News
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Islamist leads Egypt vote, investors on edge
Investors have become more nervous as election day draws closer, while the Egyptian pound hovers at a 7-year-low.
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Amr Moussa: Boosting spending is vital to economic recovery
Moussa is planning to mobilize funds from Arab countries and international lenders to spend on infrastructure
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Egypt's new budget targets subsidies, boosts wages, social spending
Finance minister unveils spending plans for 2012/13, balancing hikes in state salary and infrastructure investment with cuts in petrol subsidies.
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A towering reminder of Egypt's corrupt decades
The 166-metre Gezira Tower and Hotel has become a landmark for years, but only a few Egyptians know its story and what it actually stands for.
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Huge economic challenge awaits Egypt's next leader
Yolande Knell reports about the kiosk businesses and the investment potential in Egypt, with consideration of current political affairs.
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EBRD agrees 1 bln euro N.Africa fund
The fund will be used for investment in the development bank's new countries of Egypt, Jordan, Morocco and Tunisia, the bank added.
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Arabs' wishful thinking for G8
Arab Spring countries must know that G8 countries will not be handing out money to assist their transition into flourishing democracies.
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NBD & Bank Audi arrange EGP 688 mln loan to Egyptian company for phosphate
The consortium was signed last Tuesday after a difficult competition with five other banks.
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Egypt to test unique CSP solar/biomass hybrid plant
The EU is funding the pilot Concentrated Solar Power (CSP) project in Egypt with 11,755,049 Euros.
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Egypt election: It's the economy, stupid
All Egyptians really care about is the economy - but the top candidates seem to have few solutions.
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Opinion: America should stop giving $2 billion of U.S. aid to Egypt unconditionally
If Egypt under-performs, the U.S. should shift some of its military aid to promote economic growth, says Graham Palmer.
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Egypt's bourse seen sideways ahead of polls
With no clear front-runners, investors are unwilling to take a position on a winner & what the ensuing economic policies will mean for the country.
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Call to aid Arab Spring economies
It is vital not to deprive Arab countries which have shaken off dictatorship of the financial support they need to thrive.
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Analysts: Budget should be shelved until after polls
The Egyptian Government has endorsed its budget for the coming fiscal year with a deficit forecast of LE140.3 billion.
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Egypt's Central Bank governor denies IMF talks: source
Official source says that CBE's governor was not in Washington for IMF loan talks.
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Egypt: Presidential Elections - the Economy
Egypt's economy has suffered short-term pain, but there's a chance for confidence to pick up after the presidential elections.
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Egypt’s FIHC agrees to buy 30,000 metric tons sunflower oil
FIHC bought the sunflower oil at $1,179.97 a ton from Louis Dreyfus, according to Abdel Sattar Soliman, the company’s vice chairman.
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Details of Egypt's 2012/13 state budget remain vague: Official
The particulars of next year's state budget – released this week by local media – 'lack accuracy and will be modified,' finance ministry source says.
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Foreign investments rise in Egypt
Investments from European Union states continue to predominate among the FDIs coming to Egypt in Q2.
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Egypt offers T-Bills after deficit-cut plan; Dollar bonds gain
The North African country will seek bids for six- and 12- month securities valued at 3 billion pounds and 3.5 billion pounds.