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Hosni Mubarak

  • Egypt says rolling blackouts to end in 4 months Wednesday, 20 Aug 2014 | 7:38 AM ET

    CAIRO— Top officials in Egypt promised Wednesday to end the rolling blackouts hitting the country in four months, blaming the outages on a fuel shortage, hot weather and poor maintenance of power plants. Neighborhoods in Egypt sink into darkness for hours during the day, leaving millions without power.

  • *Egypt experiencing worst energy crisis in decades. CAIRO, Aug 3- Egypt is looking to borrow at least $1.5 billion from local and international banks in order to repay debt owed to foreign oil companies operating in the country, Oil Minister Sherif Ismail told Reuters on Sunday.

  • *Cairo stock market rise reflects optimism, challenges remain. CAIRO, July 23- Egypt's new president Abdel Fattah al-Sisi has made a head start on tackling the country's economic problems, managing to introduce long-awaited subsidy reform without stirring popular unrest.

  • CAIRO, July 17- Egypt's central bank raised key interest rates on Thursday in what was seen as an attempt to curb inflation pressures less than two weeks after the government slashed subsidies on fuel and electricity.

  • CAIRO, July 16- Western consultants helping Egypt compile an economic reform plan say it needs at least $60 billion of investment to reach average GDP growth of 5 percent by 2018 and the same amount again to bolster its foreign reserves, senior officials said.

  • CAIRO, July 16- Western consultants helping Egypt compile an economic reform plan say it needs at least $60 billion of investment to reach average GDP growth of 5 percent by 2018 and the same amount again to bolster its foreign reserves, senior officials said.

  • SALLOUM, Egypt July 13- A few days before he was elected Egypt's president in May, Abdel Fattah al-Sisi discreetly visited tribesmen living along the border with Libya.

  • 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.

  • *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.