Egypt has not received any of the financial assistance pledged by the G8 group of nations at their last meeting, Prime Minister Kamal El-Ganzouri stated at a press conference on Thursday convened at Egypt's General Authority for Investment.
"We've (...)
When Samir Radwan went to Washington last week his 'to do' list was short but daunting.
With Egypt's economy tottering, the country's Finance Minister had flown out as part of an Egyptian financial delegation in search of US$10 billion of funding (...)
A Saudi tourism giant says it is considering running its central Cairo hotel itself following a bitter dispute with Hyatt Hotels over alleged mismanagement during the revolution.
"We are still in arbitration and the hotel will keep the Hyatt (...)
Egypt's annual urban inflation unexpectedly fell to 10.18% in November 2010 from 10.97% in October 2010, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
The drop comes to an unexpected fall in annual food price, (...)
A hike in global sugar priceshit Egypt at a time when the local market already faces a shortage. Prices went up by 30% last week andsugar companies predict prices will remain high until 2011. Critics and analysts have been asking who is to blame. (...)
Egypt scored a $3.36 surplus in its Balance Of Payment, despite a continuing decline in its exports, Suez Canal receipts and Foreign Direct Investment. The Central Bank of Egypt's latest figures show a shift to a suplus from a deficit of $3.38 (...)
Amidst the backdrop of lingering allegations of monopoly in Egypt's iron and steel industry, the government has announced it will give priority to new competitors, following its open call for bids on licenses for the production of 2 million tons for (...)
Institutions' demand for Amer Group shares is three times the amount offered, as they covered by 305 per cent in the Group's private placement. A press release by Beltone Financial said that the final price of share will be set at LE2.8. Osama (...)