Egypt’s net foreign assets fell to new low since President Mohamed Morsi assumed office last year
Latest by Nada Badawi
Hamed also announced his plans to hold talks with Central Bank of Egypt Governor Hisham Ramez to raise the fund portfolio of “Bidaya” to EGP 500m instead of EGP 130m, in order to finance small and medium sized enterprises.
Loan delayed by inconsistent implementation of subsidy cuts and tax hikes
Egypt may be bumped from “emerging market” to “frontier market” on lack of liquid investments
Experts express concerns over Egypt’s alarming internal debt
GASC said the shipment contained high levels of ambrosia seeds, violating terms of agreement with the US
Workers in the retail sector say prices for most products have increased significantly in recent months, due to increases in the price of the US dollar.
The same day in Menufiya, a policeman was injured after residents blocked the Cairo-Alexandria road, in protest against the failure to secure fuel quotas which were promised by the governor.
IMF held up by lack of signs of political consensus over the $4.8bn
$3bn gas swap deal delayed by legal details
“The fact that there’s a general trend of expansion happening is a positive step for the banking sector in Egypt,” said Hesham Shawqi, head of the investment sector at Arab Investment Bank in Cairo.
Analysts say increase is ‘temporary’
Sun and sand tourism gradually picks up, as street protests are concentrated in urban cities away from beach coasts
PayPal’s CEO of MENA region Elias Ghanem spoke to Daily News Egypt about PayPayl’s operations in Egypt
79,285 tonnes of locally-produced wheat distributed so far this year
Last year, the budget deficit reached EGP 134.996bn.
Steve Hamilton-Clark, CEO of Taylor Nelson Sofres’ (TNS) MENA office, spoke to Daily News Egypt about the company’s activities and the challenges facing its clients.
Initiative viewed as superficial by industry experts
Ministry of Aviation considers shutting down runways
The group of advisors for the Suez Canal development project had resigned last month
Country slides 13 places in global competiveness survey
Reform measures hampered by unrest and lack of political support for plans
The president’s trip earlier this month was focused on finding economic opportunities and strengthening bilateral relations between Egypt and Brazil.
Minister of Petroleum plans to increase fuel production in attempt to meet demand and address nationwide electricity crisis
The multinational corporation plans forum to encourage marketing agencies to join “Engage for Agencies” programme
The International Monetary Fund also projects the country’s budget deficit to shrink to 8.7% in 2014
Iconic department store’s sale to Saudi businessman had been invalidated because of unfair sale price
Banking figures dissatisfied with Shura Council’s decision to raise taxes on loan loss provisions, likely to affect investments
The details of the transaction and its price have not been disclosed.
Egypt’s currency continues to devalue despite attempts by Central Bank to slow the decline with foreign currency auctions