Actis invests $102m to acquire 30% of Egypt’s Edita Food Industries
Global firm expresses optimism towards snack food market, citing young and growing population
Subsidies budget cut by 11.7% year on year in 3Q 2012/2013: minister of planning
Subsidies for petroleum products totaled 62% of all subsidies for the third quarter, with an additional 31% going towards supply products.
Finance minister proposes raising energy subsidies for 2013/2014 budget
Once the card owner depletes their allotment of the subsidized fuel, they will then be forced to pay market prices.
Supply minister announces 15% cut in foodstuff prices during Ramadan
Attempt at price controls comes in the face of already high inflation and an anticipated boost in consumer spending during the holy month
NBE approves $1bn loan to Egyptian General Petroleum Corporation
EGPC has to obtain a guarantee from the Ministry of Finance.
Egypt’s shift to large fuel suppliers “normal”, experts say
Egypt forced to change fuel suppliers as debt compiles
Egypt negotiating $500m loan with Saudi Arabia
Darrag told Reuters that, “the loan will come as part of a Saudi finance package provided to Egypt, lent at 3% interest, and set to be paid back over a…
Democracy Index: 9427 protests during Morsi’s first year
NGO releases detailed report about all forms of protest against president
Egyptian-Ethiopian dialogue continues
Ethiopian delegation in Cairo to meet with Egyptian foreign ministry officials
Al-Sisi’s remarks reverberate in opposition, Brotherhood
President Morsi meets with Al-Sisi after his controversial statements on renewed military intervention in politics
