Latest Business News
Egypt, IMF to cut budget deficit to 5.5% during 3-year funding programme
Primary agreement between IMF and Egypt; IMF executive board to determine timing…
IMF, Egypt reach agreement on 3-year $12bn extended fund facility
CBE’s aim to move to flexible exchange rate will strengthen competitiveness, says…
IMF Reaches Staff-Level Agreement with Egypt on a Three-Year US$12 Billion Extended Fund Facility
End-of-Mission press releases include statements of IMF staff teams that convey…
SFD finances projects with EGP 784.6m in Q1 of 2016
Projects in the commercial sector accounted for 60% of the total financed…
Pyramids archaeological development project 70% complete, scheduled for opening before year’s end
The new Visitors Centre will have a theatre to play a short…
51.2% decline in operational tourist vehicles in 5 years due to industry recession: ETAA
Capital spending on buses, safari vehicles, maintenance stations, garages reaches EGP 1.6bn…
Egyptians push growth of Sharm El-Sheikh hotel occupancies, tourist workers
South Sinai has 65,000 hotel rooms; Egypt has a total of 225,000…
7 legal offices compete to provide legal consultations for issuing international bonds
A governmental source said that seven Egyptian legal offices applied to act…
IMF loan is last option for Egypt to escape economic crises: experts
IMF-leveraged deal is mandatory; a refusal would lead to losing loan sources,…