Business
Egypt expects fiscal year growth up to 3.5%
September 8, 2011
Egypt expects fiscal year growth up to 3.5%
Egypt's planning minister said on Thursday she expected an economic growth rate of 3 to 3.5 percent in the current…
Egypt says April-June budget deficit US$4.99 billion
September 8, 2011
Egypt says April-June budget deficit US$4.99 billion
Egypt's budget deficit fell to 29.8 billion Egyptian pounds (US$4.99 billion) in the April to June quarter from 31.6 billion…
Revised gas export contract with Jordan adds US$250 million in annual profits
September 7, 2011
Revised gas export contract with Jordan adds US$250 million in annual profits
The revised contract for exporting natural gas to Jordan adds an extra US$250 million in annual profits for Egypt, according…
Over 3 million Egyptian unemployed, according to official report
September 7, 2011
Over 3 million Egyptian unemployed, according to official report
There are 3.1 million unemployed people in Egypt, according to a report published by the Central Agency for Public Mobilization…
Egypt sees billions in aid from Saudi, UAE soon
September 7, 2011
Egypt sees billions in aid from Saudi, UAE soon
ABU DHABI - Egypt expects to reach a loan agreement with Saudi Arabia and the United Arab Emirates worth several…
Egypt to rely on local market for financing, says minister
September 7, 2011
Egypt to rely on local market for financing, says minister
ABU DHABI - Egypt has no plans to issue an international bond currently and will rely on local market to…
Central Bank official: No maximum wage for public banks’ leaders
September 7, 2011
Central Bank official: No maximum wage for public banks’ leaders
A maximum wage for the leaderships of the Central Bank of Egypt (CBE) and the presidents of public banks has…
Orascom Development says Egypt’s regulator drops court case
September 7, 2011
Orascom Development says Egypt’s regulator drops court case
Real estate and hotels firm Orascom Development (ODH) said on Wednesday it had reached a settlement with Egypt's financial market…
Egypt’s local borrowing may backfire on economy
September 7, 2011
Egypt’s local borrowing may backfire on economy
Egypt’s increased reliance on local lenders to finance its budget shortfall may stifle any economic recovery by reducing the incentive…
Tourism Union calls for boycott of Saudi Airlines following pilgrim crisis
September 6, 2011
Tourism Union calls for boycott of Saudi Airlines following pilgrim crisis
The Egyptian Tourism Union called for boycotting Saudi Arabian Airlines until the latter issues an official apology for mistreating Egyptian…