economy
Eurozone growth outlook slashed in new blow to recovery
World
November 4, 2014
Eurozone growth outlook slashed in new blow to recovery
The EU sharply cut its growth forecasts for the eurozone on Tuesday, warning that France and Italy remain huge problems…
Growth in Egyptian business activity slows in October
Business
November 4, 2014
Growth in Egyptian business activity slows in October
Business activity in Egypt expanded in October for the third straight month, a survey showed on Tuesday, but the pace…
Egypt’s Arabian Cement agrees joint venture with Brazil’s Cementos La Union
Business
November 4, 2014
Egypt’s Arabian Cement agrees joint venture with Brazil’s Cementos La Union
Egypt's Arabian Cement has entered a joint venture for cement grinding with Brazil's Cementos La Union worth 23 million Euros(28.76…
IMF to hold consultations with Egypt on Article IV next week
Business
November 1, 2014
IMF to hold consultations with Egypt on Article IV next week
The International Monetary Fund (IMF) has announced that it will send a mission to Egypt, led by chief Chris Jarvis…
Egyptian-Russian alliance on global logistic center for grains investment
Business
October 30, 2014
Egyptian-Russian alliance on global logistic center for grains investment
A leading Russian investment company offered to set up an alliance with Egypt to participate and invest in the Global…
World Bank: Egypt rises one place to 112th in 2015 Doing Business ranking
Business
October 29, 2014
World Bank: Egypt rises one place to 112th in 2015 Doing Business ranking
Egypt rose a place in the global rankings, due to improvements in its business environment in 2014, according to a…
Greek diplomat: 100 large Greek companies plan investments in Egypt
Business
October 26, 2014
Greek diplomat: 100 large Greek companies plan investments in Egypt
Economic and Commercial Counselor at the Greek Embassy in Cairo Evangelos Dairetzis revealed that 100 large Greek companies plan to…
Finance minister: Egypt considering $1.5 billion foreign bond as it repairs economy
Business
October 24, 2014
Finance minister: Egypt considering $1.5 billion foreign bond as it repairs economy
Egypt could tap international bond markets to raise up to $1.5 billion next year to shore up its finances and…
Mehleb: US$12 billion in international arbitration cases against Egypt, our position is ‘weak’
Business
October 23, 2014
Mehleb: US$12 billion in international arbitration cases against Egypt, our position is ‘weak’
Prime Minister Ibrahim Mehleb said Wednesday that the total number of international arbitration cases filed against the government amounted to…
Egypt turns to illegal buildings to tackle housing crisis
Business
October 22, 2014
Egypt turns to illegal buildings to tackle housing crisis
Egypt plans to offer cheap loans for completing apartments in unfinished buildings thrown up illegally across its cities, hoping to…