Finance News
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Tony Blair denies signing as economic adviser for Sisi
Blair denied the reports, stating that "the story is nonsense", and that he is seeking no business opportunities in Egypt.
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Egypt's richest man sentenced to 3 years in jail on tax evasion: ETA
Sentenced in absentia, Nassef Sawiris is also fined LE50 million for refraining from paying due checks to Egypt's tax authority.
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Egypt to pay $1.5bn oil debt this year, restarts BP deal
The latest government figures put Egypt's debts to foreign oil companies operating there at $5.7 billion.
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Sisi to give up half his salary and properties 'for Egypt'
Sisi vowed to waive half of his EGP42,000 salary, as well as 50% of his properties, and added that he could not override judicial decisions.
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Egypt taking oil shipments for June needs despite free Gulf fuel-official
Energy prices in Egypt are among the cheapest in the world, with subsidies eating up a fifth of state spending.
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Wheat market decline cuts prices at Egypt tender
Egypt's GASC grain authority at tender bought 180,000 tonnes of Romanian and Russian wheat, for an average of $262.15 a tonne including freight.
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Arab Investors Union: Foreign aid cannot build an economy
Ambassador Gamal al-Bayoumy, head of the Union of Arab Investors, said using Arab aid in bridging the budget deficit is not good enough.
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Egypt worst for pay in Middle East, say hoteliers
Respondents in the 2014 Hotelier Middle East Salary Survey named Egypt as the country with the worst pay levels than anywhere else in the region.
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Egypt needs anti-dumping duties if energy subsidies cut -steel firm
Energy subsidies are one of the most explosive issues facing Egypt's former army chief and almost-President Abdel Fattah al-Sisi.
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Companies to provide microcredit for the first time in Egypt
New law approved by Egypt's government will give informal businesses greater access to loans, with a maximum of LE100,000 available in microcredit.
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Egypt President salary to be raised to EGP42,000
Shortly before Egypt’s presidential elections, a presidential decree was issued to raise the salary of the country’s coming ruler.
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Egyptian among IMF Middle East Youth Dialogue winners
Mohamed Reda was chosen along with 3 others to attend the IMF's Building the Future: Jobs, Growth, & Fairness in the Arab World conference.
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Is Social Justice a Luxury or a Necessity for Egypt?
Calls for Social Justice and talks about wages have been hyping in Egypt, but why does inequality matter at all economically?
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Samsung announces results for Q1/ 2014
Q1 saw net income of $7.27 billion on sales of $51.5 billion and its global consolidated operating profit reached $8.15 billion.
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The Egyptian Economy: Anesthetic or Remedy?
Is Egypt treating the consequent symptoms of its economic problems or is it focusing on the root of all setbacks?
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Egypt's Constitution: Promoting a knowledge-economy?
Egypt's constitution recognizes the importance of a knowledge-economy & emphasizes the need of scientific research, innovation & creativity.
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Policy brief: Energy Subsidies - get the report
Breakdown, potential streamlining measures, and likely implications of energy subsidies in Egypt - a 13-page report by Dcode EFC.
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Egyptians: Economy will improve in 12 months
In 2013’s last quarter, Egypt captured the 9th highest recessionary sentiment globally, with 86% believing their country was in economic recession.
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EGX reviews stocks for specialized activities twice a year
EGX will be reviewing list of stocks meeting criteria for specialized activities twice a year instead of once.
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Egypt to be 22nd largest economy in 2028: CEBR
Given political stability, Egypt will crack the world’s top 30 by 2023, overtaking Colombia and Austria at rank 28.