April 19- Egypt's economy is expected to grow 4.0 percent in the 2016/ 17 fiscal year ending in June, broadly in line with the finance minister's latest projection of 3.8 to 4 percent, a Reuters poll showed on Wednesday. The government has announced a sleuth of reforms including a currency float, fuel subsidy cuts and a value-added tax in an effort to bolster the...
CAIRO, March 21- Egypt aims to raise 6 billion pounds from the sale of stakes in state companies in the 2017/ 18 financial year, Finance Minister Amr El Garhy told Reuters, part of government efforts to generate revenue and attract investors. Egypt plans to offer shares in several public companies, mainly in the petroleum and financial sectors, on the stock exchange...
SINGAPORE, March 17- Chicago soybean futures lost ground on Friday with the market set for a second week of declines as a record Brazilian supplies hit the market and near-perfect weather in Argentina boosts supply prospects. The Chicago Board Of Trade most-active soybean contract lost 3.6 percent in its biggest two-week fall since early February.
CAIRO, Feb 13- Egypt's core inflation has soared to its highest level in more than a decade, hitting 30.86 percent in January as the effects of a currency float and IMF-endorsed austerity measures ripple through an economy undergoing painful reforms. Prices have risen sharply since Egypt abandoned its currency peg to the U.S. dollar on Nov. 3.
*Currency's dive makes imported goods unaffordable for many. CAIRO, Feb 12- Egyptian chocolate spread maker Swifax has doubled its sales and is struggling to keep up with demand since the pound currency dived in November, forcing shoppers traditionally "obsessed with everything foreign" to ditch pricy imports and buy local. "People started changing their...
The co-chief executive of EFG Hermes told CNBC that Egypt was undergoing political rejuvenation, meaning it had a lot to offer investors.
Dennis Ross, Counselor at The Washington Institute and former special aide to the Obama administration, explains why Egypt's regional importance would make walking away a mistake for the U.S.
A criminal court in Cairo orders the release of ousted president Hosni Mubarak. Ayman Mohyeldin is live in Egypt with the details.
Middle-class protesters marching for the first time say the challenge for Brazilians is to keep alive the political spirit that was awakened in the last week, after decades of apathy.
Egypt's army chief said political strife was pushing the state to the brink of collapse - a stark warning from the institution that ran the country until last year, as Cairo's first elected leader struggles to contain bloody street violence.
Egyptians voted narrowly in favor of a constitution shaped by Islamists but opposed by other groups who fear it will deepen divisions, officials in rival camps said on Sunday.
Egyptians stood in line to vote on Saturday on a constitution promoted by its Islamist backers.
An odd alliance between pro-democracy activists and Mubarak loyalists is raising eyebrows. Who is playing who?
MILAN-- The Associated Press has withdrawn its story about Italy's Silvio Berlusconi in a Milan court today. Background in the story erroneously stated that former Egyptian President Hosni Mubarak was dead. Another Italy-Berlusconi story will be filed.
MILAN-- Silvio Berlusconi made a rare court appearance Friday to deny some of the more salacious accusations at the center of a sex scandal in Italy that has muddied his reputation. Berlusconi's declaration was spontaneous, a practice that Italy allows defendants and which does not have the weight of testimony.
GENEVA-- Switzerland has blocked almost 1 billion Swiss francs linked to rulers in four Arab Spring nations, a senior government official said Tuesday.
CAIRO, Oct 12- Egypt has no foreign military bases on its soil and has no plans to downsize its armed forces, said the military spokesman, rejecting media reports claiming so.
Conservative lending rules and red tape have long been blamed for holding back development of the mortgage sector in Egypt. Mortgage lending is equivalent to less than half a percent of gross domestic product in Egypt, compared to 13 percent in Morocco, according to a 2011 report on Africa housing by FinMark Trust, a body mainly funded by British government aid.
CAIRO, Oct 10- Egyptian stocks seem unlikely to resume this year's world-beating rally until the government shows how and when it will begin cutting fuel subsidies to rein in the budget deficit and secure a $4.8 billion IMF loan. A surge of more than 50 percent in Egypt's main share index.
*Egypt's Grand Mufti denounces edicts. *Muslim Brotherhood under pressure to take a clearer line By Shaimaa Fayed and Yasmine Saleh. Egypt's media, once tightly controlled by the state, has become a free-for-all platform for ideas, theories and advice, which can range from the ignorant to the bizarre and to what some see as outright dangerous.