Latest news
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Egypt Banks Pass on Repos, Signaling Market Has Enough Funds
Egypt’s central bank didn’t receive bids for seven-day repurchase contracts today, indicating banks have sufficient funds
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Avail access to int' l market via Egypt
Ambassador of Egypt to Pakistan, Magdy Amer on Wednesday said that Pakistani businessmen can enjoy market access through Egypt.
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Agriculture minister dismisses 25 advisers
Agricultural Minister Ayman Farid Abul Hadidon on Wednesday dismissed 25 advisers, even though the minister is scheduled to be replaced on Thursday.
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Egypt plans to raise 5 billion pounds at T-bill sale tomorrow
Egypt plans to raise 5 billion EGP ($838 million) at an auction of treasury bills tomorrow after yields dropped from the highest levels since 2008.
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Slowing growth may stoke unrest in Egypt
Egypt’s economy may fail to meet the government’s growth target, a survey showed.
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Traders see quick return of Ukraine wheat to Egypt
Egyptian state wheat buying agency GASC may allow Ukrainian wheat in its giant purchase tenders by the end of this month, traders said on Wednesday.
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Minister of Finance keeps option for IMF loans open
Egypt did not rule out the possibility of borrowing from the International Monetary Fund (IMF), said Hazem el-Beblawy.
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Crédit Agricole Egypt launches SMS service
Crédit Agricole Egypt (CAE), a major bank in Egypt, has launched its SMS alert service.
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Egypt names new ICT minister
Egypt has sworn in a new Minister of Communications and Information Technology in a cabinet reshuffle.
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Government cancels investment ministry, privatization program
Selmy, who currently supervises the public business sector, said, "There will be no investment ministry or representative minister in the government"
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Egypt's shares decline as steel producer falters
Ezz Steel's standalone profit for last year fell to 116.1 million Egyptian pounds, from 249.5m pounds in 2009.
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Egyptian banks to close on Revolution Day
All banks will be closed on Sunday 24 July in observance of Revolution Day, Egypt's Central Bank said in an emailed statement today.
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Etisalat posts close to 15% decline in Quarter 2 profit
The Emirati Telecommunications company Etisalat saw its second quarter profits decline nearly 15 percent.
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US House bill to limit aid to Egypt, Palestinians
A House panel unveiled a bill Monday that would block US aid to Pakistan, Egypt, Lebanon.
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Egypt banks decline c.bank offer for repos
Egypt's central bank said not a single bank took up its offer for $1 billion in seven-day repurchase agreements in the money market on Tuesday.
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Egypt had 42% less Persian Gulf tourists in June
Egypt received 42 percent less tourists from the Persian Gulf in June compared with a year- earlier, Ahram Online reported.
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Egypt's newly appointed minister of industry turns down Cabinet post
Controversy garnered by the appointment of a businessman to the Cabinet prompted Ahmed Fikry's change of heart
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Will Egypt's Military Hijack its Revolution?
Generals are guided by their own Turkish model, of an earlier era -- a military autonomous of civilian political control, claiming veto power
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Army slowing reforms to sink revolution
The economic crisis is killing the ideals of the Arab spring. The military are against democracy, and refuse to hand over former regime officials
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Revolution scars Egypt's corporate sector: report
The recent Egyptian revolution may have transformed the country's political future but has left the country's corporate sector scarred