Latest news
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Egypt firms struggle as political uncertainty hits economy
Businessmen say Egypt cannot wait until the ruling military council hands administration over to a civilian government.
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FM Deliberates Supporting Egyptian Economy
Minister Amr called for resuming and increasing Greek tourism to Egypt, promoting cooperation in the energy, gas and oil sectors.
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BI-Technologies and MenaItech...A new partnership towards success
BI-Technologies and MenaItech announced their new alliance and partnership in Egypt.
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ITWorx Launches CityScout Mobile Application
CityScout is a new and free Windows Phone 7 application that allows citizens to view real-time information about their daily driving routes.
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Monarch increases Egypt flights due to high demand
Monarch has increased its programme of flights to Egypt’s Red Sea resort of Sharm el Sheikh this winter due to phenomenal demand from its customers.
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Egypt is interested in buying made-in-Turkey unmanned aerial vehicles called Anka
According to an executive at Turkish Aerospace Industries, the new Egyptian government is interested in buying Turkey-made unmanned planes.
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Czechs in Egypt's first post-Mubarak foreign direct investment
Czech Pegas, the 2nd biggest producer of textiles in Europe, is expanding abroad. And the 1st country the company picked for its FDI is Egypt.
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Mohamed Omran named new head of Egypt's stock exchange
Egypt appointed a new chairman for its stock exchange Wednesday, with Mohamed Abdel Gawad Omran replacing Mohamed Abdel Salam.
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Egypt's Mobinil not aware of any share swap plan
Egypt's Mobinil said on Wednesday it had no knowledge of any proposal by France Telecom to swap its shares in a Swiss telecoms company.
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Egypt's Orascom Telecom dips after Algeria comment
Orascom Telecom shares 3.9% in early trade on Wednesday after an Algerian source said the Telecom Ministry didn't recieve valuation for Djezzy.
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Deutsche Bank appoints Societe Generale as sub-custodian for assets in Egypt
Deutsche Bank has appointed Societe Generale Securities Services (SGSS) to act as sub-custodian for its proprietary and client assets in Egypt.
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Signs of shuffling in Egyptian steel industry
The country’s iron & steel industry will not be affected as the government proceeds to withdraw licenses from a limited number of factories.
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Orascom Development opened first hotel in Oman
Orascom Development Holding AG (Orascom Development) announces that its first hotel in the Sultanate of Oman has been opened last weekend.
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Egypt stocks heed the call on telecoms surge
"Investors moved towards the surging high-cap stocks leaving small- and medium-sized stocks behind," said capital markets expert Mostafa Badra.
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Cementing the Egyptian market
Cement plunged to LE425 ($71) this month from an average LE700 per tonne compared to September 2010, one trader said.
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Suez Canal August revenues exceeded estimates despite unrest; CI Capital
CI Capital stated, in a recent report, that Suez Canal performance has been resilient amidst the current unrest. Revenues rose 5.3% MoM in August.
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Libyan business youth seek economic partnership with Egyptian
The Libyan Business Youth Association seeks to build economic relations with Egyptian businessmen to benefit from their experience in all fields.
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Egypt T-bill yields surge, foreign cash may be needed
Egypt's banks are feeling squeezed and demanding higher yields at debt auctions, sometimes too high for the central bank to accept.
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Egypt to boost wheat imports to avert political unrest
Egypt plans to boost imports this year to build domestic stockpiles and prevent future political unrests fueled by high food prices.
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Naguib Sawiris: 2011 CIC Globalist of the Year
The Canadian International Council (CIC) will be honouring Naguib Sawiris as its 2011 CIC Globalist of the Year Award.