CAIRO, Oct 17 Egypt is fully committed to its
programme to sell minority stakes in state companies and is
tackling a number of issues that have held it up, a government
advisor on the share sales said on Thursday.
CAIRO, Oct 10 Egypt plans to sell minority
stakes in two companies by year-end, ramping up its long-delayed
privatisation programme though analysts doubt it is moving
quickly enough to convince investors it is serious about opening
up the economy.
CAIRO, Sept 30 Egypt's current account deficit
widened in the April to June quarter of the 2018/19 fiscal year
as imports surged and workers remittances fell, Reuters
calculations based on full-year central bank data showed on
CAIRO Alaa al-Habashi was looking for ingredients for a Ramadan feast when he stumbled on an Ottoman-era mansion being used as a slaughterhouse and butcher's shop in Cairo's historic Islamic district.
CAIRO, July 4 Foreign direct investment (FDI) in
Egypt's non-oil economy fell in the first three months of 2019
to its lowest for at least five years, underscoring the struggle
to kindle confidence as a rigorous IMF programme draws to a
CAIRO, June 26 Telecoms operator VEON Ltd
has settled a tax dispute with Egypt, the finance
ministry said on Wednesday, clearing the way for its potential
purchase of the 42.3% stake in its Egyptian subsidiary Global
Telecom Holding it does not own.
CAIRO, June 17 Egyptian cement maker Tourah
Cement, a subsidiary of Germany's HeidelbergCement
, says it has suspended production because of financial
distress caused by oversupply in the Egyptian market and is
CAIRO, May 23 The Egyptian pound hit a two-year
high on Thursday, bucking a downtrend among emerging market
currencies with help from inflows in the tourism and energy
CAIRO As wrangling over Sudan's political future drags on, its economy risks sinking further into disarray, with pledges of assistance from the Gulf expected to provide only short-term relief, say economists.
CAIRO Egypt's government is drawing up a plan to turn over as many as 150 crumbling historic buildings to the private sector to refurbish and lease out for profit, the Minister of Public Enterprise said on Tuesday.