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Egypt president morsi has a tight window on economy. Photo: AP

New Egypt president has a tight window on economy

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 abroad that his is a government they can trust.

June 26, 2012 10:29
 
Morsy elected Egypt president

Morsy is elected Egypt President

Islamist Mohamed Morsy is declared Egypt's first freely elected president

June 25, 2012 10:22
 
Egyptian pound at 7-year low ahead of vote result

Egyptian pound at seven year low ahead of vote result

Egypt's currency takes a beating, as citizens await the result of the crucial presidential elections.

June 24, 2012 4:25
 
HOSNI MUBARAK

Mubarak health drama adds to Egypt uncertainty

Mubarak's ailment subject to speculation, skepticism; No result yet from vote to decide who replaces him; Islamist, ex-military many both claim vote victory

June 21, 2012 1:22
 
Egyptian-pounds-sukuk

Egyptian pound bid at lowest in more than 7 years

Egypt's pound was bid at 6.0507 to the U.S. dollar on Wednesday, its weakest in more than seven years, following a week of political turmoil.

June 20, 2012 5:44
 
HOSNI MUBARAK

Egypt’s Mubarak unconscious, on respirator

Egypt's ousted President Hosni Mubarak, jailed for life this month and who has been hospitalised for more than a year, is unconscious and on a respirator but is not clinically dead, two security sources told Reuters on Tuesday.

June 20, 2012 11:52
 
Central Bank of Egypt

Egypt sells more dollar T-bills than it sought

Egypt's central bank said it sold $526 million in one-year U.S.-dollar-denominated treasury bills on Tuesday, more than the $500 million it originally sought.

June 19, 2012 5:30
 
Arab-monetary-fund-in-65-million-loan-to-Egypt

Arab monetary fund in $65 million loan to Egypt

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 balance of payments crisis.

June 18, 2012 10:41
 
commodities

Egypt’s GASC says has 6-month wheat supply

Egypt's state wheat buyer said on Wednesday it had purchased six months' supply from local and international sources and was looking to issue a new international wheat tender for delivery in the start of August.

June 13, 2012 5:56
 
veg-oil-production-plant

Egypt’s FIHC seeks sunflower oil, soyoil in tender

Egypt's state-owned Food Industries Holding Company (FIHC) is looking to buy 30,000 tonnes of sunflower oil and 30,000 tonnes of soyoil in a tender, a Cairo-based trader said on Wednesday.

June 13, 2012 5:48
 
Egyptian-pounds-sukuk

Egypt sells reopened bonds worth 2.5 billion Egyptian pounds

Egypt's central bank sold 2.5 billion Egyptian pounds ($414.24 million) in five and seven-year bonds on Monday, the same amount it had initially sought, the finance ministry said.

June 12, 2012 11:14
 
Naguib Sawiris

Qatar play for EFG Hermes stokes backlash in Egypt

The Gulf emirate's play for key assets of the region's preeminent investment bank has prompted a rival consortium, notably backed by billionaire Naguib Sawiris, to declare an interest in buying it outright. The Qatari deal was approved last week by shareholders, but in the current volatile situation anything can happen.

June 6, 2012 7:12
 
Egypt's EFG defends executives against graft charges

Egypt’s EFG Hermes says first quarter net profit fell 6.8 percent

Egypt's EFG Hermes said on Tuesday its net profit for the first quarter fell 6.8 percent from the same period a year earlier.

June 5, 2012 5:24
 
EFG-QInvest tie-up

EFG plans 4 Egyptian pounds dividend after QInvest tie-up

It confirmed in a statement that shareholders had approved the venture, in which EFG would have a 40 percent stake and QInvest 60 percent.

June 4, 2012 10:54
 
Egypt-eyes-Georgias-Poti-port-to-ship-Kazakh-wheat

Egypt eyes Georgia’s Poti port to ship Kazakh wheat

Egypt, the world's biggest wheat importer, said on Sunday it was looking to use Georgia's Poti port for shipments of Kazakh wheat once the port is upgraded to receive Panamax ships carrying shipments of 55-60,000 tonnes

June 4, 2012 10:51
 
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