News
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Unrest blow for tourism sector
Tourism in Egypt, Tunisia, Yemen, Jordan, Bahrain and Lebanon is suffering, yet, it seems like tourists are gradually coming back.
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LE 300 million for training youth in small, medium size industries
500,000 youth will be trained in small and medium sized industries, according to Egypt's Industry Minister Mahmoud Eissa.
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Egypt's policy makers scramble to avert currency collapse
Although Egypt's central bank is trying to keep it confidential, it is no secret that the country's currency is in danger.
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UAE to finance Egypt's Al Azhar projects
The United Arab Emirates will fund Al Azhar with DHS55 million in order to fulfill a cultural and scientific MoU.
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Egypt's new president on country's travel ban list
Current president Mohammed Mursi was banned from travelling during Mubarak's era for being a member of the Muslim Brotherhood.
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Egypt postponing oil, gas rights bids until August
Egypt holds the continent’s third-biggest gas deposits, at 77 trillion cubic feet, and Africa’s sixth-largest oil reserves.
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Morsi brings hope of economic renewal
If it is right that healthy political conditions will boost economic development, a brighter future will open to Egypt's economy.
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Egypt bans Cleopatra Chairman from travel due to labor dispute
Prosecutors are investigating claims the company has violated a collective labor agreement, withheld pay and prevented workers from doing their jobs.
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Egypt's shares regain upward momentum
Foreign investors, who had been net sellers for weeks, had begun buying again in the last two or three days after optimism spread.
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Carving a New Niche in Egypt
Russia is planning to keep its positive ties with Egypt to rebuild the diminished economic strength of Russia following the Soviet collapse.
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Domestic rebar prices slashed in uncertain Egypt market
Rebar is trading for an average of E£4,300 ($708) per tonne ex-works, down from E£4,550 per tonne at the start of June.
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Egypt's index ends seven days of gains
Among decliners are Talaat Moustafa, down 3.7 percent, Citadel Capital, down 3.7 percent, and Palm Hills, down 3.3 percent.
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Obama refuses to acknowledge danger of an Islamist Egypt: Analysts
The Muslim Brotherhood’s success stems from a combination of political and social factors that peaked by the mid-twentieth century.
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London Stock Exchange welcomes Orascom to Main Market
Orascom Telecom Media and Technology was the first MENA region company to use LSE’s Admitted to Trading Only facility.
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Egypt’s tourism industry fears for future
Mursi's victory has stirred fear amony some parts of the tourism sector, despite his vows to save and encourage tourism in Egypt.
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Finance Minister: 14 million civil servants to benefit from increment
Six million state civil servants will benefit from the 15% increment, and so will 8 million pensioners.
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Foot-and-mouth disease stalks Egypt
As Egypt struggles to make vaccine, agriculture experts fear a vicious circle has begun, starting with political disarray spreading animal disease.
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Oxford Business Group & HC Securities & Investment up for Egypt 2012 report
The Report will provide in-depth analysis of how the country's assets could provide the cornerstones for attracting long-term investment.
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BG Egypt starts gas production from WDDM Phase 8b
BG Egypt said the project would maintain production in the North African country and help meet its gas supply commitments.
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HSBC acquires stake in Egypt's EFG Hermes
HSBC bought at least 5% of EFG Hermes, the Middle East bank that has lately been facing a lot of challenges and conflicts.