Latest news
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Alexandria to host the first Mediterranean cuisine festival
The festival is part of a European Union initiative to improve food traditions in the Mediterranean region.
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Egypt's trade deficit slows 21% in December 2013 Y-o-Y
Egypt's trade balance deficit reached LE18.04 billion ($2.5 billion) in December 2013, state-run statistical body CAPMAS reported on Monday.
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Egypt frames new plan for wage restructuring
The reform plans currently prepared by the Planning Ministry aim to restructure the wage system as well as fix a minimum and maximum wage.
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Egypt turns to Israel to address shortage of natural gas
The state-owned Egyptian Natural Gas Holding Company (EGAS) is turning to Israel, a former export destination of Egyptian gas.
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Souq raises an additional $75m from Nasper's
Today, Souq.com boasts 23 million visits per month on its website, and 6.2 million registered users.
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4,000 jobs in communications sector before June 30: minister
The communications sector’s addition to the Gross Domestic Product (GDP) in Fiscal Year 2013-2014 would be 60 billion EGP.
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Egypt unified telecom license to be activated before June 30
The license would allow telecommunication companies to operate fixed-line and mobile networks.
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The Egyptian Economy: Anesthetic or Remedy?
Is Egypt treating the consequent symptoms of its economic problems or is it focusing on the root of all setbacks?
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McDonald's Egypt raises its investments by LE1 bn
McDonald's Egypt is embarking on an ambitious expansion plan, hoping to more than double its branches nationwide in the coming seven years.
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Egypt shoots for 3.4% GDP growth during next fiscal year
Gross domestic product grew by merely 1% during the first quarter of Fiscal Year 2013/2014.
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Majid Al Futtaim disburses 1st tranche of US$500mn Egypt loan
The 10-year term loan will be used to take part in funding the Group's Mall of Egypt in Sixth of October City.
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Egypt tourism totally collapsed, changes needed - minister
Zaazou told the state news agency that he is looking into legislative amendments to resolve the problems that the sector is suffering from.
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Propertyfinder.eg gathers 100 experts in real estate event
Networking evenings promote information exchange between real estate professionals and foster a platform for growth and education.
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Int'l companies support Austrian Startup "Coworking-Camp" in Egypt
From March 23rd to 30th 2014 the 1st Coworking-Camp will take place in El Gouna, Egypt.
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Egypt-GCC business ties grow as political bonds flourish
The Gulf aid has helped Cairo to stabilize reserves and cut foreign-currency shortages, and in turn helped to boost the flagging Egyptian pound.
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Samsung Electronics to introduce its new nine of NFC-enabled printers
Xpress C1860 and Xpress M2885 series printers deliver high-performance mobile printing and are now available in Egypt.
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IGA: EU extends freeze on Mubarak’s assets
The decision comes in response to an IGA official request to the EU to freeze the assets of 19 members of Mubarak’s regime.
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Debt casts shadow over Egypt’s recovery
A Reuters analysis suggests Egypt’s state finances will continue deteriorating into the second half of the decade.
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Egypt to see $1.3 billion in Italian investments: Foreign ministry
Italian investments to target energy & infrastructure projects, says foreign affairs ministry, following a meeting between officials.
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Opinion: Open for Business?
While not having faced a technical recession since 1992, Egypt has been inching closer and closer to one for the past 3 years.