economy

What’s next for Egypt’s economy?
Opinion

What’s next for Egypt’s economy?

Egypt’s army has put the country on a path to economic destruction.Not only will foreign investors stay away from Egypt…
Toyota, Suzuki halt Egypt production amid unrest – Nikkei
Business

Toyota, Suzuki halt Egypt production amid unrest – Nikkei

Toyota Motor Corp and Suzuki Motor Corp halted production in Egypt on Thursday due to political turmoil in the country,…
Some Egypt businesses thrive in crush of economic downturn
Business

Some Egypt businesses thrive in crush of economic downturn

Egypt's smaller companies have struggled since the uprising that pushed aside Hosni Mubarak in 2011. But in a few corners…
Why Egypt’s energy bill is higher than official figures suggest
Business

Why Egypt’s energy bill is higher than official figures suggest

Egypt’s energy bill, already a whopping $17 billion, is probably much higher than official figures suggest. The country is losing…
Local Development Ministry to bolster financing for micro-projects
Business

Local Development Ministry to bolster financing for micro-projects

Egypt's Minister of Local Development Adel Labib said on Wednesday that the ministry will continue to hand out short-term loans…
Egypt to receive $2 billion from Saudi this week, says minister
Egypt

Egypt to receive $2 billion from Saudi this week, says minister

The Central Bank of Egypt will receive a deposit worth US$2 billion from Saudi Arabia this week, according to Planning Minister…
UAE transfers US$ 3 billion to Egypt
Business

UAE transfers US$ 3 billion to Egypt

Central Bank of Egypt (CBE) Governor Hesham Ramez said the United Arab Emirates on Thursday transferred US$3 billion to the…
Stock market rises 0.95%, encouraged by Morsy’s speech
Egypt

Stock market rises 0.95%, encouraged by Morsy’s speech

Stock indexes recorded a collective increase of 0.95 percent at Thursday’s close, amid optimism among investors after President Mohamed Morsy’s…
The performance of the Egyptian economy under Morsy
Business

The performance of the Egyptian economy under Morsy

Mohamed Morsy, Egypt's first elected president since the 25 January 2011 uprising, has been in power for 12 months. His…
Egypt sees 3.8% growth in next fiscal year
Business

Egypt sees 3.8% growth in next fiscal year

Egypt said its economy would grow by 3.8 percent in the fiscal year starting in July as ministers outlined the…
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