economy
IMF delegation arrives in Cairo to negotiate loan agreement
Business
January 16, 2012
IMF delegation arrives in Cairo to negotiate loan agreement
A delegation from the International Monetary Fund arrived in Cairo on Monday led by Massoud Ahmed, director of the IMF's…
As Egypt returns to IMF, transparency still lacking
Business
January 15, 2012
As Egypt returns to IMF, transparency still lacking
Though largely billed as the country’s best and last hope to balance a growing budget deficit and to alleviate a…
Brotherhood forms business association to attract investment
Business
January 11, 2012
Brotherhood forms business association to attract investment
The Muslim Brotherhood will form a business association to attract investment in Egypt’s economy, the group has announced. The Brotherhood…
Economy will recover once security is restored, say experts
Business
January 10, 2012
Economy will recover once security is restored, say experts
Economists have forecast that the Egyptian economy will recover once the security situation in Egypt returns to normal. “Restoring security…
ElBaradei unveils own crisis plan for Egypt’s economy
Egypt
January 8, 2012
ElBaradei unveils own crisis plan for Egypt’s economy
Presidential candidate Mohamed ElBaradei has outlined a strategy for Egypt's government to follow to lift the country out of economic…
Government divided over IMF loan
Business
January 3, 2012
Government divided over IMF loan
Government officials have issued conflicting statements regarding the economic reform program that was designed in return for a loan of…
A year in review: After a tough year, Egypt’s economic future still uncertain
Business
December 31, 2011
A year in review: After a tough year, Egypt’s economic future still uncertain
In 2011, the Egyptian economy took a pummeling from the revolution. In 2012, it looks like it will be coming…
Fitch downgrades Egypt credit rating over security, political conditions
Business
December 31, 2011
Fitch downgrades Egypt credit rating over security, political conditions
Fitch Ratings dropped Egypt’s credit rating by one notch to BB, which reflects the substantial and continuous erosion of Egypt's…
Activists challenge European Investment Bank’s ties to EFG Hermes
Business
December 29, 2011
Activists challenge European Investment Bank’s ties to EFG Hermes
The Egyptian investment bank EFG Hermes had Gamal Mubarak, once considered the next heir to Egypt’s presidency and now on…