Mohamed Abdel Atty

Finance Ministry asks for loan from Arab Monetary Fund
Egypt

Finance Ministry asks for loan from Arab Monetary Fund

The Finance Ministry has asked the People’s Assembly Economic Affairs Committee at the People's Assembly (PA) to approve a LE250…
Investment in Egypt risky, says EU Commission official
Business

Investment in Egypt risky, says EU Commission official

European experts have warned of investment risks in Egypt, as the economy has been hit by numerous labor and political…
Textile workers call off strike as agreement is signed
Egypt

Textile workers call off strike as agreement is signed

The Egyptian government signed an agreement on Wednesday with workers in the spinning and weaving industry to increase incentives, one…
Authorities warn satellite channels against violating terms of licenses
Egypt

Authorities warn satellite channels against violating terms of licenses

The Egyptian authorities on Tuesday issued an official warning to ONTV and Dream TV, two major Egyptian satellite channels, for…
Sharaf: IMF to support Egypt’s infrastructure projects
Egypt

Sharaf: IMF to support Egypt’s infrastructure projects

Prime Minister Essam Sharaf said the IMF has decided to provide aid to Egypt to support infrastructure projects, without mentioning…
Egyptian contractors unable to compete for World Cup contracts
Business

Egyptian contractors unable to compete for World Cup contracts

Domestic contractors owed money by the Egyptian government are facing difficulties winning bids for infrastructure projects Qatar is planning for…
Sugar and petrochemical companies to work on plane fuel project
Egypt

Sugar and petrochemical companies to work on plane fuel project

Sugar production firms run by the Food Industries Holding Company (FIHC) agreed in principle with state-run petrochemical companies to launch…
New finance minister may call for budget amendments
Egypt

New finance minister may call for budget amendments

Egypt’s newly-appointed Minister of Finance Hazem al-Beblawy said he might submit a request to the ruling military council to accept…
Experts warn of negative credit ratings affecting foreign investment
Business

Experts warn of negative credit ratings affecting foreign investment

Economists have warned that negative credit ratings for the Egyptian economy would adversely affect foreign investment. The international rating agency…
Govt says it won’t relinquish national assets for debt relief
Business

Govt says it won’t relinquish national assets for debt relief

Egypt’s government has ruled out the possibility of ceding public assets and companies in return for debt relief. Minister of…
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