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Economy

Egypt telecom minister flies to Silicon Valley for investments

Egypt's minister of communications and IT will fly to Silicon Valley to meet with technology giants such as Microsoft, Google, Apple, Facebook, Intel, etc

IMF technical team to visit Egypt 'within days': Finance Minister

Egypt's Suez Canal records highest daily traffic in 2013

Head of Suez Canal authority announced that record 68 vessels passed through the waterway on Saturday, the highest rate since the beginning of the year

Cyprus eyes 25 pct levy on big savers at stricken Bank

'Troika' considering 25 percent bank deposits levy in Cyprus

Cypriots to meet troika before any Brussels trip: Spokesman

Cyprus officials will meet with representatives from the ECB and IMF before heading to Brussels for aid talks

U.S. Senate narrowly passes first budget in four years

Friday's internet troubles due to technical disruption: TE Data

Egypt's leading ISP says slow speeds are due to a damaged cable

YouTube passes billion user mark

'If YouTube were a country, we'd be the third largest in the world after China and India' YouTube team says after announcing that over a billion visit site each month

UPDATED: OCI to pay $1bn in reconciliation with Egypt's tax authority: minister

Minister of Finance says OCI agrees to pay LE7.1 billion to end its tax dispute with the government; Bourse suspends trading on the company pending its response

Talks with govt over tax dispute 'ongoing': Egypt's OCI

Egypt govt-OCI war of words continues on tax evasion dispute

Egypt's top prosecutor calls for committee to assess OCI's tax position

Egypt's OCI reiterates denials of govt charges of tax evasion

Mubarak to be summoned to answer for 'illegal gifts'

Ousted Mubarak and ex-PM Nazif are charged of receiving 'illegal gifts' from the state-owned 'Gomhoreya' newspaper

Egypt deficit to reach LE185 bn: Finance minister

Finance Minister El-Morsi El-Sayed Hegazy expects a lower budget deficit than initially forecast in 2012/13, predicts Egyptian economy will grow 2.5% in first three months of 2013

Cairo-Aswan train service resumes after 11 hour disruption

Train services to Upper Egypt resume after Al-Ayat residents end their protest over crossing safety

What happens if Cyprus collapses?

Cyprus could be on the path of economic and financial meltdown promising disastrous consequences for Eurozone countries

Hamas appeals to Egypt after Israel halves Gaza fishing zone

Hamas complained to Egypt on Friday after Israel suspended part of a Cairo-brokered truce agreement by halving Palestinian access to fishing waters in response to a rocket attack from the Gaza Strip

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