Israeli escalation in Gaza amid warnings of humanitarian collapse    Tax revenues surge over 40% without new burdens: ETA chief    Egypt's public-private partnership investments hit EGP 19.8bn in FY 2023/2024: Tahoun Consulting    Egypt's PM attends Gabon president's inauguration after election win    Egypt's Abdelatty, US Advisor Boulos hold call on Africa, Middle East stability    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    EU ambassador commends Aswan's public healthcare during official visit    Agricultural Bank of Egypt offers 5-year livestock loans at 5% to support small farmers    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    EGP closes high vs. USD on Wednesday    Euro area GDP growth accelerates in Q1'25    Germany's regional inflation ticks up in April    Germany among EU's priciest labour markets – official data    Taiwan GDP surges on tech demand    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Egypt to boost marine protection with new tech partnership    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt FM affirms full support for Somalia's unity, security    Central Bank of Egypt meets Chinese delegation to enhance bilateral relations    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Farah Atia
World Bank to fund electricity generation
The World Bank says it has approved a $585.4m loan to finance Egypt's Helwan South Plant Project, a new gas-fired power plant that will contribute up to 10%to new electricity generation nationwide. "The plant is to be added by 2018 and will help (...)

01 - 07 - 2013
Egypt's stock market rises amid anti-regime protests
Egypt's benchmark index closed with a rise of 1.43% on Sunday, despite mass protests seeking to topple President Mohamed Morsi on the first anniversary of his inauguration. This rise followed the Central Bank of Egypt's announcement on Thursday that (...)

30 - 06 - 2013
IT market grows despite economic constraints: report
"Egypt's IT market has a bright medium-term outlook but is facing constraints in 2013 as fiscal consolidation, currency depreciation and credit shortages limit spending," a report by Business Monitor International (BMI) said. "Even in this difficult (...)

27 - 06 - 2013
Egypt's shift to large fuel suppliers "normal", experts say
Fuel experts regard Egypt's diversion to Swiss trading houses for fuel "normal" as the country's compiling debt and thinning international currency reserves have prompted smaller firms to stop delivering. "This is a normal scenario in this situation (...)

24 - 06 - 2013
Fall in index woos foreign investors
The downward spiral continues for Egypt's benchmark index, the EGX 30, ahead of protests slated for 30 June, pushing Egyptian investors to sell amid concerns of falling share prices. Meanwhile, foreign investors seem to be more optimistic about (...)

16 - 06 - 2013
Foreign direct investment dries up
Egypt is seeing a mass exit of foreign direct investments (FDIs) amounting to around $140m from about 10 countries, according to a report by the General Authority for Investment and Free Zones. "Delayed completion of an economic reform plan which (...)

13 - 06 - 2013
India offers Egypt post-revolution lessons
The School for Global Affairs and Public Policy (GAPP) at the American University in Cairo, the Embassy of India in Cairo and the Observer Research Foundation in Delhi concluded a two-day Egypt-India Dialogue on Monday. The event drew lessons from (...)

11 - 06 - 2013
Egypt sells $3 billion in bonds at a 3% rate to Qatar
Egypt, which is grappling with the Middle East's biggest budget deficit, will issue the second tranche of the $3bn international bonds targeting Qatar in early July, after the interest on the 3-year debt was pulled down to 3% from 3.5%. "The lower (...)

10 - 06 - 2013
IMF claims progress in loan negotiations
The International Monetary Fund (IMF) said it is "making good progress" in technical discussions with Egypt over a much-debated $4.8bn loan. "We're making good progress in our technical discussions with the Egyptian authorities and we look forward (...)

08 - 06 - 2013
CAPMAS says 9.3% of children work
About 9.3% of Egypt's children as young as five work, according to a report by the Central Agency for Public Mobilisation and Statistics (CAPMAS), suggesting shortcomings in legislation to prevent child labour. According to the report, issued ahead (...)

05 - 06 - 2013
OCI N.V. proceeds with the purchase of Orascom Construction Industries
Orascom Construction Industries S.A.E (OCI), the biggest listed company in Egypt's stock exchange, was the third biggest gainer in Tuesday trading, as it received a tender offer from its Dutch-based mother company to buy the 30% stake in (...)

04 - 06 - 2013
Orascom Telecom's shares drop after Altimo withdraws bid
Shares of Orascom Telecom Holding dropped the most in six months after an announcement made by Altimo's Mikhail Fridman that he will not acquire a 16% stake in the mobile phone company. The Egyptian Financial Supervisory Authority (EFSA) had (...)

03 - 06 - 2013
Mismanaging the fuel crisis
Egypt's gasoline stations continue to face bottlenecks, adding to the challenges of a government whose measures fall short of meeting mounting demand as smuggling and black markets continue. Egypt's fuel situation is worrisome and needs sound (...)

02 - 06 - 2013
Inflation hikes to 8.1% in April on currency slide
Egypt's urban inflation accelerated to 8.1% in April compared to 7.6% in March as the government faces mounting pressure from the International Monetary Fund to lift fuel subsidies to secure a much-needed $4.8bn loan. According to a report by the (...)

01 - 06 - 2013
Egypt's rising private consumption lures Gulf investors
Egypt's rising consumer expenditure, driven by its fast-growing population, has become a big attraction for Arab Gulf investors eyeing opportunities in the Arab world's most populous nation. According to an analysis by the CAPMAS 2011 Household (...)

29 - 05 - 2013
Orascom Telecom's shareholders turn down buyout bid
Only 16 % of Orascom Telecom Holding's shareholders accepted the offer by Russian billionaire Mikhail Fridman who sought a minimum of 26% of shares by yesterday's deadline to gain full control over the company. Fridman's Altimo Holdings & (...)

28 - 05 - 2013
New Central Bank Regulation to hit local money markets
The Central Bank of Egypt is cutting down the amount that banks are able to invest from their tier 1 capital in the local money market from 5% to only 2%. “It seems like a random decision," said Yousef Kamel, fixed income analyst at Rasmala. “The (...)

21 - 05 - 2013
Forex auctions carry on
The Central Bank of Egypt continues to hold foreign exchange auctions, with $38.4m sold yesterday at EGP 6.972 cut-off price to the US dollar. In the previous auction on Thursday, $38.5m were sold at a cut-off price of EGP 6.9660 to the dollar. The (...)

21 - 05 - 2013
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