Business

US Chamber of Commerce supports reducing Egypt’s debt

US Chamber of Commerce supports reducing Egypt’s debt

  An official from the US Chamber of Commerce in Cairo on Sunday called for a campaign to reduce Egypt’s…
In the dangerous profession of brick-making, talk of organizing

In the dangerous profession of brick-making, talk of organizing

  About 1 million workers employed in Egypt’s brick-manufacturing industry face constant threats of unemployment, exploitation, serious injury, illness and…
France Tel, Sawiris reach accord on Mobinil

France Tel, Sawiris reach accord on Mobinil

PARIS — France Telecom has reached a preliminary accord to buy out most of Egyptian tycoon Naguib Sawiris’ stake in…
Finance minister: Egypt needs US$11bn for economic reform program

Finance minister: Egypt needs US$11bn for economic reform program

Egypt will need about US$11 billion to finance an economic reform program over the next few years, said the finance…
Dented economy haunts Egypt a year after revolt

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…
World Bank head expects ‘tensions’ over US$1bn loan

World Bank head expects ‘tensions’ over US$1bn loan

The head of the World Bank expects “tensions” as Egypt negotiatesa US$1 billion loan with the international lender, which could…
Government to inject LE130 million into telecom sector

Government to inject LE130 million into telecom sector

The government will lend LE130 million to telecommunications companies to help them overcome the current recession, the communications and information…
Informal economy presents challenges, but also opportunities

Informal economy presents challenges, but also opportunities

With Egypt’s economy struggling over the past year, everyone from generals and government officials to presidential candidates and academics have…
January core inflation falls to 6.86 percent

January core inflation falls to 6.86 percent

Egypt's core consumer price inflation slowed to 6.86 percent in the year to January from 7.07 in December, the Central…
Optimism toward politics buoys Egyptian stocks

Optimism toward politics buoys Egyptian stocks

A strong performance by Egypt's stock market in the last few days, despite a string of negative political and economic…
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