Latest news
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Eastern European tourists major visitors to Egypt
CAPMAS said that the number of tourists visiting Egypt during the first half of this year fell to 4.4 million.
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Personal savings dominate Suez Canal certificates’ purchases: Baseera
42% of certificate-buyers used money kept at home, 38% used bank savings, 13% used Egypt Post savings.
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Pumping water in "Toshka 3" to reclaim one million feddans
Egypt is preparing a scientific study for reducing the evaporation rates in Lake Nasser after it reached 10 billion cubic meters of water.
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Egypt launches agency to support African development
The Egyptian Partnership Agency for Development will focus mainly on the fields in which Egypt enjoys a comparative advantage and experience.
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Egypt's Natural Gas looks for stability
Egypt’s export decline can be traced to a damaging combination of increasing domestic consumption during the hot summer months.
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Egypt on the road to tourism recovery
Egypt Tourism Minister is positive about the future and went as far as saying that he expected tourism to recover completely as soon as 2015.
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Egypt's Ezz Steel posts first-half net loss of LE176 mln
Egypt's largest steelmaker blames disrupted availability of utilities for reduced output and margins in the first 6 months of 2014.
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Konnecti aims to be Match.com for business owners
Backed by Dave McClure and 500 Startups, Konnecti wants to be the B2B Yelp for Small and Medium-Sized Businesses (SMBs).
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MENA Digital Universe to grow by over 600% by 2020
EMC Digital Universe Study reveals exponential growth in MENA by 2020, driven by Social, Mobile, Smart City Initiatives and Sensor-Enabled “Things”.
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Egypt plans 2GW auction each for Wind & Solar power capacity
Egypt will soon kickstart its renewable energy auctions as it plans of getting 20% energy from renewable energy sources by 2020.
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Egypt's BOP records $1.5 bn surplus in FY 2013/14
Egypt's balance of payments in surplus despite low tourism as remittances and Arab aid increase.
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Eni awarded 3 new exploration licenses in Egypt
Italian oil major Eni said on Thursday it had been awarded three new exploration licenses in Egypt as it grows its footprint in Africa.
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Cars prices in Egypt grow amid consumer frustration
Car experts blame high US dollar exchange rates and popular demand for fuel saving cars for increase.
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Tourists to Egypt rise 15.8% in July as travel bans lifted
Travel bans issued in February by several European countries after bomb blast in South Sinai - but warnings have since been lifted.
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Egypt tourism ad campaign launches in New York
“The New Egypt” advertisements have appeared on the Nasdaq building in Times Square, accompanied with the message: “Peace, Prosperity and Growth.”
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Payfort launches pay@store service in Egypt
Payfort has announced the launch of its pay@store service in Egypt.
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Fawry announces launch of traffic fine payment service
The service will initially be launched in the Cairo and Giza governorates and gradually be rolled out nationwide.
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Vodafone Egypt seeks inking loan worth EGP4bn with 7 banks
Vodafone Egypt is seeking to sign loan worth EGP4 billion with 7 banks in banking sector before the end of the current year.
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Suez project a good step, but Egypt needs to industrialise
Egypt will never realise its potential, economic and social, unless industry is put at the top of the list.
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Informal sector volume records around EGP 1.5tn: ECES
El-Sayed explained that Egypt’s informal sector consists of 18m establishments, 40,000 of them are factories.