News
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Post-revolution Egypt still has plenty to offer tourists
It's been a dramatic time for Egypt but a quiet time for the country's tourist industry; a shame since it offers a vast array of idyllic delights.
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Russia, Egypt work jointly to safeguard Russian tourists
There have been talks and contacts with Egypt to increase the number of qualified medics employed at hotels in Sharm el Sheikh and Hurghada.
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Govt to accept US$1 bln loan from Islamic Development Bank
Abouelnaga said money from the loan will be distributed to the Egyptian General Petroleum Corporation and the General Authority for Commodities.
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Can an Islamist President revive the Egyptian economy?
Mohamed Morsi’s election as President of Egypt is certainly a victory for democracy, but is it a victory for the Egyptian economy?
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The key to liberating Egyptians? The economy
In 18 months of upheaval, all Egypt's economic indicators have headed south, but now, there is hope again.
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Winners of the MIT Enterprise Arab Business Plan Competition announced
After winnowing the top 50 teams down to 14 Finalists, the final three were announced at the final ceremony in Dubai.
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Dana Petroleum oil wells go on stream in Egypt
Aberdeen-based oil firm Dana Petroleum has announced that two new wells have gone on stream in the Gulf of Suez.
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"We're here to stay", Egyptian investors assure Liberians
The Liberian business horizon is rosy, and several Egyptian businessmen are planning to take advantage of the roaming positiveness.
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Egypt's power vacuum threatens the economy
The stock market surged and investors cheered after Mohammed Morsi was elected President of Egypt, but the worries are not over.
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U.S. urged to reach out to "pro-business" Egypt
Discussions around the free trade pact between the United States and Egypt have just become serious, yet Cairo needs to be flexible.
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What the Muslim Brotherhood election means for the Egyptian economy
Although the stock market made a massive jump after Morsi became president, some are concerned that this is just an artificial positive sentiment.
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Egypt is ‘still looking’ at IMF loan, Mursi Spokesman says
The much debated International Monetary Fund loan is still a matter of uncertainty in Egypt, as the president is still looking into it.
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Market Report: EFG-Hermes keeps Egypt market in green
Bourse closes up 1.7 pct on Thursday, driven by heavy trading on Egypt's leading financial services company.
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Egypt ex-minister jailed 15 years over Israel gas deal
Former Minister of Petroleum Sameh Fahmy & businessman Hussein Salem were sentenced to 15 years in jail for exporting gas to Israel at low prices.
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Ganzouri Economic Plan outlines long term economic recovery
The plan aims to achieve social justice, to raise the living standards of Egyptian citizens, and to develop a strategic, 20-year vision.
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Brotherhood can lift economy from slump: Economist
The brotherhood and the party have a group of businessmen with a strong economic background, some of whom were educated and trained abroad.
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Egypt to sue Iran news agency over 'fabricated' interview
Apparently, Iran had fabricated an interview with Egyptian president Morsi, make-believing that he would improve ties with Iran.
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Egypt Islamist president faces huge economic challenges
Rising deficit, tourism drop, and the lack of confidence investors have towards Egypt are just dome of the battles Morsi has to fight.
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Three banks in Egypt face the threat of downgrade
Standard & Poor's announced the downgrade of three major Egyptian banks, as several banks face significant sovereign risk.
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Egypt’s first eco-lodge offers tourists environmentally friendly haven
Basata, an eco-lodge near Nuweiba, is a symbol of eco-tourism in Egypt, and a proof that it this type of tourism can be very successful and popular.