Egyptian economy

Egyptian economy in ‘alarming’ state, says EU ambassador
Business

Egyptian economy in ‘alarming’ state, says EU ambassador

European Union Ambassador Marc Franco has expressed concern over the Egyptian economy, which he said is in an “alarming” state,…
Achieving high growth rates will take 3-5 years, says Central Bank governor
Business

Achieving high growth rates will take 3-5 years, says Central Bank governor

Central Bank Governor Farouq al-Oqda said on Wednesday that the economy needs three to five years to achieve high growth…
Gulf investors worried, Egypt seen pressured
Business

Gulf investors worried, Egypt seen pressured

CAIRO/DUBAI - Gulf firms' quarterly results will take a back seat to developments in Europe as investors worry about whether…
Official disputes reports of Gulf aid to Egypt
Business

Official disputes reports of Gulf aid to Egypt

An anonymous government official said Egypt has not received the aid packages and loans reportedly agreed upon with Arab countries,…
Egypt will not accept conditional loans, says prime minister
Egypt

Egypt will not accept conditional loans, says prime minister

The Egyptian government will not accept conditional loans under any circumstances, said Egyptian Prime Minister Essam Sharaf on Tuesday. In…
Egyptian FM: Egypt to lead pan-Arab stance on Palestinian issue
Egypt

Egyptian FM: Egypt to lead pan-Arab stance on Palestinian issue

Egyptian diplomacy will work on bolstering the Palestinian position in the peace process and supporting the Egyptian economy, said Foreign…
Citigroup criticizes Egypt’s revenue estimates, predicts debt increase
Business

Citigroup criticizes Egypt’s revenue estimates, predicts debt increase

According to an international report issued by Citi Investment Research & Analysis, the Egyptian economy is at a crossroads following…
Revolution youth discuss Egypt’s economy with Qatari ambassador in Cairo
Egypt

Revolution youth discuss Egypt’s economy with Qatari ambassador in Cairo

During a meeting with a delegation representing revolution youth at his office in Cairo, Qatari Ambassador to Egypt Al-Bu’inin said…
American investors do not fear the Brotherhood rising to power
Business

American investors do not fear the Brotherhood rising to power

At their meetings with government officials and business associations over the past two days, a number of American investors said…
Central Bank announces decline in foreign reserves
Business

Central Bank announces decline in foreign reserves

The Central Bank of Egypt (CBE) on Tuesday announced that international reserves decreased to US$27.2 billion by end of May,…
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