News
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Jordan hikes electricity price after Egypt gas cut
Jordan said on Monday it will raise electricity prices this week by between 9 & 17% to offset losses caused by cut-offs in Egyptian gas supplies.
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Minister: Canceling industrial zone agreement would harm Egypt
Canceling an agreement that allows companies to export products with Israeli components duty-free to the US would harm Egypt, Mahmoud Issa said.
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Egyptian Stocks: Telecom Egypt and Raya Holding Are Active
Egypt’s benchmark EGX30 Index (EGX30) fell for the first time in six days, losing 0.3 percent to 4,520.86 at 1:02 p.m. in Cairo.
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Egypt trims 3 and 5-yr bond sale as yields climb
Egypt's central bank sold half the number of reopened three- and five-year bonds that it offered at an auction on Monday.
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Security Official: Armed Men Rob HSBC Egypt Bank
The official said that seven gunmen charged Monday into the New Cairo branch of HSBC Bank on the city's outskirts and took money from tellers.
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Egypt's banks and Bourse to close on 5 February
Country's financial institutions will stayed closed on Sunday to mark the Prophet Mohammed's birthday.
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Egypt Auto Sales Dropped 29% Last Year, Al Mal Reports
Auto sales in Egypt declined 29 percent in 2011 from a year-earlier to 176,157 vehicles, Al Mal newspaper reported.
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23% - Role of Social Networking in Egypt in Getting Political New
Nearly a quarter of Egyptians (23%) say they have used social networking sites such as Facebook, MySpace and Twitter to obtain political news.
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Telecom Egypt hopes to become 4th mobile operator
Telecom Egypt (TE) plans to apply to become an MVNO if the regulator makes this possible, Ahram reported, citing CEO Tarek Aboualam.
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IMF loan to Egypt will carry lower interest rate: Ministry official
Future borrowing from the global body will be at 1.12% floating annual rate due to a worldwide drop in interest rates, says ministerial assistant.
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Telecom Minister's 'smuggled international calls' statement is 'draconian', say activists
“The Minister’s definition for a smuggled int'l phone-call is any voice communication through the internet, that is untaxed,” said Ahmed Khair.
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Egypt Seeks to Smooth Ties With U.S.
Tensions Over Raids and Travel Bans Targeting Pro-Democracy Groups Pose Threat to Aid Funds.
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Orascom: Separation Of Fertilizer And Construction Business Presents A Spin-off Opportunity
Investors particularly looked at Egypt with an active stock exchange, and a nation in control of the strategically important Suez Canal.
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Fuel shortages continue throughout Egypt
The shortage of fuel and butane gas cylinders is continuing in many governorates amidst protests against soaring black market prices.
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Egypt wins membership of Africa’s Peace and Security Council
The African Ministerial Council elected Egypt to be a member of the African Union Peace and Security Council for two years as of March 2012.
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Egypt extends rally after peaceful demos; Gulf mixed
Egypt's bourse continued its rally on Sunday after a 7% surge in the previous session on relief that protests last week took place without violence.
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Abouelnaga: Egypt will negotiate swifter Arab financial aid 'with dignity'
Egypt will negotiate expediting the payment of financial aid Gulf countries pledged to Egypt following the 25 January revolution with dignity.
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Bisco Misr’s Cairo production restarts after strike freeze
Confectioner says factory is back to work after a labour dispute forced its week-long closure.
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Egypt's external debt climbs to $ 34.9 bln, EU is largest creditor: Report
Egypt's external debt reached $34.9 billion at the end of the 2010-11 financial year, an increase of $1.2 billion on the year before.
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Privatization Plan to Continue, Egyptian Minister Says
Fayza Abu El Naga said Saturday that the government is yet to take any step to put an end to the country's privatization plan.