Egypt
Egypt to submit letter of intent to IMF within three days -fin min quoted
Business
November 7, 2016
Egypt to submit letter of intent to IMF within three days -fin min quoted
Egypt will submit within two or three days a letter of intent to the International Monetary Fund for a $12…
Egypt delays third LNG terminal until electricity needs determined – official
Business
November 7, 2016
Egypt delays third LNG terminal until electricity needs determined – official
Egypt will delay plans to rent a third liquefied natural gas import (LNG) terminal for one month, until the ministry…
Egypt government says no talks with Iran over oil
Business
November 7, 2016
Egypt government says no talks with Iran over oil
Egypt petroleum ministry denied Reuters report on Minister Tarek El Molla visiting Iran for oil talks after Saudi Aramco suspended…
New fare for micro-bus, taxi after fuel prices increase
Egypt
November 6, 2016
New fare for micro-bus, taxi after fuel prices increase
Egypt's raise in fuel prices made new hikes to transportation fares all over the country, with the government pledging to…
US dollar at LE16, shortage continues
Business
November 6, 2016
US dollar at LE16, shortage continues
The US dollar has reached a new level, being sold at LE16 at Egyptian banks on Sunday, as banks began…
Brotherhood to use ElBaradei’s statement in suing officials behind Rabaa dispersal
Egypt
November 6, 2016
Brotherhood to use ElBaradei’s statement in suing officials behind Rabaa dispersal
The banned Muslim Brotherhood group is seeking to use a statement made by former vice president Mohamed ElBaradei to sue…
No quick portfolio inflows due to Egypt devaluation, fund managers say
Business
November 6, 2016
No quick portfolio inflows due to Egypt devaluation, fund managers say
Egypt's currency devaluation may eventually bring foreign money into the country, but fund managers say uncertainty about the economy means…
Egypt banks to lift limits on use of credit cards abroad
Business
November 6, 2016
Egypt banks to lift limits on use of credit cards abroad
Two days after Egyptian pound devaluation, banks working in Egypt started to review restrictions on the use of credit and…
Terrorist group claims responsibility for failed assassination attempt on judge who tried Morsi
Egypt
November 6, 2016
Terrorist group claims responsibility for failed assassination attempt on judge who tried Morsi
A terrorist group calling itself the Hasm Movement, affiliated with the banned Muslim Brotherhood group, said it was behind the…
Hungry for dollars after float, Egyptian banks offer market rates
Egypt
November 5, 2016
Hungry for dollars after float, Egyptian banks offer market rates
Hungry for dollars after the central bank floated the pound on Thursday, Egyptian banks are offering market rates for the…