Latest in Tag: Economics Highlight
Latest in Tag: Economics
Bartered bride
Philip Whitfield Brave reporting by Hamza Hendawi. His Associated Press copy from Dalga makes your blood boil. Morsi supporters are ethnically cleansing Christians in a town a hop skip and a jump from Tahrir Square. The police stand idly by while 20,000 Christian homes and businesses are torched. An Orthodox priestâs house is burned down. …
Saudi says IMF growth forecast too low
The IMF said this month that it expected growth in the largest Arab economy to drop to 4.4% in 2013 from 6.8% last year
Finance Minister: New reform plan for petroleum sector
Aim to provide electricity subsidies and ensure the safe transport of gas to factories
Finance minister requests aid from Saudi Arabia
Egypt asks for $500m in aid from Saudi Arabia to support its national budget
NSF condemns Suez Canal draft law
National Salvation Front raises five major concerns with proposed law regulating Suez Canal regional development
OCI reaches final settlement with Egyptian Tax Authority, will pay EGP 7.1bn
Onsi and Nasef Sawirs removed from travel ban list
Bakers arrested for Aswan strike
Four bakers arrested and released on EGP 200 bail for violence during a city-wide bakery strike
ElBaradei adopts youth-led reform initiative
The 120-page report will act as a whitepaper for the National Salvation Frontâs policy proposals and political actions
Egyptians released from Israeli penitentiaries call for Morsi to intervene
Ex-prisoners say they were poorly treated in Israeli facilities and claim that Egyptâs embassy and Foreign Ministry ignore the issue
US dollar soars to 8.25 Egyptian pounds on black market
New rate only weeks after hitting high at official exchange rates
IMF delegation returns to Cairo amid protests
Protestors marched from the High Court to the Cabinet to denounce the IMF loan
Egypt investment opportunities review
Investment minister Osama Salih set to review opportunities during Turkish-Arab Economic Forum
Thales Group wins Cairo-Alexandria railway upgrade
French company granted rights to install electric signals at an estimated cost of $270m
CBE: âForeign currency reserves did not declineâ
Egyptian Central Bank denies reports of commodity shortages, requests media to be cautious when discussing economic issues
Real estate market struggling
Cash flow problems as clients default on payments
EIPR puts forward daily wage workersâ demands
Egyptian Initiative for Personal Rights calls for providing daily wage workers with better work conditions
Annual PPP summit announces national projects to attract investors to Egypt
The plans are also aimed at fostering employment for Egyptian youths.
World Bank invests $250m, creates 250,000 jobs in Egypt
The project targets those who are incapable of finding a job, and labourers
Mahmoud Al-Garf: A new road map for industrial investments is being implemented
Daily News Egypt interviews Dr Mahmoud Al-Garf, president of the Industrial Development Authority (IDA)
Unemployment hits 13%
Labour force survey for Q4 2012 reveals growing rate of unemployment
Egypt’s consumer confidence dips nine points in Q4
Optimism for local jobs prospects declined nine points
Personal loans increase as inflation and price of goods rise
The value of personal loans made in November 2012 increased by EGP 900m from the month of October. The total value of loans in local currency was EGP 111.2bn for the month of November 2012, as opposed to EGP 110.2bn in October 2012. During the same period, loans made in foreign currency increased from EGP …
Canadian-Qatari business cooperation in Egypt
The agreement seeks to strengthen the economic ties between the three countries
Rebel Economy Wrap
Breather rather than a new equilibrium
Steel prices surge, traders call to remove tariffs
The rise of prices is also reflected in all other products in the Egyptian market, especially imported ones
Egypt seeks to meet energy needs
EGPC is seeking to buy 968 thousand tonnes of diesel to be delivered between April and June
Egypt: Banks attracting Gulf investors
By Robert Tashima Despite an uncertain political climate and a sluggish economic recovery, the long-term prospects of Egyptian banks are attracting attention from their Gulf counterparts. Two recently announced acquisitions have brought the sector back into the headlines on a positive note, helping offset a recent ratings downgrade. While the transactions also represent the …
Brent Crude Oil Prices Near $116
The jump represented the largest weekly increase in two months
Egyptian and French Business leaders agree to strengthen economic ties
Both sides recognised the need to strengthen economic ties given the long history of cooperation between Cairo and Paris.
Rebel Economy Wrap
Iraq Central Bank head suspended, Mubarak’s Laundromat