Latest news
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Egypt: On a knife’s edge
Salaries average $5,400 a year, and the Egyptian pound has lost more than 10% of its value over the past year.
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Egyptian banking officials protest new loan loss provision tax
Shura Council decision to raise taxes on loan loss provisions at nation's banks is met by anger.
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Long-awaited Sukuk can’t rescue Egypt’s economy alone, say analysts
Many banking analysts and investors say that while Sukuk is a good tool, expecting that much money to flow into Islamic bonds is unrealistic.
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Long-awaited Sukuk can’t rescue Egypt’s economy alone, say analysts
Many banking analysts and investors say that while Sukuk is a good tool, expecting that much money to flow into Islamic bonds is unrealistic.
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Samsung wins four awards for cameras and imaging products
Samsung was awarded four prizes at the Technical Image Press Association Awards (TIPA) 2013.
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Mahathir Mohamed: Malaysia was worse off than Egypt
Economic mastermind and Malaysian Prime Minister Mahathir Mohamed stated that Malaysia's economy and infrastructure were worse off than Egypt’s.
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Turkey, Egypt agree to Iran proposed petrochemical OPEC
The plan is to form an international petrochemical association similar to the Organization of Petroleum Exporting Countries (OPEC).
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Sino-Egyptian economic zone attracts more investment
To boost investment in a Sino-Egyptian joint industrial zone, three large Chinese companies will start production there this year.
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British girl drowns in Egyptian hotel pool
London five-year-old Chloe Johnson dies in water park of Coral Sea Waterworld hotel in Sharm el-Sheikh.
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Sawiris, Ben Ammar unveil 100M euro film partnership
The two Arab tycoons are also planning to buy out companies in the media sector.
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Black market flourishes as Egypt’s economy founders
The supply of subsidized goods is drying up, breaking down the longstanding subsidy system and pushing those who can afford it to the black market.
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Black market flourishes as Egypt’s economy founders
The supply of subsidized goods is drying up, breaking down the longstanding subsidy system and pushing those who can afford it to the black market.
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Coral reefs in Egypt's Red Sea devastated by foreign vessel
Nationality of ship, which reportedly destroyed large swathes of coral reef in two of Egypt's premiere dive locations, remains undetermined.
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Egypt 'suffering worst economic crisis since 1930s'
Former finance minister and economist say Egypt is in dire predicament as foreign investment and tourism collapse.
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Morsi: Nation can reach self-sufficiency in wheat within four years
With an annual consumption of 18.8 million tons annually, Egypt imports around half of its wheat.
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AlMaqarr - The story of the Heliopolis coworking space
Ever been to AlMaqarr? Ever known the story behind it?
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Bassem Youssef's fight for free speech wins cheers at AMF
Youssef vigorously defended the role of satire in society – as well as the special attention he pays to President Mursi.
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Egypt's CIB see Q1 net profit up 30%
Commercial International Bank reports a consolidated net income of LE658 million due to widening interest margins.
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Egypt's top companies: the Power 34
Forbes Middle East published its Power 500 list, giving an account of the region’s top 500 companies – Egypt scored 34 times.
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Senior Egypt finance ministry official quits
Sami Khallaf says new appointees marginalised him and points to friction with Brotherhood members.