Mohamed Abdel Atty
Finance Ministry asks for loan from Arab Monetary Fund
Egypt
May 21, 2012
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
December 13, 2011
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
October 19, 2011
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
October 4, 2011
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
September 22, 2011
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
September 16, 2011
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
August 23, 2011
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
July 21, 2011
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
June 29, 2011
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
June 12, 2011
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…