Egypt’s President Rules Out Currency Devaluation

Mohamed Mursi confirms there will be no new taxes and will look to investment to fix the country’s economy.

Egypt Requests $4.8bn IMF Loan

The country made a formal loan request to the International Monetary Fund during a visit to Cairo by IMF chief Christine Lagarde.

EFG-Hermes Q2 net profit down 66%

The Egyptian investment bank posted a net profit of $4.4 million as revenues from its brokerage operations declined.

Mursi Orders Military Chief To Retire

Two of Cairo’s most highly-ranked generals have been told to step down from their positions, on orders of the president.

Qatar Deposits $2bn To Support Egypt

The Gulf state is aiming to provide a much needed boost to support Egypt’s declining economy.

Egypt Invites IMF Officials To Resume Loan Talks

A $3.2 billion loan from the International Monetary Fund will help Egypt handle a balance of payments crisis.

UAE Seeks Strong Egypt Ties

The country has called for a closer relationship with Egypt as it begins a new era under President Mursi.

Mursi Sworn In As President

A momentous day marks the dawn of a new era for Egyptian politics as Mursi is handed power.

Obama Calls Morsy On Win

Egypt’s newly-elected President receives support from US equivalent as does his rival Shafik.

Mubarak Moved To Military Hospital

Former Egyptian president’s health has deteriorated and is on life support as his aides deny he was ‘clinically dead’.

Egypt Tenses For New President

Voters go to the polls for the second day as the country decides its first new president since Mubarak.