CAIRO, July 4 Foreign direct investment (FDI) in
Egypt's non-oil economy fell in the first three months of 2019
to its lowest for at least five years, underscoring the struggle
to kindle confidence as a rigorous IMF programme draws to a
CAIRO, June 26 Telecoms operator VEON Ltd
has settled a tax dispute with Egypt, the finance
ministry said on Wednesday, clearing the way for its potential
purchase of the 42.3% stake in its Egyptian subsidiary Global
Telecom Holding it does not own.
CAIRO, June 17 Egyptian cement maker Tourah
Cement, a subsidiary of Germany's HeidelbergCement
, says it has suspended production because of financial
distress caused by oversupply in the Egyptian market and is
CAIRO, May 23 The Egyptian pound hit a two-year
high on Thursday, bucking a downtrend among emerging market
currencies with help from inflows in the tourism and energy
CAIRO As wrangling over Sudan's political future drags on, its economy risks sinking further into disarray, with pledges of assistance from the Gulf expected to provide only short-term relief, say economists.
CAIRO Egypt's government is drawing up a plan to turn over as many as 150 crumbling historic buildings to the private sector to refurbish and lease out for profit, the Minister of Public Enterprise said on Tuesday.
CAIRO The United States will consider new ways to remove Sudan from its list of state sponsors of terrorism if it sees a fundamental change in its government and a commitment not to support terrorism, a State Department official said.
CAIRO Egypt will remove subsidies on most energy products by June 15, it told the International Monetary Fund in a January letter released by the IMF on Saturday as part of a review of Cairo's three-year, $12 billion (9 billion pounds) loan programme with the lender.
KHARTOUM Sudan has faced multiple armed conflicts, economic slumps and nationwide protests, but one of its little known exports has proved resilient through all the turmoil: gum arabic, an essential ingredient in fizzy drinks.
KHARTOUM As Samir Gasim reels off the problems facing his Khartoum confectionery and packaging factories, already running well below capacity, the power cuts and generators kick in.