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Egypt says historic foreign investment inflows seen since rate hike
Tarek Amer defended his decision to increase interest rate saying it attracted foreign investments of nearly US$1 billion.
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Technological support to Non-Profit organizations
Ministry of social solidarity, Microsoft and UNDP organize conference titled “enabling and merging technology for NGOs".
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Sahem.org makes charity easier
Sahem plans to launch regional website after its success in Egypt and the 1st Arabic charity social media in Egypt.
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Egypt's economy trapped in vicious cycle of IMF debts
Egypt expecting a new rise of prices due to the IMF loan requirements, while the country has not yet recovered from previous economic decisions.
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Green light for Cyprus-Egypt business association
The Egyptian delegation to the association will be headed by Saeed Ahmed, the chairman of Nile Linen Group, a leading home textile manufacturer.
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Egypt's tourist visitors up 49 pct year-on-year in March
Some 654,900 tourists visited Egypt in March 2017, representing a 49 percent increase on the same month the previous year.
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Banks offering e-services have best retail banking
CIB) topped the Business News index for best retail bank for the 2nd year in a row followed by NBE that has the most widespread ATMs.
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Egypt stocks drop most in world after surprise rate hike
CBE unexpectedly raised interest rates to contain surging prices, a month after IMF remarks favoring higher borrowing cost to tame inflation.
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Refiner plays down Egypt risks
China Petroleum & Chemical Corp, has played down concerns about potential risks to the value of its investment in the Apache project in Egypt.
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Raising interest rates shakes markets, disturbs business community
Businesspeople outraged amid expectations that debt payments will increase by EGP 30bn.
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Egypt’s Central Bank raises interest rate by 2 pct
The statement added that the credit rate was also raised by 200 points to 17.25.
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Credit Agricole not considering leaving Egyptian market
We have launched our activities in the Egyptian market 10 years ago and seek to continue and expand it, says Drion.
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Egypt's 4G wireless frequencies ready for use
"we are waiting for companies to finish preparations to receive the frequencies," Communications Minister Yasser al-Kadi said.
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40 Egyptian universities compete for first place in ENACTUS
The winner will have the opportunity to compete in the World Cup competition in England to implement a community oriented project.
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High prices might slow down business in Ramadan
Early reservations for Suhoor or Iftar shows see a sharp decline due to the 50%-100% price increase.
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Egypt pays $20 million in arrears to UAE's Dana Gas
Egypt paid the $20 million in local currency, and $50 million in US currency delivered last week which is 25% paid back from $283 million owed.
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Oman in bid to boost exports to Egypt
A delegation of 19 high-profile Omani exporters is participating on a two-day Ithraa-led trade delegation to Egypt.
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U.S. wheat wins first Egypt government tender in two years
The world’s biggest buyer requested grain with a higher protein content, knocking France out of the mix.
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Egypt signs deal with Visa to develop infrastructure for financial transactions
Prime Minister Sherif Ismail attended the signing of the agreement at the cabinet headquarters in Cairo.
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Egypt to issue $1.5-$2 bln Eurobond within one week
Egypt sold $4 billion of Eurobonds in three tranches in January, raising twice as much as targeted and at lower yields than expected.
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Egypt central bank to cancel $100,000 individual bank transfer limit
"We have no need for foreign currency limits" Egypt's central bank governor Tarek Amer said.
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Egypt official expects stock market stamp duty next month
The parliament's budget committee approved a draft law to impose stamp duty on stock exchange transactions, to be paid by buyers and sellers.
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Syrian Refugees Contributed over $US 800 Million to Egypt’s Economy Since 2011
UNDP report states the number might be higher however not all businesses of Syrian Refugees are registered.
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Egypt’s business climate improving, challenges remain
New Investment Law is a positive step towards improving the dire business environment, according to the research: Capital Economics.
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Investing in IT is investing in Egypt’s future
The ICT sector is the one driving the Egyptian economy with 11,25% growth in Q4 of last year.
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Egypt’s health sector turns to technology
The ministry of health and the ministry of technology join forces to introduce technological developments to the health sector.
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Egypt pitches for more travellers from India as tourism picks up
There has been an upswing in the number of visitors owing to the improved security situation and various steps taken by the government.
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Egypt’s trade deficit declines 56 percent in February year-on-year
Exports increased by 22.1 percent in February compared to the same month last year to reach $2 billion up from $1.6 billion.
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Stamp duty and interest rates hindered rising stock market movements
The lack of clarity on the fate of the stamp duty on the stock exchange would pressure the market and the continuation to move sideways.
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Egypt sees recent archaeological findings as a blessing for a struggling economy
Virtually every week, it seems, new aspects of Egypt’s history are being unearthed.
