economy

Egypt turns to illegal buildings to tackle housing crisis
Business

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…
PM: Egypt will fix the economy but don’t expect miracles
Egypt

PM: Egypt will fix the economy but don’t expect miracles

Egypt's Prime Minister urged the country's citizens not to expect instant results from large-scale infrastructure projects the government has embarked…
Egypt planning minister calls for legal review, ‘economic revolution’
Business

Egypt planning minister calls for legal review, ‘economic revolution’

Egypt needs an "economic revolution" to recover from damage caused by political instability as it seeks to attract billions of…
Egypt central bank keeps rates on hold, monitoring risks from global growth jitters
Business

Egypt central bank keeps rates on hold, monitoring risks from global growth jitters

Egypt's central bank kept its main interest rates unchanged at a policy meeting on Thursday but said it was keeping…
Egypt to reduce time and cost of container release at customs ports
Business

Egypt to reduce time and cost of container release at customs ports

Egypt plans to reduce the time and cost of container release in a move to improve performance levels at customs…
Minister: Growth rate to reach 5-6 percent in three years
Business

Minister: Growth rate to reach 5-6 percent in three years

The growth rate in the 2013-2014 fiscal year will reach two percent, said Finance Ministry Hani Qadri, describing it as low, but…
20 percent increase in container traffic in 2014
Business

20 percent increase in container traffic in 2014

An official report has monitored a 20 percent increase in the container traffic of Egyptian ports in 2014 compared to…
European Bank allocates US$50 million to investment projects in Egypt
Business

European Bank allocates US$50 million to investment projects in Egypt

Hildegard Gacek, director of the southern and eastern Mediterranean department of the European Bank for Reconstruction and Development, said the…
CBE opens new account to support Egyptian economy
Business

CBE opens new account to support Egyptian economy

Central Bank of Egypt Governor Hesham Ramez said a new account dubbed Long Live Egypt 037037 has been opened to…
Egypt funding crunch slowing food payments again
Business

Egypt funding crunch slowing food payments again

 Egypt's financial crisis is hindering payments for food commodities as banks and traders say some of the funding problems which…
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