Egypt economy
Feud between Brothers and military threatens fragile economy
Business
July 13, 2012
Feud between Brothers and military threatens fragile economy
Egypt's new Islamist president and his old military foes have come out swinging in a struggle for political power, but…
Morsy to focus on tourism, economy in first 100 days, says spokesperson
Egypt
June 27, 2012
Morsy to focus on tourism, economy in first 100 days, says spokesperson
President-elect Mohamed Morsy envisages transforming Egypt’s rentier-based economy to a value-added economy, Yasser Ali al-Afdal, Morsy’s temporary official spokesperson, said…
Central Bank: Economy to grow under 2 percent in 2012
Business
June 17, 2012
Central Bank: Economy to grow under 2 percent in 2012
Egypt's economic growth will slow to under two percent this year from 2.5 per cent last year because of political…
Update: Jump in Egypt foreign reserves may mask problem
Business
June 6, 2012
Update: Jump in Egypt foreign reserves may mask problem
Egypt's foreign reserves rose by US$302 million in May, their second successive monthly increase, but the positive number may mask…
Political turmoil drops Egypt’s Sewedy Q1 net profit to 43.8%
Business
May 30, 2012
Political turmoil drops Egypt’s Sewedy Q1 net profit to 43.8%
Egypt's El Sewedy Electric, the Arab world's biggest listed cable maker, on Wednesday reported a 44-percent drop in its 2012…
Economic situation endangered with polarized presidential run-off
Business
May 30, 2012
Economic situation endangered with polarized presidential run-off
The success of two polarizing figures in Egypt's presidential election could make it harder to put in place an effective…
IMF head Lagarde: IMF loan for Egypt won’t be enough
Business
April 19, 2012
IMF head Lagarde: IMF loan for Egypt won’t be enough
WASHINGTON, D.C. — Egypt's request for a US$3.2 billion IMF loan will not be enough to meet the country's financial…
Draft law regulating domestic trade presented to cabinet
Business
April 3, 2012
Draft law regulating domestic trade presented to cabinet
Sources with the Social Solidarity and Domestic Trade Ministry said that the ministry has submitted a draft law for regulating…
Report: Egypt, Saudi Arabia agree to keep kingdom’s investments intact
Business
March 29, 2012
Report: Egypt, Saudi Arabia agree to keep kingdom’s investments intact
The People’s Assembly Economic Affairs Committee has agreed to uphold all existing contracts governing Saudi Arabia’s US$27 billion in Egyptian…
Egypt unlikely to hit 2012 investment target
Business
March 22, 2012
Egypt unlikely to hit 2012 investment target
Egypt is unlikely to lure the foreign investment it hoped for this year as nervous overseas businesses spend small following…