Latest news
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Egypt to pay $1.5bn oil debt this year, restarts BP deal
The latest government figures put Egypt's debts to foreign oil companies operating there at $5.7 billion.
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Qalaa Holdings signs agreement for Sphinx Glass
The size of the transaction will imply an enterprise value of around US$ 180 million which translates into a cash consideration of US$ 114.2 million.
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Algeria, Egypt's Sisi talk security, gas shipments
The offer of five 145,000-cubic-metre cargoes was made after a visit by Egyptian President Abdel Fattah al-Sisi to Algiers.
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Egypt-Saudi company to invest $245 million in housing units
Egyptian state news agency MENA said Saudi Arabia would inject $124 million dollars into the Saudi Egyptian Construction Company.
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Qalaa Holdings awards scholarships for 2014-15
17 top Egyptian students to pursue graduate educations at elite universities abroad with scholarships from Citadel Capital Scholarship Foundation.
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Egypt gets $385m IDB loan for power station
The IDB loan is for a plant in Helwan, south of Cairo, expected to generate 1,950 MW, a statement from the ministry of electricity said.
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Egypt allocates $50 million to revive tourism: official
The allocation will be directed to an intense advertisement campaign among countries with the highest rates of travelers to Egypt.
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US lawmakers: Egypt's "descent toward despotism" risks US aid
Further funds should be withheld until Egypt's leaders demonstrate a commitment to human rights.
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Egypt expanding efforts to ease food subsidy costs -minister
The new system aims to raise incentives for Egyptians to buy only as much subsidised bread as they need.
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Egypt has enough wheat to last 6 months: Official
Wheat stocks should last until the end of the year, thanks to the government buying a record 3.7 million tons of wheat from local farmers.
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Central Bank of Egypt establishes "Long Live Egypt Fund" to support economy
Fund will use account number 037037 in reference to the date of former president Mohamed Morsi’s ouster.
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The military crowds out civilian business in Egypt
Assigning domestic infrastructure projects to the military is hardly a new practice by Egyptian authorities.
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Egypt susceptible to economic pressure from West, say experts
Canada and U.S. urged to use influence at IMF to step up pressure over rights abuses.
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Nestle opens chocolate plant in Egypt, builds factory in Dubai
The new plant in 6th of October City is a 65 million-Egyptian-pound ($9 million) extension to Nestle's existing dry goods factory.
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Stock Exchange ignores Sisi's speech, loses LE4.8 bn
The main EGX30 index dropped 1.66 percent to 8,167.43 points, and the small and medium stocks EGX70 index dropped by 1.56 percent.
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Precautionary measures on Egypt bourse to be removed
Limits on stock price movement to be extended from 5 to 10 percent after Ramadan, financial watchdogs announce.
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Tourism Minister: Egypt to attract Arab tourism
The minister said that the promotion plan included holding a number of events and celebrations in Sharm el-Sheikh and Hurghada.
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Sisi to give up half his salary and properties 'for Egypt'
Sisi vowed to waive half of his EGP42,000 salary, as well as 50% of his properties, and added that he could not override judicial decisions.
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Aramex reaffirms commitment to Egypt, directs more investments
Aramex invested EGP 183 million in the Egyptian market during the past two years, confirming that Egypt remains a key market for this region.
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Egypt's Arab Contractors to expand investments in Africa
Leading construction company says it has 35 projects in Equatorial Guinea, plus a highway linking Ethiopia and Kenya.