Latest news
-
Australia's Beach unveils third oil discovery in Egypt concession
The Al Jahraa-1 well, located about 15 km (9.3 miles) west of the Al Ahmadi-1 and ZZ-4 discoveries, was the third of a six-well drilling program.
-
Dented economy haunts Egypt a year after revolt
With an estimated growth rate of 1 to 2 percent - compared with between 5 and 7 percent in past years - the government is looking to the IMF.
-
Reforming Petroleum Subsidies in Yemen and Egypt
A significant budget deficit of close to 10 percent of GDP & shrinking foreign currency reserves could force the Egyptian gov't to devalue currency.
-
Egypt relaxes tax rules for small enterprises
Businesses with annual turnover of less than LE1 million will face looser accounting requirements, says finance ministry.
-
Kuwaiti investments in Egypt stable, more in pipeline: Min. Al-Shimali
Kuwaiti investors are looking for more stability in Egypt to increase their investments.
-
Salafi religious conservative to lead Egypt’s education reform
A member of the ultra-conservative Islamist Salafi Al Nour party, Shabaan Abdel Aleen, will be chairing Parliament’s new education committee.
-
Egypt inflation eases slightly, economist warns of stagflation
Headline CPI rose 0.15 percent month-on-month in January after dropping 0.24 percent in December.
-
Azhar Rejects Egypt Civil Disobedience
Egypt’s Grand Mufti Ali Gomaa has warned that civil disobedience would have a grave impact on the country.
-
Market Report: Egypt Bourse up 0.9 pct on telecoms 'reawakening'
Main index see another day of gains as investors shrug off worries of further protests and snap up strategic high-cap shares.
-
Optimism toward politics buoys Egypt's stock market
The index is still 35 percent below a peak hit in January last year, just before the uprising that toppled Hosni Mubarak.
-
The Generals’ Secret: Egypt’s Ambivalent Market
Mubarak’s regime purposely created ambiguity in the country’s economy with the military owning at least 35 factories.
-
Orascom, France Telecom hold talks over Mobinil: Source
Speculation over change in Mobinil ownership follows the sale of the firm's Egyptian parent company to a Russian telecoms giant last year.
-
EU special envoy: We take effective measures to help Egypt regain its smuggled funds
Egypt is the most important country in the region and Europe will cooperate with it to support the process of democratic transformation.
-
Police thwart bank robbery in Sharm El-Sheikh
Security forces foil yet another attempted armed robbery at Credit Agricole branch in Sharm El-Sheikh's upscale Naema Bay area.
-
Egypt's Suez Canal revenue up 7 pct in year to Jan
Revenue rose to $445.8 million in January 2012 from $416.6 million in January 2011.
-
Egypt Top Islamist Group May Vote Against $3.2 Billion IMF Loan
PM Kamal El-Ganzouri’s Cabinet “must present proof” that foreign borrowing is necessary, or Freedom and Justice will vote against the loan.
-
Salafi MPs demand media censorship
The Nour Party had accused the media of attempting to tarnish its image during parliamentary elections.
-
Arab Bank Group Posts 13% Growth in Profits and 25% Distribution of Dividends
Positive results reflect the success of the Bank, through its prudent and conservative policies, in dealing with the regional and int'l developments.
-
Egypt Air: recovery coming from regional and transfer traffic
Egypt Air CEO Captain Hossam Kamal Abo ElKheir hopes that 2012 will be a year of stabilization and even a year of growth.
-
Coffee Specialist Sales for Nestle Nespresso
Maximize the sale of all the Nespresso products presented in the Boutique for Nestle Nespresso.