Latest news
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Egypt’s 4th mobile license getting more play
Telecom Egypt is positioning itself for a potential offer when the time comes.
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Sawiris to be honored by Italy’s Foreign Minister
Italian Foreign Minister Franco Frattini will honor business tycoon Naguib Sawiris next Monday.
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Judiciary calls for nationalization of Omar Affendi
The administrative judiciary declined the appeal by the (IFC) and compelled the gov. to execute the sentence against Omar Affendi issued last June.
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Egypt's cabinet okays steel licences to four firms
Egypt's cabinet granted four companies licences for steel plants in the country, as the gov. seeks to boost production & lower imports of supplies.
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Israel cannot ask Egypt for gas compensation: official
The Monday bombing of a Sinai natural gas station was \'unforeseen\' and give Israel no legal basis to seek damages, says Egypt\'s petroleum head.
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Arabs push Egyptian stocks up
Driven by Arab buying, Egypt\'s main index rose on Tuesday for the fourth day in a row, traders said.
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Egypt woos investors
Sharaf held a meeting with Dr Anwar Gargash, and investors from the UAE\'s public and private sectors at the Emirates Palace on Monday evening.
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Egypt, Italy agriculture project boosts cooperation
Egypt’s minister of agriculture along with the Italian ambassador to Egypt announced the success of the S.P.I.I.E project.
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Palm Hills surges 8.1%, leads most actives as Chairman cleared of graft
EGX-listed Palm Hills stock has skyrocketed 8.12% to EGP 2.53, leading way on gains, in the first half of today’s session.
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Telecom Egypt reports losses due to uprising
Egypt’s state-owned landline operator Telecom Egypt announced on Sunday that it lost some 86 million Egyptian pounds.
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OCI allocates $ 200 m for expansions or setting new fertilizer units
Orascom (OCI) plans to allocate $ 200 million of the $ 300 m (IFC) loan to catch investment chances in fertilizer markets in Australia, Europe & USA.
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UAE offers $3 billion aid package to Egypt
The United Arab Emirates (UAE) announced on Monday a US$3 billion aid package to Egypt, according to the state news agency WAM.
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Egypt set to reduce budget deficit in 2011-2012
Egypt's ruling military council on Monday approved the government's revised draft annual budget.
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Egypt interested in removing any barriers to UAE investments, says Egyptian PM
Egyptian Prime Minister Essam Sharaf reiterated his country's interest in removing any barriers to UAE investments in Egypt.
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Egyptian river transport fund nets $21m
Announcing this on Monday, Citadel Capital said as per the agreement, the DEG will invest $14 million, while EIB will pump in $7 million.
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Deutche Bank cuts EFG-Hermes target price to L.E 23
Deutche Bank cut EFG-Hermes (HRHO) target price by 8% to EGP23 from EGP25 previously.
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Egypt, Jordan to get $500m loans
OPIC an independent agency of the US government, secured $500 million in loans for small businesses in Egypt and Jordan.
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Egypt Seeks EGP14B From Arab Countries To Help Bridge Deficit -Fin Min
Egypt is looking to cover a budget deficit of EGP134 billion, or 8.6% of gross domestic product, mostly from "the local market," Radwan said.
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Egypt seeks help after peaceful revolt
"Welcome to the land of peaceful revolution," declares the new tourism slogan.Egypt has become a regional case study of the economic challenges.
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African Bank: Nationalisation not a good idea
Mthuli Ncube said the unrest in Egypt, Libya and Tunisia will probably reduce economic growth in North Africa this year to 0.7% from 4.7% last year.