News
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Egypt signs $1 billion Turkish loan deal
Mursi signed the loan agreement with Turkish Prime Minister Recep Tayyip Erdogan after giving a speech at Turkey's ruling AK Party conference.
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US partners with young Egypt entrepreneurs to launch new business ideas
During the weekend, aspiring entrepreneurs formed twenty-four teams to develop and pitch ideas to start new businesses in Start-Up Weekend Alexandria
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Sanmar Group to invest $200 million to expand factory in Egypt
The Sanmar Group is the largest corporate investor in Egypt, with its investments totalling $1 billion.
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Banks temporarily stopped financing luxury cars due to economic instability
This resulted in the length of the funding and the high value of the premiums what led to the failure of customers in payment.
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Egypt's lower classes find solace in mobile phones despite economy
Mobile phone subscriptions in the country rose by 18 percent to 84.43 million last year.
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Price competition spurs mobile market growth in Egypt
Broadband is now expected to be the key driver of fixed-line services in the country.
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28 million square meter for tourist investments
India proposed a project to establish a "Pharaoh" train, which will enjoy the design of the past and the technology of the present, he said.
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U.S. move to give Egypt $450 million in aid meets resistance
The aid is part of the $1 billion in assistance that the Obama administration has pledged to Egypt to bolster its transition to democracy.
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Egypt's president heads to Turkey to build on ties
Even though Morsi has only been in power for a few months, there are already strong signs a partnership with Turkey is forming.
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Vietnamese firms explore business in Sudan, Egypt
Egypt is one of Viet Nam's most important export markets & Viet Nam's exports to the country hit $256 million in 2011, up 47 per cent year-on-year.
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Tourism takes a hit from prophet protests
It was another setback for a business that had plummeted in parts of the Middle East and North Africa last year during the uprisings.
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Egypt-Kuwait sign two agreements with U.S.$60 million
A loan between Egypt and the Kuwaiti Fund was signed to grant Egypt about $ 60 million to expand the natural gas network in Cairo and Giza.
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Egypt slips back from 19-month high
On Wednesday it closed at 5,969 points, its highest since January 27, 2011, losing 1.4% on Thursday.
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Qandil: Egypt should have a 'knowledge-based economy'
“We want to see Egypt adopt a knowledge-based economy,” he told a crowd of petroleum industry professionals and delegates at a conference.
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Egypt’s power cuts turns blackouts into Green Business
There is hope for the country’s citizens, as a new project aims to tackle electricity by using alternative power methods.
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NAWBO members meet with Egyptian counterparts
The participants discussed best business practices and strategy, the economic environment and compared differences between the two countries.
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US, Egypt try to salvage relations
Clinton and Morsi particularly emphasized the importance of ensuring the security of diplomatic installations.
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Egypt says aims to settle investor disputes amicably
Court cases challenging contracts signed under the administration of Mubarak have been one of the main obstacles to restoring investor confidence.
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Egypt: A myriad of business opportunities
For foreigners, starting a business in Egypt is an attractive proposition due to a new legal framework, allowing 100% foreign ownership of companies.
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Mursi calls for cooperation between cultures
Mursi signaled an embrace of multiculturalism as an alternative to a single culture seeking dominance in Egypt.