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Economics/Financial Analysis News in Egypt

Egypt Economy to Grow Under 2 pct in 2012
6/17/2012 - Egypt's economic growth will slow to under 2 per cent this year from 2.5 per cent last year because of political turmoil, the country's central bank governor said on Sunday. "We have a revolution," Fa...
Egypt Economy Growth Slows to under 2%
6/18/2012 - The Egyptian central bank has said that political turmoil will slow economic growth to under 2% 2012 from 2.5% last year, Reuters has reported. "We have a revolution," central bank governor Farouk El-...
Egypt Stock Went down 3.42 Percent amid Political Ambiguity
6/18/2012 - Egypt stocks ended the day down on preliminary results of presidential elections and ambiguity of political transition. The benchmark EGX30 index fell 3.42 percent to 4,269 points. The broad-based EGX...
Arab Monetary Fund in $65 Million Loan to Egypt
6/18/2012 - The Arab Monetary Fund (AMF) said on Sunday it was arranging a $65 million credit facility for Egypt to help the country trade with other Arab states, as political instability threatens Cairo with a b...
Arranging $65 Million as a Soft Loan in Egypt's Favor
6/18/2012 - AMF - Arab Monetary Funding has expressed intentions to arrange a $ 65 million soft loan in Egypt's favor to support and finance Egypt's foreign trade with Arab countries. That was announced by the Fu...
Egypt Sells More Dollar T-Bills Than it Sought
6/19/2012 - Egypt's central bank said it sold $526 million in one-year US-dollar-denominated treasury bills, more than the $500 million it originally sought. The weighted average yield edged up to 3.715 per cent ...
Egyptian Market Tumbles on Presidency Impasse
6/19/2012 - The benchmark index EGX30 fell 4.23 per cent to 4.087 points amid continued political tension following Egypt's presidential election and consitutional paralysis. Both candidates in the presidential e...
Vegetables Annual Sales Market Estimated at L.E. 6.6 Billion
6/20/2012 - Interesting details were released on the annual sales of Ketchup, tomato paste and fresh tomato on the vegetables market estimated at L.E. 6.6 billion. That was reported in the media quoting (a recent...
International Cooperation for Sustainable Development
6/20/2012 - Minister of State for Environmental Affairs Mustafa Hussein Kamel said that the principles of Rio+20, the rules of the United Nations convention on climate change and its Kyoto Protocol represent the ...
Egypt's 2012/13 Budget a 'Conspiracy' against Next president
6/21/2012 - A Freedom and Justice Party official has described the ruling military's imminent approval of the 2012/13 state budget as a "conspiracy" against Egypt's next president. Last week's dissolution of parl...
Egypt Government Bodies not to Cash further Funds till July 1st
6/22/2012 - Finance Minister Momtaz al-Saeed gave strict instructions for all government departments not to cash the rest of financial allocation of the previous budget, to rationalize government expenditure.
Two Contracts Inked to Equip Power Stations
6/23/2012 - Two contracts for equipping two power generation stations worth EGP 270 million have been signed. The capacities of the power stations are 1,500 megawatts in north Giza and 750 megawatts in Benha, sai...
Egyptian GDRs in London up
6/23/2012 - The Egyptian global depository receipts (GDRs) traded on the London Stock Exchange rose. The GDRs of the Commercial International Bank (CIB) and Orascom Telecom rose by 1.08 and 0.46 percent respectiv...
Egypt’s Keenness on Social Care Programs
6/24/2012 - Minister of Finance Momtaz el-Saeed has stressed the keenness of the government for maintaining social care programs. The government is interested in going ahead with the implementation of programs in...
Mahmoud Eissa : National Project to be Launched
6/24/2012 - Industry and Foreign Trade Minister, Mahmoud Eissa, said a national project will be implemented for training and employing roughly 100,000 youths within the course of the forthcoming six months. The m...
Egypt: Initiative on job Opportunities for 100,000 Youths
6/25/2012 - Dr. Mahmoud Eissa Minister of Industry and Foreign Trade Decided to launch an initiative for the training and providing jobs for 100,000 youth in the field of industry at costs of LE500 million. The d...
Egypt Supports Arab States’ Joining ILO
6/25/2012 - Minister of Industry and Foreign Trade Mahmoud Eissa said that Egypt will continue to support having the Arab states join the International Labor Organization and endorse the Arab League's request for...
Egypt Stocks Resume Trade, Show 6.8 pct Gain Mid-Monday
6/25/2012 - Egyptian stocks have restarted trade and are continuing their gains, up 6.81 per cent at 4,450 points just before 1pm Mid-Monday. The exchange suspended trading for half an hour after the benchmark in...
Egypt is Seeking to Create a More Viable Trade System
6/25/2012 - Minister of Industry and Foreign Trade Mahmoud Eissa said that inter-Arab cooperation is a must for creating a more balanced multilateral trade system. The remark was made in his speech at the inaugur...
New Egypt President has Tight Window on Economy
6/26/2012 - Egypt's new president has a window of opportunity to pull the economy from the brink of disaster, but he will have to chart a careful path to convince a host of deeply sceptical players at home and ab...

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