Egyptian economy
Saudi Arabia supports Egypt’s economy with US$4 billion
Egypt
May 21, 2011
Saudi Arabia supports Egypt’s economy with US$4 billion
Field Marshal Hussein Tantawi, chairman of the Supreme Council of the Armed Forces (SCAF), directed a message of thanks and…
Finance minister: Egypt set to be a leading economy
Business
May 13, 2011
Finance minister: Egypt set to be a leading economy
Finance Minister Samir Radwan said on Thursday that the International Monetary Fund has confirmed that the Egyptian economy will be…
Q&A with Dave Robinson: FDI expert says Egypt has great potential
Business
May 10, 2011
Q&A with Dave Robinson: FDI expert says Egypt has great potential
There are numerous problems facing Egypt’s economy these days: high rates of unemployment and inflation, a growing national debt and…
Egypt inflation jumps to a year high on food prices
Business
May 10, 2011
Egypt inflation jumps to a year high on food prices
Urban consumer inflation in Egypt accelerated to 12.1 percent in April, its highest in a year, on the back of…
Egypt’s capital expenditure budget set at LE509 billion
Business
May 5, 2011
Egypt’s capital expenditure budget set at LE509 billion
Egypt's capital expenditure budget for the fiscal year 2011/2012 has been set at LE509.3, exceeding the budget for 2010/2011 by…
Egypt dips into foreign reserve for the first time
Business
May 4, 2011
Egypt dips into foreign reserve for the first time
Minister of Planning and International Cooperation Faiza Abul Naga on Wednesday said the Egyptian government has for the first time…
Bank group sees recession in Egypt, Tunisia, Syria
Business
May 4, 2011
Bank group sees recession in Egypt, Tunisia, Syria
The economies of Egypt, Yemen, Tunisia and Syria are likely to fall into recession in 2011 as economic activity falls…
Global labor organization urges Egypt to base minimum wage on prices
Business
April 13, 2011
Global labor organization urges Egypt to base minimum wage on prices
The International Labor Organization (ILO) called on Egypt to set a minimum wage based on the average prices for the…
Grand sheikh of Al-Azhar donates income to state
Egypt
April 13, 2011
Grand sheikh of Al-Azhar donates income to state
Al-Azhar Grand Sheikh Ahmed al-Tayyeb has transferred the income he earned since assuming his position to the State Treasury to…
Saudi businessmen plan LE100 bn in Egypt investments
Business
March 8, 2011
Saudi businessmen plan LE100 bn in Egypt investments
Saudi investors are planning to invest LE100 billion in Egypt over the coming period, in a step to maintain Saudi…