Business - Economy

Gas exploration awards announced in Egypt

3 Energy firms announce they have been awarded exploration rights in Egypt's Nile Delta and Mediterranean in a $1.2 bn minimum bid process

Russian classifieds website Avito seen doubling revenues

Russia's biggest classifieds website Avito pushes to take a lead in an industry dominated by Craigslist and eBay

Egypt stocks dip slightly on anticipated cabinet reshuffle

EGX30, EGX70 fall 0.7, 0.3 percent respectively on official announcement that major government reshuffle could be expected sometime early next week

Egypt has not requested loan from Russia: Trade Minister

Trade and Industry Minister Hatem Saleh denies reports that President Morsi had requested loan from Russian counterpart Vladimir Putin during Friday meeting between two presidents

Mubarak sons questioned over 'presidential palaces' case

Prosecutors question Alaa and Gamal Mubarak, who are charged with misappropriating public funds allocated for renovating presidential palaces

IMF, Egypt hope to reach loan agreement in 'weeks'

The International Monetary Fund and Egypt say they will continue working towards a Stand-By agreement in the coming weeks

Lufthansa cancels almost all flights due to strike

German airline Lufthansa said Monday it has cancelled most of its domestic, European and long-haul flights at six German airports due to strike action by ground personnel and some cabin crew

Egypt t-bill yields continue to fall on foreign aid pledges

Average yields on 91-day Egyptian treasury bills fall to 13.317 percent; yields on 273-day t-bills to 14.201 percent

Breaking the glass ceiling: Q&A with Egypt's 1st female bank VP

Egypt's pioneering former banker Sahar El-Sallab tells Ahram Online about the struggles and lessons of her path to success

HSBC reviewing Iraq operations, continues Egypt investment: Executive

Official of HSBC Holdings says the bank will review its operations in Iraq but was continuing to invest in Egypt though political instability the country faces

Price hikes have impacted majority of Egyptian consumers: Study

According to new poll, 82 percent of Egyptian consumers believe recent spate of inflation will affect their lifestyles, spending habits

Weekend clashes drag Egyptian bourse down

Friday clashes following an Islamist protest reduced turnover at Sunday's session

Egypt's trade deficit decreases in January

Increase in exports accompanied by a slight decrease in imports led to a reduction in Egypt's trade deficit compared with last year

Egypt amends draft budget to accommodate IMF: Source

Subsidies and public sector salaries among expense items that could be squeezed in move to secure $4.8 billion IMF loan

IMF chief says determined to reach loan deal with Egypt

Christine Lagarde says the IMF will not leave the table before striking a loan deal with Egypt

Court orders release of ex-housing minister in SODIC corruption case

Court authorises the release of Mubarak's ex-housing minister while retried for squandering public funds

Egypt monthly Suez Canal revenues down from March 2012

Figures reveal that a major source of foreign currency revenue earned Egypt 12.3 percent less in March than previous year

Egypt to update reform plan ahead of IMF meeting on Saturday

Egypt plans to present an updated programme to the IMF as it seeks to obtain a $4.8 billion loan after its initial economic plan was deemed 'weak' and 'not rigorous' by the international lender

Egypt tax revenues reach LE145 bn in April

Finance Ministry official predicts total tax revenues to grow by over 20 percent in current fiscal year

No deal reached for a Russian loan to Egypt: Trade minister

Egyptian President Mohamed Morsi fails to reach an agreement over a loan from Russia on his two-day visit, discusses constructing a nuclear power plant with Russian energy minister

  741 742 743 744 745