Economy & Trade

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The work of the Ministry of Finance is being obstructed at every corner by bureaucracy and an IT system that presents more problems than solutions. (Photo: Marwan Tahtah)
May 23, 2013 - 13:18 GMT
The Union Coordination Committee Wednesday accused the Finance Ministry of intentionally submitting salary scale bills with errors in them in a bid to delay the ratification of a wage hike in Parliament.

April 15, 2013

The IMF meeting Egypt's opposition figures is straining relations between parliament and the Shura council
03:59 GMT

Meetings between the International Monetary Fund delegation and Egyptian opposition leaders and civil society organizations have caused confusion and tension within the government, according to parliamentary and government sources.

April 14, 2013

Ratings agency Fitch saw Qatar's decision to provide Egypt with more financial aid  “as a positive sign of things to come”. (STR / AFP)
12:41 GMT

Global ratings agency Fitch Ratings called Qatar’s decision to provide Egypt with an additional $3bn in aid “as a positive sign of things to come”.

A team from the IMF met opposition figures in Egypt on Saturday
10:27 GMT

A delegation from the International Monetary Fund met opposition figures Mohamed El Baradei and Hamdeen Sabbahi, as well as with representatives of the Salafi-oriented Nour Party on saturday, according to state-backed media.

DED with Andorra delegation
08:18 GMT

Department of Economic Development in Dubai as part of exploring avenues for closer bilateral ties, especially in investment, tourism and trade.

April 11, 2013

Egypt and Libya have finalized a $2 billion loan agreement
14:14 GMT

Egypt and Libya finalized a US$2 billion loan agreement Wednesday evening to shore up the Egyptian economy and foreign reserves.

Jordan and the IMF have a greed the second funding tranche for the country's beleaguered economy
11:25 GMT

The International Monetary Fund (IMF) executive council has agreed to dispense the second tranche of its loan agreement, worth $385 million.

Inflation in Egypt continues to creep up
10:47 GMT

Egypt's monthly inflation rate was once again on the rise in March, increasing by 0.8 percent to 8.2 percent.

April 10, 2013

Qatar is to provide $3 billion  to cash-strapped Egypt
12:46 GMT

Qatar will extend $3 billion to Egypt in the coming days, the Qatari prime minister announced on Wednesday

Abu Dhabi's inflation remained at a steady 1.1 per cent in the first quater of 2013
12:09 GMT

The consumer price inflation rate in the emirate of Abu Dhabi was 1 per cent in March, while the inflation rate during the first quarter of 2013 was 1.1 per cent, new statistics show.

April 9, 2013

kalashov
17:07 GMT

After being handed over from UAE questions rise about mafia boss kalashov

 John Kerry has said he will work with Israel and Palestinian leaders in an effort to revive the West Bank's economy
13:37 GMT

The US Secretary of State, John Kerry, said on Tuesday that he will work with leaders from Palestine and Israel to revive the West Bank's ailing economy

Egypt has cancelled planned tax changes, according to sources
10:35 GMT

Egypt has cancelled a controversial proposal to tax share dividends and gains made in takeover deals

Lebanon's main stock exchange took a boost from the appointment of  Tammam Salam as the country's new PM
10:08 GMT

The Beirut Stock Exchange rose for a second trading day Monday as Solidere stocks gained on the appointment of Prime Minister Tammam Salam.

April 8, 2013

Syrian conflict has caused the country's economy  to suffer an almost 100 per cent decline in foreign trade in 2012 (DIMITAR DILKOFF / AFP)
14:06 GMT

The conflict in Syria caused the country to suffer an almost 100 per cent decline in foreign trade in 2012

The Palestinian economy is expected to grow by five per cent
03:43 GMT

The Palestinian economy is on track for 5 to 6 percent growth this year as a shortfall in international aid continues to take its toll, according to a senior minister.