Latest news
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US Apache, Coca Cola CO. to pump more investments in Egypt
US Apache oil and gas exploration and production company, and Coca Cola plan to pump investments in Egypt worth about $1.7 bln as of the new year.
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Citibank Egypt named 'best internet bank' 2011-08-24
Global Finance magazine named Citibank the Best Corporate/Institutional Internet Bank in addition to the Best Consumer Internet Bank in Egypt 2011.
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Egypt imposes temporary cotton import ban
Egypt has imposed a temporary ban on cotton imports until the local crop has been sold, a financial newspaper reported on Thursday.
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Citadel Capital finalises rights issue, still wary of the future
Citadel Capital may have just finalised a fully subscribed $175.6 million rights issue but the firm still foresees tough times ahead.
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Sawiris seeks partners for US$2.8 billion France Telecom Swiss unit takeover
Egyptian billionaire Naguib Sawiris said he’s in discussions with partners to help finance a bid for Orange Switzerland.
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Apache plans $1.5 billion Egypt investments in 2012
Apache Corp plans to increase investments in its Egypt operations by $1.5 billion starting in 2012, GAFI said on Saturday.
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Egypt, Pakistan to sign economic and technical cooperation agreement Sunday
Aboul Naga will meet with Pakistani Ambassador to Egypt Seema Naqvi on Sunday to sign an agreement on economic and technical cooperation.
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Moussa: I'm using personal contacts to recover funds smuggled abroad
Amr Moussa has said he is contacting and negotiating with the European Union in order to recover money smuggled out of Egypt by former officials.
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Egypt Brotherhood businessman: Manufacturing is key
Manufacturing, a trained labour force and enabling the private sector are the solution to Egypt's economic slump, said Hasan Malek.
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Egypt and US to Hold Meetings to Enhance Trade Relations
Egypt and the US will hold a number of meetings in Washington to discuss enhancing bilateral trade relations, Mahmoud Eissa said on Friday.
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Meetings today discuss African Development Bank billion-dollar loan to Egypt
The chairman of the African Development Bank arrived this morning in Cairo to discuss a possible $1.4bn loan.
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Britain demands Egypt repay millions lent for arms deals
Britain is pursuing Egypt for debts of up to £100m that funded the purchase of arms under the regime of General Hosni Mubarak.
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Egypt receives 122 stolen artefacts from Australia
A collection of 122 ancient Egyptian and Greco-Roman artefacts is return to Egypt from Melbourne, Australia on 5 November Al Ahram reported.
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Moody's downgrades Egypt ratings on economic woes
Moody's Investors Service on Saturday downgraded Egypt's government bond ratings as the country struggles to recover.
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Rallying for breast cancer awareness in Egypt
Changing a concept about breast cancer, based on fears, was the main goal of a ladies’ golf club when organising its seventh breast cancer rally.
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Egypt's GASC buys 120,000 T Ukrainian wheat
Egypt has bought 120,000 tonnes of Ukrainian wheat for Jan. 11-20 shipment, the main government wheat buyer said on Saturday.
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Biblawi: Visit of IMF mission to Egypt is for consultation; government did not seek loans
The IMF mission dealt in Egypt with the economic situation, current incidents and the possibility of offering aid to Egypt, Biblawi noted.
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Japan grants Egypt $3 million for Agriculture support
The Japanese Government is providing a $3.0 million grant to pilot participatory approaches in farm-level irrigation modernization.
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Egypt's NGOs receive $167m from abroad
The law does not prevent the NGOs from receiving funding from abroad, but it requires them to register with the Government.
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Small caps in focus as retail investors dominate
There is optimism in the market this week and hopefully this can continue into next week," said Margo Moussa, fundamental analyst at AFB.