News
-
Egypt pound hits record low after c.bank auction
The central bank said the cut-off price at the Tuesday auction was 6.4492 pounds to the dollar - a 0.5 percent fall from Sunday.
-
Egypt's finance minister is expert on Islamic economics
Al-Mursi Al-Sayed Hegazy, an expert on public finance and Islamic economics, was sworn in on Sunday as Egyptian finance minister.
-
Morsi manages Egypt’s economic decline
Nervana Mahmoud writes that Egypt’s economy today recalls the worst days of the 1970s.
-
IMF had 'productive' discussion with Egypt
Egypt first struck an agreement for a stand-by loan with the IMF in November, but Cairo postponed the formal end of the deal last month.
-
Sukuk in Egypt unleashed
Could sukuk, or Sharia-compliant bonds, be the answer to an ailing economy?
-
Egypt's gas supplies to Jordan back to "normal levels"
According to a Ministry of Energy source, the country’s Egyptian gas supplies returned to their full levels of 240 million cubic feet a day.
-
Egypt’s central bank fights hard against currency crisis
The Egyptian Central Bank’s relatively high dollar sales are not resulting in defending the local currency against the greenback.
-
Egypt shakes up Cabinet in move to spur economy
The reshuffle, which President Mohammed Morsi had promised in response to public anger over Egypt's economic malaise, affected two key ministries.
-
Egypt ready to complete IMF talks: new finance minister
Al-Mursi Al-Sayed Hegazy will meet with a senior IMF official who is visiting Egypt on Monday.
-
Changing destinations: 2012 has seen shifts in travel habits
The industry has a workforce of millions and is one of the nation’s largest sources of foreign currency.
-
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.
-
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.
-
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.
-
Egypt economy sputters in democratic era
Currency sinks and government warns of tax hikes as post-regime Egypt endures onslaught of fiscal woes.
-
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.
-
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.
-
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.
-
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".
-
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.
-
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.