Latest news
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Egypt approves Islamic bonds seeking to revive troubled economy
Under the new law, the maximum term for Islamic bond ownership is 12 years and the bonds must be redeemed.
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Egypt launches its first locally produced smart tablet
Egyptian minister of telecommunications and IT announces debut of locally produced tablet on Thursday.
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Libya gives Egypt $2 billion interest-free loan: MENA
Libya will give Egypt a $2 billion five-year, interest-free loan under an agreement signed on Wednesday, the Egyptian state news agency MENA said.
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Egypt presidency denies Salafi pressure to suspend Iran tourism
Egypt’s presidential spokesman says tourist flights from Iran were not suspended because of pressure from “any particular groups.”
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Saudi saves $1bn a week as Egypt counts wheat stocks: HSBC
The disparity has led to Egypt’s government to grow more reliant on aid from other regional countries to prevent an economic collapse.
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Qatar, Libya give Egypt five billion dollar boost amid IMF talks
Qatar, the biggest financial backer of Egypt's Islamist-led government, "did not ask for anything in return" for its aid.
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Egypt’s NGO funding crackdown
Why are foreign funds so nefarious when received by NGOs yet apparently uncontroversial when received by others?
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Qatar pledges additional $3B aid to Egypt
Qatar's prime minister says the Gulf nation will give Egypt another $3 billion to bolster its ailing economy and help rebuild key industries.
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Egypt and the IMF: Time for a different approach
The country’s economic problems will hardly be solved by IMF emphasis on austerity.
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Cairo Job Fair: When employer meets employee in times of turmoil
Last week, the Cairo Job Fair took place at the AlAzhar Conference Center, despite tumultuous events in the area.
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Changed tax plans show Egypt's economic disarray
The capital gains tax itself is part of a bundle of taxes presented in the government’s latest economic program.
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PayPal officially in Egypt
After years of waiting and endless predictions, PayPal can now be used in Egypt.
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Egypt PM to visit donor Qatar amid IMF loan talks
Hisham Kandil was to fly to Doha after attending the swearing in of Kenya's new president in Nairobi, his office said.
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Egypt court backs jail for Mobinil execs in Israel case
Chairman and 3 senior executives of leading mobile-phone services provider are jailed for re-routing international calls via Sinai transmitter.
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Turkey to support Egypt until economy regains regional strength
Deputy PM of Turkey Babacan asked about the economic reform plan set in train by the Egyptian government to overcome the current situation.
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Economy threat to Brotherhood primacy
That a new pact with the IMF is being considered at all is testament to the desperate straits in which the Qandil administration finds itself.
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Egypt to abolish fuel subsidies as early as 2016: minister
Egypt is set to abolish fuel subsidies within three to five years in a bid to reduce its spiraling budget deficit, a senior minister told Al Arabiya.
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Leftist opposition figures slam IMF Egypt loan, call for state-led economy
Opposition figures and left-leaning economists decry current government's commitment to free trade, call for ending Egypt's 'neo-liberal' agenda
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Samsung and Al-Ahly Club partner up
Samsung has become the official technology partner for Egypt's most prominent football club AlAhly.
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Egypt seeks to increase $4.8 bln IMF loan
Egypt will intensify its efforts in the spring meetings of the IMF in the period from April 16-21 to receive additional funding.