Business
Finance minister: Egypt needs US$11bn for economic reform program
February 10, 2012
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
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…
World Bank head expects ‘tensions’ over US$1bn loan
February 10, 2012
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
February 10, 2012
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
February 9, 2012
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
February 9, 2012
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
February 8, 2012
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…
PM: Donors say they want IMF accord first
February 8, 2012
PM: Donors say they want IMF accord first
International donors have made any financial support they provide to Egypt contingent on Cairo first reaching agreement on a financing…
Govt raises diesel prices by 75 percent for industrial sector
February 8, 2012
Govt raises diesel prices by 75 percent for industrial sector
The Egyptian government on Wednesday approved a 75 percent increase in diesel prices to reduce petroleum subsidies in the industrial…
Government drags feet on fuel subsidy reform
February 8, 2012
Government drags feet on fuel subsidy reform
For years, Egypt’s government has discussed the need to reform fuel subsidies that mainly benefit energy-intensive industries and the wealthy,…