News
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IMF official to visit Egypt to discuss $4.8 billion loan agreement
The IMF's Middle East and Central Asia director, Masood Ahmed, will meet Egyptian authorities to discuss the most recent economic developments.
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Fitch: New Egypt FX regime positive step in tough circumstances
A more market-determined exchange rate, arising from the central bank auction system introduced on 30 December, is potentially positive.
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Egypt to replace finance and interior ministers: agency
The state agency said 10 new ministers would take the oath of office on Sunday for portfolios including electricity, environment and others.
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Egypt economy sputters in democratic era
Currency sinks and government warns of tax hikes as post-regime Egypt endures onslaught of fiscal woes.
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Egypt set to build first nuclear power plant; completes RFP
The nation's nuclear program aims to establish four power plants to produce a total of 4000MW by 2025.
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ElBaradei: Show me a faltering economy & I will show you a fractured society
In an earlier post, the Nobel Laureate urged Egyptian youths, whom he described as those who he has always had faith in, to keep up the fight.
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Egypt, Kenya, Nigeria rated world’s most profitable stock markets
The rise of the Egyptian stock market has been largely tied to prospective political progress in the country.
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Egypt stops Centamin gold shipment because not approved-agency
Centamin has filed a complaint to Egypt's prime minister against what it called "the intransigence of officials at the customs authority".
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Zaazou probes means to boost cooperation with Saudi Arabia
Zaazou and Qattan discussed ways of boosting joint cooperation, with firm eye to the Hajj and Umrah seasons.
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Mursi's Brotherhood may pay price for Egypt currency fall
Though the prices of state-subsidised basics will stay the same, the cost of other imported goods is about to go up.
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Egypt's sukuk draft law rejected by Al-Azhar
The bill of Sukuk was rejected because "it is not compliant with Shari'ah rules and threatens the state sovereignty," said the institute.
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Egypt plans to double non-oil exports to U.S.: Trade Minister
Egypt aims to "create new opportunities for exports through cooperation with retail chains in the United States," the minister stated.
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Egypt minister says pound will not hit 7 vs. dollar
"I expect that within a month or a month and a half matters will stabilise completely," Finance Minister Mumtaz al-Saeed said.
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Egypt budget deficit expected to widen to 200 bln pounds: agency
Egypt's budget, released in July, had forecast a 2012/13 deficit of 135 billion pounds.
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Arab tourism in good shape
The number of Saudi tourists visiting Egypt has increased remarkably for the second year in a row.
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Criminal investigation against Bassem Youssef accused of insulting Morsi
Muslim Brotherhood lawyer filed a lawsuit asking the state to pull Bassem Youssef’s show off the air and to close down the channel.
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Telecom Egypt awaits regulator decision on Vodafone stake
Telecom Egypt awaits a decision on whether it will be forced to divest its stake in Vodafone Egypt in order to launch its own mobile service.
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Egypt's Bourse ends 2012 as third best-performing exchange worldwide
Egypt's exchange registers a 50.8 per cent year-to-date increase, becoming world's third best-performing stock market this year.
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Prospect of Egypt’s economy between reassurance, warnings
The reality of Egypt’s economic situation has been a vague picture amid the reassurance of President Mohamed Morsi and economists’ warnings.
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Egypt's Morsi sees pound stabilising “within days”
“The market will return to stability,” President Mohamed Morsi said in remarks during a meeting with Arab journalists.