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Hermes surveys chief execs on economy at Egypt Conference
A survey for 250 CEOs who attended the 2nd annual Egypt Conference showed that 54% consider the rise in interest rates an obstacle to investing.
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Sisi vows to protect Egypt's water supply
This comes after a conflict with the Nile upstream countries of Sudan and Ethiopia, which is building a controversial dam.
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Fitch Ratings revises Egypt's outlook to positive, affirms at 'B' rating
Fitch expects a GDP growth of 4.8% in fiscal year 2017/18.
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Russia's Aeroflot can start flying to Egypt in late February
The flights will start after signing a security protocol.
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Astronergy/CHINT Solar Win 165MW(DC) of EPC Contract in Egypt
The 165MW project consist of 3 minor projects which are located 40KM north of Aswan.
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New Vodafone Egypt CEO meets ICT minister
Egypt's ICT minister Yasser ElKady has held talks with newly appointed CEO of Vodafone Egypt Alexandre Froment.
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DP World Sokhna receives largest PIL vessel
The ship is one of three 12,000 TEU container vessels PIL has added to its weekly service to DP World Sokhna Port.
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Egypt’s GASC gets offers for soyoil and sunflower oil in tender
The lowest offer for sunflower oil was $793 a tonne for 11,500 tonnes from supplier Aston.
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Egypt tourism revenues jump 123.5 per cent to $7.6 billion
The number of tourists who visited Egypt in that time jumped 54 per cent to 8.3 million.
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Egypt economy gathers strength heading into 2018
Focus Economics report expects positive turns for Egypt; New investment, industrial licensing laws likely to boost investments.
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Egypt inflation drop could indicate low spending levels
Core inflation, stripping out volatile items such as food, fell to 19.86 percent from 25.53 percent.
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Acwa to develop $190m solar projects in Egypt
Once operational in the fourth quarter, the new installed capacity will power 80,000 houses and result in savings of 156,000 tons of CO2 every year.
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Egypt reshuffles its government, appoints 4 new ministers
President Abdel-Fattah el-Sissi swore in the new ministers of culture, tourism, local development and business.
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The region awaits Future Cities 2018
The region will see the launch of new, futuristic technologies & solutions at the Future Cities Show in April 2018, that will change the way we live.
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Real estate sector shifts attention to Upper Egypt
This year’s Business Breakfast focuses on feasibility of development in Upper Egypt, looking into 7 governorates that make up 25% of the population.
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Egypt pays back $700 million in debt to Paris Club
In 2017, Egypt repaid around $30 billion in foreign debt.
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Egypt receives offers in GASC wheat tender after brief trader standoff
This comes after initially drawing zero bids from suppliers agitated by what they said were growing demurrage fees.
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Egypt parliament preliminarily approves country's first bankruptcy law
The law is expected to improve Egypt's ranking in the World Bank's Doing Business report.
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Powering Egypt: More solar solutions
Egypt is giving more attention to renewable energy projects, especially solar power, as part of government plans to increase its contribution in power
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Egypt's Zohr: Towards self-sufficiency in gas?
A look at the potential of the local gas sector in the wake of the Zohr Field starting production in December.
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Egypt: Year in Review 2017
Improved performance in Egypt’s key sectors, tighter fiscal management and increased capital inflows drove an economic rebound last year.
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Siemens Gamesa to build 262 MW turbine in Egypt
Construction of the facility is scheduled to be complete in mid-2019, with operations expected by the end of that year.
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Egypt's top imam endorses Bitcoin ban
Egypt's top imam has endorsed a ban on trading in Bitcoin by declaring it "forbidden" by Islam.
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Telecom Egypt says services restored after days of disruption
Users have complained that the disruption of the internet service lasted anywhere between four days to two weeks.
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L&T's construction arm wins Rs 14.5 bn contracts including one in Egypt
Besides, Power Transmission & Distribution Business has bagged orders worth Rs 5.68 billion.
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Recession hits Egypt’s gold market
The average price of 24 carat gold was LE731, and the 21 carat gold was LE639, while 18 carat gold reached LE548, and 14-carat gold LE426.
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Egypt to keep customs exchange rate at 16 pounds in January
Egypt began setting a monthly fixed customs exchange rate in January, following the flotation of its pound currency in November 2016.
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Egypt picks managers for $4B Eurobond sale
The government selected HSBC Holdings PLC, Citigroup Inc., JPMorgan Chase & Co., Morgan Stanley and the National Bank of Abu Dhabi for the sale,
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Top 10 business highlights of 2017
As we enter 2018, Egypt business looks back on 2017 gathering the top 10 highlights of the year of "exploring opportunities".
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Egypt to hike Cairo metro fares from next July
Commuters will be charged a base fare of 2 Egyptian pounds for the first 9 stops, and an additional pound for 9 more stations.
