News
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Fitch downgrades Egypt's credit rating
The downgrade reflects several factors, including a worsened fiscal position, Fitch said in a statement.
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Cooperation agreement between Libya and Egypt
The agreement includes training courses in media and publishing as well as cooperation in archaeology.
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Egypt's big businesses feel neglected amid turmoil
Some of Egypt’s biggest employers have criticized the government for undermining the economy and the role of larger multinational companies.
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Mursi due in Germany on visit shortened by Egypt crisis
Mursi cancelled plans to go on to Paris from Berlin and will instead hurry back to Cairo later in the day.
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Egypt Military Chief warns of collapse of state
Al-Sissi warned that the political, economic, social and security problems facing Egypt constitute a threat to the country’s security and stability.
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Egypt c.bank head: Target is a regulated dollar market
Ramez denied targeting a certain rate for the dollar, pointing out that he is seeking to have a well-regulated market.
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Egypt pound slides on IMF loan worries
The pound has now lost 7.5 percent of its value against the dollar since the central bank began auctions at the end of December.
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Egypt protesters come to aid of ransacked Intercontinental hotel
Armed groups break into Semiramis hotel off Tahrir Square, shoot at employees and guests; anti-government demonstrators ward off looters.
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Egypt hotels enjoyed strongest growth in Mideast in 2012
Hotel performance improved in many parts of the Middle East in 2012, with cities such as Cairo and Amman enjoying strong bounce backs.
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Egyptian economy needs a miracle and not just an IMF loan
Technically in a recession, the country has experienced an extended period of slow growth, a big budget deficit and other problems.
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Vodafone under fire over unmet Egypt pledges
Vodafone has been criticised for sweeping its controversial behaviour during the Egyptian uprising “under the carpet”.
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Egypt's national dialogue begins
Egypt's main opposition bloc, the National Salvation Front (NSF), announced at a press conference its refusal to Morsi' s call for dialogue.
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As Egypt's economy suffers, Gulf money moves into banking sector
With the completion of the recent National Bank of Dubai purchase of BNP Paribas Egypt, there are now six Emirati banks operating in Egypt.
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Defterios: Why Egypt's transition from its Arab Spring is so painful
CNN's Emerging Markets Editor and anchor of Global Exchange John Defterios talks about Egypt from Davos.
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Egypt Shura Council approves Ramez nomination for Cen. Bank
Egyptian upper house of parliament confirms Hisham Ramez as new governor of Central Bank of Egypt by majority rule.
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The Politics of Global Recovery in 2013
Could 2013 be a better year for the global economy? The answer, in principle, is yes. In practice, however, the answer could be more depressing.
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Opinion: KSA & Egypt achieve goals of the Arab Economic Summit
Egypt and Saudi together make up half the economy of the Arab world - can they establish an economic unity?
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Morsi’s on-the-job education may be Egypt’s best bet
Is it time for a new revolution due to the collapsing economy? Economist Mohsen Bagnied doesn’t think so.
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Egypt's army sent in after 27 die in Port Said protest
At least 27 people were killed in violence triggered by death sentences imposed on those found guilty of the worst football massacre of recent years.
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Egyptian economy after two years of revolution
Before the uprising, Egypt’s GDP was growing at five percent, but it declined from four percent in the fiscal year 2010/2011 to 2.2%.