Hosni Mubarak

  • Egypt cuts natural gas subsidies to factories Saturday, 5 Jul 2014 | 6:28 AM ET

    CAIRO, July 5- Egypt slashed its natural gas subsidies to several industries increasing gas prices by 30-75 percent, part of a broad government strategy to cut back subsidies that eat up to a fifth of its annual budget.

  • DOHA, July 2- Al Jazeera, the Qatari-funded television station whose reporting of the 2011 Arab Spring uprisings won it millions of viewers in the Middle East, is defiant following a backlash by Arab governments that accuse it of supporting Islamists.

  • *Billionaire says says not ready to invest in Egypt. CAIRO, June 30- Egyptian billionaire construction tycoon Samih Sawiris said he has no plans for new investments in his country while political oppression and legal failings continue to obstruct economic revival.

  • *Billionaire says says not ready to invest in Egypt. CAIRO, June 30- Egyptian billionaire construction tycoon Samih Sawiris said he has no plans for new investments in his country while political oppression and legal failings continue to obstruct economic revival.

  • Israeli field may supply gas to Egypt facility Sunday, 29 Jun 2014 | 8:32 AM ET

    JERUSALEM— One of the developers of a natural gas field off Israel's Mediterranean coast on Sunday said it has signed a letter of intent to provide gas to a facility in Egypt. Until recently, Egypt provided natural gas to Israel.

  • *Oil minister sees production from BP project in 2017. AL-ASEEL OIL FIELD, Egypt, June 26- Egypt's oil minister said on Thursday that BP's $10 billion gas project, stalled for three years, had restarted and that production would begin in 2017, a sign of progress in efforts to ease the worst energy crunch in decades.

  • CAIRO, June 26- Egypt will pay $1.5 billion of the money it owes to foreign energy companies by the end of 2014, its oil minister said on Thursday, as the government tries to stave off a worsening power crisis. In April, Ismail said Egypt would pay about $1 billion "within two months" but the government has not yet announced that it has paid.

  • *UAE is major backer of Egypt since army ousted Mursi. CAIRO, June 7- Egypt and the United Arab Emirates said on Saturday they had contracted a state-run company headed by a retired Egyptian army officer to build wheat silos that are a key part of the UAE's $4.9 billion aid package to Cairo.

  • *Advisers Strategy&, Lazard operating in Egypt for months. The driving force behind the consulting project is the United Arab Emirates, which along with Saudi Arabia and Kuwait has showered Egypt with billions of dollars in aid since Sisi removed the Muslim Brotherhood from power last year, sources familiar with the exercise and businessmen told Reuters.

  • OCTOBER 6 VILLAGE, Egypt May 25- Egypt aims to buy about half of its domestic wheat harvest this year at 4.4 million tonnes and is unlikely ever to get much more from farmers, who need to reserve the rest for seed and to feed their families.

  • PREVIEW-Egyptian vote set to revive strongman rule Friday, 23 May 2014 | 5:54 AM ET

    CAIRO, May 23- Egyptians vote next week in an election expected to make former army chief Abdel Fattah al-Sisi president, marking a revival of strongman rule three years after the downfall of Hosni Mubarak.

  • Sisi's economic vision for Egypt: back to the future Thursday, 22 May 2014 | 9:35 AM ET

    CAIRO, May 22- Days before a presidential election he seems certain to win, Abdel Fattah al-Sisi released a detailed, colour-coded rendering of "The Map of the Future", designed to reassure Egyptians he is serious about attracting investment in their battered economy.

  • Egypt business pushes Sisi for energy subsidy cuts Wednesday, 21 May 2014 | 3:05 AM ET

    CAIRO, May 21- Former army chief Abdel Fattah al-Sisi has kept Egyptians guessing about how he will handle energy subsidies, one of the most explosive issues coming his way if, as seems certain, he is elected president next week.

  • Egypt turns to army in war on unemployment Tuesday, 20 May 2014 | 1:00 AM ET

    CAIRO, May 20- Since toppling the Muslim Brotherhood from power last year, the Egyptian army has turned its substantial economic firepower on another perceived threat to the country's stability: unemployment.

  • Sisi warns Syria risks becoming another Afghanistan. *Says will take Egypt two years to recover from turmoil. CAIRO, May 15- Abdel Fattah al-Sisi, the general who ousted an elected Islamist president and is set to become Egypt's next head of state, called on the United States to help fight jihadi terrorism to avoid the creation of new Afghanistans in the Middle East.

  • Egypt national elections offer hope: EFG co-head Wednesday, 14 May 2014 | 7:03 AM ET
    Abdel-Fattah el-Sissi

    The co-chief executive of EFG Hermes told CNBC that Egypt was undergoing political rejuvenation, meaning it had a lot to offer investors.

  • CAIRO/ OSLO, May 12- Egypt has secured a means of importing liquefied natural gas that will help it address an energy crisis, although the LNG import terminal to be provided by a Norwegian firm will not be in place in time to ease painful gas shortages this summer.

  • CAIRO, May 10- Egypt's supplies minister said on Saturday a smart-card system for bread distribution rolled out in one Egyptian city had reduced wheat consumption by 30 percent, easing the strain of subsidies on the government's budget and foreign reserves.

  • Egypt's tax hike on wealthy to last three years Saturday, 10 May 2014 | 10:38 AM ET

    CAIRO, May 10- A new 5 percent surtax on the incomes of wealthy Egyptians will last for three years, the finance minister said on Saturday, less than three weeks before the country elects a new president.

  • *Egypt's tourism revenues have dropped more than 40 percent. DUBAI, May 4- Egypt's tourism minister on Sunday announced ambitious plans to try to revive the country's tourism sector, in distress after years of political turbulence. Egyptian Tourism Minister Hisham Zaazou said in an interview in Dubai: "The world will see tourism returning to Egypt.