Fitch confirms Egypt’s “B” rating, outlook is stable
Budget deficit expected to decrease to 11.6% of GDP in FY15, in comparison to the 17.5% of GDP recorded in FY14, Fitch noted
Latest in Tag: grants Highlight
Latest in Tag: grants
External debt declines to $39.9bn in March: CBE
March’s figures compare to June 2014, where debt amounted to $46.1bn
Egypt repays Qatari deposit worth $2.5bn: CBE governor
Governor also downplays negative effects on foreign currency reserves
Government to begin 2nd and 3rd phase petrol distribution system implementation: Cabinet
Cabinet economic group agrees on new oil agreements with minimum investments of $1.3bn
Petroleum ministry proposes petrochemical projects worth $540m to UAE
Egypt has proposed three petrochemical projects to the UAE for a total investment of $540m, according to a senior official at the Ministry of Petroleum. The projects included establishing a factory to produce bio-ethanol from molasses, the output of which would reach 100,000 tonnes of molasses annually, with investment in the project totalling $250m. The …
AFDB to increase lending programme to Egypt in 2015
African Development Bank says it will continue providing assistance to Egyptian government in the form of loans and grants
Threat of terrorism still present in the region: Foreign minister
United Arab Emirates praises recent Saudi decision to list the Brotherhood as a terrorist organisation
Fahmy meets Kuwaiti counterpart, discusses Syria
The Gulf country has recently announced measures to boost the Egyptian economy
The ballot box and the banks
In the wake of the contentious ousting, debate over the nature of what has past must come to an end in time to move successfully into the future. In the meantime, the west waffles over Egypt while the Gulf has wasted no time making its position clear.
Review: Commentaries advise government to prioritise duties
Columnists condemn the poor performance of Hesham Qandil’s government in the wake of a series of sad incidents that took place last week. Some writers are asking the cabinet to pay extra attention to the basic needs of the poor, instead of focusing on endless internal political disputes. What does the poor want from …
