News
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TEXT-Fitch: Egypt IMF request only a first step
If granted, the facility's most positive impact would be to reassure international investors that Egypt is implementing clear and sustainable fiscal.
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In gas lines, a look at Egypt's credibility gap
Rumors about an impending hike in fuel prices sent Egyptians lining up at gas stations, spotlighting the crisis in Egypt's political transition.
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National Bank of Egypt records highest profits in history
Egypt's largest public bank sees its net profits reach LE2.1 billion, with increases in both loan and deposits portfolios.
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Andritz Hydro wins equipment supply contract for hydro plant in Egypt
Andritz Hydro has been awarded a contract worth EUR107m to supply equipment for a hydro power plant in Egypt.
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Egyptian bank launches ‘card-less’ bill payment
Crédit Agricole has launched its latest bill payment service to both customers & non-customers which does not require a CAE debit or credit card.
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Egypt Offers Dollar T-Bills Today After Fourth Deficit Revision
Egypt will offer $1 bn in one- year dollar-denominated treasury bills today as the nation seeks to cut borrowing costs after revising its budget.
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Telecom Egypt boost hinges on dividend
Shares in Telecom Egypt (TE) are forecast to rise by 32 per cent if the company chooses to pay a bumper dividend to shareholders this year.
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Egypt, Libya eye more industrial cooperation
The Arab Organization for Industrial Development and Metallurgy met in Egypt on Monday for the 2nd time to discuss the country’s industrial sector.
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Looters attack nuclear power plant construction site
The construction site of Egypt’s first nuclear power plant, located at Dabaa in Matrouh Governorate, has been looted and vandalized.
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Italy-Egypt: a “lasting partnership”, says Terzi
Minister Giulio Terzi will be in Egypt on Thursday for bilateral meetings at a crucial stage in the redefinition of regional balances.
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Egypt's Alcotexa sells 5,202 T cotton in past week
Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 5,202 tonnes of cotton in the week that ended on January 14.
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Egypt tourist sector doubts govt figures on visitor numbers
Egyptian tourist industry casts doubts on government data that includes Libyan refugees among tourists entering the country in 2011.
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Egypt to set up renewable energy fund
The Egyptian power sector has decided to establish a special cabinet-affiliated fund to finance renewable energy projects in the coming phase.
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Vodafone's Bladna Mobile set up, first Arab operator in Italy
Vodafone Egypt has decided to launch Bladna Mobile, the first Arab telephone operator to hit the market in Italy.
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Egypt Facebook Users Hit 9.4 Million - Report
Nigeria maintains 3rd position in terms of the number of Facebook users in the African continent, coming behind Egypt and South Africa.
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Egypt Says Deficit to Reach 8.7% of GDP This Year
Egypt’s budget deficit is targeted to reach about 8.7 percent of gross domestic product this fiscal year.
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Egypt asked IMF for $3.2 bln in support -minister
Egypt has asked the International Monetary Fund for $3.2 billion in support, a government minister said on Monday.
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Egyptian order puts spark into Paris wheat
Wheat prices revived in Paris, even as they softened in Chicago, after France won a second order in eight days from Egypt helped by the weaker euro.
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Gas shortages in Egypt escalate despite government’s denial
Gas shortages in Cairo and several Egyptian governorates continued Monday despite repeated government statements denying the crisis.
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Egypt: Minister - 162 Companies to Re-Operate With EGP 5 Billion Capital
Dr. Mahmoud Issa said that 18 banks have confirmed their willingness to reschedule debts of floundering companies due to lack of financial liquidity.