this time last year had just been released from Tora prison,…
Stock market loses LE2 billion at start of Monday trading
March 26, 2012
Stock market loses LE2 billion at start of Monday trading
Egypt’s stock market fell nearly LE2 billion during the beginning of Monday’s trading session due to mass sales by Egyptian…
Egypt Q4 balance of payments deficit $5.7 billion
March 25, 2012
Egypt Q4 balance of payments deficit $5.7 billion
Egypt's balance of payments slid into a deficit of $5.65 billion in the politically-fraught final quarter of 2011, turning around…
IMF loan faces political hurdles
March 25, 2012
IMF loan faces political hurdles
Negotiations between the government and the International Monetary Fund over a US$3.2 billion loan were adversely affected by the position…
US OKs Egypt aid despite congressional concerns
March 23, 2012
US OKs Egypt aid despite congressional concerns
WASHINGTON (AP) ― The Obama administration told Congress on Thursday it will waive democracy requirements to release up to US$1.5…
IMF says talks in Egypt were ‘productive’
March 22, 2012
IMF says talks in Egypt were ‘productive’
The International Monetary Fund said Thursday an IMF team had fruitful talks with authorities in Egypt this week that could…
Fluctuating stock market closes on slight rise
March 22, 2012
Fluctuating stock market closes on slight rise
Stock exchange trading fluctuated significantly Thursday due to sales by Egyptian and foreign investors, but stabilized by the end of…