Latest in Highlight

Advertising Area





Latest in


Fitch Ratings announced today that it expects a further delay in the agreement between Egypt and the International Monetary Fund (IMF) to secure a much sought-after $4.8bn loan (AFP Photo)

Fitch expects delay in IMF deal

The global credit rating agency announced today that it expects a delay to the agreement between Egypt and the IMF to secure a $4.8bn loan due to extended parliamentary elections and an opposition boycott

Daily News Egypt

Egypt unlikely to hit 2012 investment target

By David French / Reuters ABU DHABI: Egypt is unlikely to lure the foreign investment it hoped for this year as nervous overseas businesses spend small following political unrest there, the chairman of a state-run investment agency said on Wednesday. However, Osama Saleh, chairman of Egypt’s General Authority for Investment, said he expected investment flows into …

DNE

FDI in Egypt plummets over the summer

CAIRO: Foreign investment in Egypt plummeted over its summer to almost a quarter of its level a year earlier as investors, unnerved by the region’s political turmoil, fled, the central bank said on Tuesday. Foreign direct investment (FDI) fell to $440.1 million in July-September from $1.60 billion a year earlier, helping to create a $2.36 …

DNE

End of Section