Fears over rising dollar price amid planned protests
Banking expert Bassant Fahmy said she does not expect dollar prices to increase.
Read More →EU aid to Egypt under attack
Minister of Planning and International Cooperation Amr Darrag discussed a €200m grant to support Egypt’s public budget (currently running a 10.6% of GDP deficit) with EU delegation head James Moran
Read More →Investment minister aims for 7% growth in two years
Following the revolution, the Egyptian economy registered lower growth rates compared to the pre-revolution average, recording 1.8% in the fiscal year of 2011-2012. The rate rose minimally to 2.2% in 2012-2013.
Read More →Minister pursues petroleum projects with APICORP
Petroleum minister says there are a number of projects in Egypt for which APICORP qualifies
Read More →Saudi Arabia cuts Egyptian visas to Mecca
The Saudi government cited ongoing infrastructural projects in the holy city of Mecca as the primary cause for the cut.
Read More →Investment Council chairman: tax increases acceptable if fair and just
Hamdi Rashad said the government, and ministers in particular, needed to take tangible steps to address the country’s economic problems.
Read More →Stock exchange to continue as normal amid protest speculation
Omran: Upcoming June 30th protests will not cause us to place additional precautionary measures on Egypt’s stock exchange
Read More →Islamic Development Bank eyes Egypt potential
The IDB and Egypt recently met to discuss future collaboration, with potential for tripartite cooperation with other African countries.
Read More →Egyptians invest $50m in Ethiopia amid escalating tensions
Ethiopia calls Nile “a source of cooperation…or a potential stumbling block”
Read More →Assets plunge EGP 28.2bn end of March
Egypt’s net foreign assets fell to new low since President Mohamed Morsi assumed office last year
Read More →Ministers explore coal as substitute to natural gas
The aim of the committee is to study how coal can be used as an energy supplement to meet the needs of the industrial plants such as producers of electricity and cement
Read More →Egyptian Railways calls on citizens not to block railway lines
Blocking railways went against the interests of citizens who suffer from constant delays within the transportation sector
Read More →MSCI: No intention to downgrade bourse
Emerging markets index has no plans to delist Egypt, but monitoring developments closely
Read More →Egypt, Qatar resume gas negotiations
The transport and logistics of the shipments are currently under discussion between the two countries.
Read More →Egyptian banks to keep their doors open through 30 June protests
Some banks convene meeting to form emergency plans, intensify security in case of upheaval
Read More →Fall in index woos foreign investors
Non-Arab foreigners net buyers of EGP 236m ($34m) of shares so far in June
Read More →JVs to bid on Suez Canal development
25 Egyptian and international joint ventures bid for contracts to implement the Suez Canal Development Project
Read More →Investment minister proposes ‘treasury’ project
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.
Read More →Egypt negotiates end to international disputes
The government is currently engaged in international commercial and legal disputes
Read More →New Israel, Palestinian finance ministers in first talks
Both sides said that the initial aim was to relaunch regular meetings on technical issues such as crossing points; fuel, power and water supplies to the Palestinians; and payment for treatment of Palestinians in Israeli hospitals.
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