News
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Thousands of Egypt textile workers suspend strikes
About 23,000 employees at Misr Spinning and Weaving had been on strike for more than a week, demanding better pay and conditions.
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Egyptian exports to Brazil hit $345m
Egyptian exports to Brazil witnessed a 104% increase, as both countries have a valued relationship in the commerce sector.
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Egypt allocates additional $100 million for fuel purchases
Urgent measures had to be taken in order to ensure the continuation of needed supplies in fuel purchases.
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16-year-old discovers catalyst to turn Egypt's plastic waste into biofuel
Egyptian teen calculates that her method could generate $78 million in biofuels for country annually.
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Egypt textile workers suspend strike after demands partially met
The workers were striking over low wages and corruption allegations, and were promised yearly bonuses and other advantages.
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Morsi agrees on reactivating scientific research
Morsi also called for drawing up a plan for developing invention and reactivating the role of the national committees on virus and cancer diseases.
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Kuwait loans $60m to aid Egypt's gas network
The Kuwait Fund for Arab Economic Development wants to help Egypt boost its infrastructure and bring natural gas to more households.
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Egypt, Saudi Arabia to swap power
As Egypt has been suffering from frequent power cuts, Saudi Arabia decided to help the country by providing power when needed.
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Tanzania-Egypt trade expands to USD50m
The Egyptian Ambassador to Tanzania said Egypt has grown to become a strong and dynamic economy, producing world class quality goods and services.
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Egyptian textile strikes highlight economic challenges facing Morsi
The key export industries are suffering strikes by labourers, which proves again that the demands of the revolution go unfulfilled.
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Egypt's Citadel loss jumps 43 percent on loan fees
Citadel Capital said assets under management had risen 4.9 percent to $4.4 billion in the 12 months till the end of March 2012.
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With global instability, who wants to be a tourist?
CNN's Katia Hetter writes about the global stand of tourism and how traveling to another country has become a joyous factor no more.
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Egypt's new real estate tax to go into effect in 2013
As the law was criticized many times when it was first published, Finance Minister Momtaz El-Said confirmed that it had been modified.
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Political stability brings investors back to Egypt ETF
The index kept rising, as Egypt welcomed its first civilian rule, yet investors became hesitant as a new premier is not in place yet.
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Attackers blow up gas pipeline in Egypt's Sinai
For the 15th time since 2011, the gas pipeline providing Israel and Jordan with Egyptian oil was blown up.
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Egyptian economy still in the doghouse, but there may be hope
After Morsi's historic victory, the macroeconomic conditions for the Egyptian economy improved somewhat.
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A democratic transition in trouble: The need for aid conditionality in Egypt
The early mistakes of what some have called the “stupidest transition in history” have accumulated.
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Morsi: Egypt hopes for new chapter in China-Africa cooperation
At the fifth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC), Foreign Minister Mohamed Kamel Amr read out Morsi's statement.
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Workers in Egypt strikes call for a labor revolution
Workers from seven different industries are on strike in Egypt and the fourth day of protests have turned violent in Suez.
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Egypt: Cautious optimism for auto industry
Sales have been hit by the recent political instability and economic slowdown, but pent-up demand is expected to help the recovery accelerate.