CAIRO: Egypt's finance minister said on Tuesday that tourism was showing signs of recovery and the country's foreign reserves of about $26 billion were adequate although it could tolerate a lower level if they fall.
Finance Minister Hazem (...)
CAIRO: Egypt's government will protect investors exposed to a dispute over a sale of state land to Talaat Moustafa Group (TMG) and ensure similar cases do not occur in future, government ministers said on Monday.
Shares in TMG, Egypt's biggest (...)
CAIRO: Egypt aims to tap the Eurobond market for $1 billion-1.5 billion in weeks, the first such issue since 2007, the Finance Ministry said on Friday.
The markets are favorable. There is a huge demand from investors in London, New York and Asia, (...)