economy

London lord mayor in Cairo for talks on bilateral cooperation
Business

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

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

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

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

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

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

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

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

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

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…
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