economy
London lord mayor in Cairo for talks on bilateral cooperation
Business
October 4, 2011
London lord mayor in Cairo for talks on bilateral cooperation
London Lord Mayor Michael Bear arrived in Cairo Tuesday morning, leading a delegation on a visit to Cairo that will…
Egypt might go bankrupt in 6 months, ElBaradei warns
Egypt
October 4, 2011
Egypt might go bankrupt in 6 months, ElBaradei warns
Egypt might face bankruptcy within six months, Egyptian reform advocate and presidential hopeful Mohamed ElBaradei warned on Monday. During a…
Is the military council leading Egypt toward an economic crisis?
Business
October 3, 2011
Is the military council leading Egypt toward an economic crisis?
Unless serious reforms are made now, the economy could be headed toward a crisis scenario, as more job seekers enter…
Finance Minister: Borrowing is the solution for financial crisis
Business
October 3, 2011
Finance Minister: Borrowing is the solution for financial crisis
Local or foreign borrowing is the immediate solution to the financial crisis in Egypt, Finance Minister Hazem al-Beblawy said on…
Abouel Fotouh: I will choose Coptic vice president if I win
Egypt
October 2, 2011
Abouel Fotouh: I will choose Coptic vice president if I win
At a rally in Aswan on Saturday, presidential candidate Abdel Moneim Abouel Fotouh said he would appoint a Copt as…
Tantawi to inaugurate 3 factories in Fayoum on Sunday
Egypt
October 1, 2011
Tantawi to inaugurate 3 factories in Fayoum on Sunday
Field Marshal Hussein Tantawi, head of the Supreme Council of the Armed Forces (SCAF), will inaugurate on Sunday three factories…
Egypt falls 13 slots on Global Competitiveness Index
Business
September 28, 2011
Egypt falls 13 slots on Global Competitiveness Index
Egypt went down from number 81 last year to number 94 on the 2011 Global Competitiveness Index, which lists a…
Egyptian stock exchange suffers fifth worse loss on record
Business
September 28, 2011
Egyptian stock exchange suffers fifth worse loss on record
The Egyptian stock exchange on Wednesday lost more than LE10 billion, the fifth biggest one-day loss in the country's history.
Finance minister: Subsidies are Egypt’s greatest enemy
Business
September 25, 2011
Finance minister: Subsidies are Egypt’s greatest enemy
Subsidies are Egypt's greatest enemy in the transitional period, Finance Minister Hazem al-Beblawy has said, claiming that the government is…
Egypt asks US business for help, urges investment
Business
September 24, 2011
Egypt asks US business for help, urges investment
WASHINGTON - Badly in need of cash flow, Egypt appealed on Friday to the US business community to help the…