Cabinet To Restructure Debts Owed By Public-Sector Firms: Osama Saleh
The Minister of Investment Osama Saleh stated that the Egyptian government plans to restructure the debts owed by…
Browsing Tag
Egypt’s economy
Egypt Awaits IMF Mission By End Of Oct.
The Egyptian Prime Minister Hesham Kandil stated in his opening speech at the Euromoney Conference that the…
Egypt Eyes 4.3% Growth Rate In FY 2012/13: Hesham Kandil
The Egyptian Prime Minister Hesham Kandil has inaugurated the Euromoney Conference today in Cairo where top…
Egypt, Qatar Sign Contract For 2nd Deposit Tranche Worth $500 Mln
The Minister of Finance Momtaz El-Saeed announced finalizing the executive procedures for the $ 500 million second…
Egypt Current Account Gap Widens; Capital Outflows Increase
Egypt’s current account deficit widened 30 percent to $7.9 billion in the fiscal year that ended in June, and…
Egypt’s Foreign Reserves Rose US$ 700 Mln On Qatari Deposit
Egypt’s foreign cash reserves rose by US$ 700 million, registering US$ 15.1 billion in August, up from US$ 14.4…
Egypt’s Trade Deficit Rose 10.2% In May 2012
The Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) showed that the trade deficit rose by…
High Return On T-Bills Improves Banks’ Profits in H1: Bankers
The financial statements of a number of banks showed a relevant increase in the first half of 2012, marking the…
Egypt Likely To Ask For US$4.8 Bln Loan From IMF
Egypt will discuss the possibility of a bigger-than-expected $4.8 billion loan from the International Monetary Fund…
Egypt Signs US$200 Mln Financing Agreement With World Bank
Egypt will sign a financing agreement amounting to US$ 200 million with the World Bank. Ashraf Al Araby, Minister…
