Latest news
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Saudi and Egypt sign $1.6 billion deal to link power grids
Egypt's electricity minister Ahmed Moustafa Emam said the linkage is expected to take 24-30 months to complete.
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MCSBE & Innoventures to host Cairo StartUp Cup 2013
The Middle East Council for Small Business and Entrepreneurship (MCSBE) and Innoventures are looking for Egypt’s startup of the year.
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Cadbury abuses worker rights in Egypt, Tunisia, unions say
Management told its some 300 workers in July 2012 that the plant would not provide a government-decreed 15 percent pay rise.
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Italy-Egypt business forum aims to raise investor confidence
Egypt showcased its economic potential to Italian enterprises at the Italy-Egypt Business Forum held Friday in Rome.
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6 Mexican tourists killed in Egypt bus accident
The bus was carrying Mexican tourists from the peninsula's Saint Catherine's monastery to the Red Sea resort of Dahab.
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Minister calls on Saudis to visit Egypt for summer holidays
Egyptian tourism minister says the country is safe for tourism.
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Egyptian central bank 'unaware' of Islamic bonds programme
In an ijara one party leases a specific asset to a client for an agreed rental price, but cannot charge interest on defaulted or delayed payments.
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Government conducts search and seizure campaign on unsafe bottled water
Consumer Protection Agency warns that 7 brands of bottled water did not receive proper authorisation for production.
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Egypt drags its feet in privatization tussle
A ruling, made in 2011, ordered the then government to repurchase textile company Tanta Flax and Oils from the Saudi Arabian investor.
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Egypt military budget allocations to reach LE31 bn in 2013/14: Source
Budget allocation for Egyptian Armed Forces is set to increase by whopping LE3.4 billion in 2013/14, military source tells Ahram Online.
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Egypt's Suez Canal won't fall into foreign hands, says official
Some fear that foreign financial assistance could see the Egyptians lose control of the canal.
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Egypt to issue $12bn sukuk early 2014
Egypt aims to issue its debut $12bn sovereign Islamic bond early next year, which could help ease pressure on its public finances, Reuters reported.
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Samsung sells over 10 Million S4 devices in first month
Four of the world’s first TCO certified Smartphone are sold every second around the globe.
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Saudi, Egypt electricity deal close
Nations initially agreed to buy electricity from neighbours for cash, but sales in the past year have levelled off.
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Agencies to remove Luxor from their travel destinations
Travel agencies from Germany, Sweden, Austria, and England stopped charter-flights to Luxor for one year, due to continuous lack of security.
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Egypt tackles fuel use, smugglers to stave off summer crisis
A restructuring of Egypt's huge subsidy program will reduce smuggling by thieves who now siphon off a fifth of subsidized fuel.
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Ethiopia diverts Nile flow, Egypt says no impact
Ethiopia says the dam will not affect Egypt and that the 1959 agreement ignores the needs of five upriver countries.
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Ethiopian move to divert Blue Nile not a surprise: Egypt ambassador
Egyptian ambassador in Addis Ababa downplays threat to Egyptian water supply of Ethiopian dam.
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Nile Dam will not impact Egypt's water share: Ethiopian Minister
The Renaissance Dam is one of four dams that could be built along the Blue Nile which provides Egypt with about 60 percent of its annual allotment.
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NGOs against European bank's plan to fund Egypt's oil drilling project
A group of NGOs have announced their opposition to a proposed loan from the EBRD to fund oil drilling projects in Egypt.