News
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Egypt forms commission to resolve land disputes
Instead of turning to international arbitration, the government creates a special commission to look into land disputes with investors.
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Rising spending power energizes Egypt’s domestic tourism
The country’s outbound travel market has been experiencing an extraordinary transformation.
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Sea Dragon strikes share deal to buy oil and gas company in Egypt
The properties being acquired include 100 per cent of three oil and gas concessions in Egypt — the NEM, SAZ and SHM energy prospects.
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Egypt’s treasury to save LE20 billion on new gas agreements: Minister
Egypt's minister of petroleum is determined to redraft Egypt's gas supply contract with Israel.
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Law on maximum wages to become effective in February
The law sets the maximum wage at 35 times the minimum wage for public servants, consultants and experts working on a permanent or temporary basis.
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Egypt Chamber of Tourism demand inclusion in constituent assembly
The Muslim Brotherhood's Freedom and Justice Party will discuss plans related to the tourism sector with Chamber of Tourism representatives.
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Insurance firms at stake in Egypt
In these insecure times, more and more people are taking out insurance policies, which is also pushing the cost of insurance ever higher.
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Volatile markets expected to yield growth in 2012: HSBC
HSBC’s Global Asset Management Outlook for 2012 shows the bank’s optimism regarding emerging markets.
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Egypt withdraws land from Egyptian businessmen
The land to the northwest of the Suez Canal was withdrawn from businessmen including steel magnate Ahmed Ezz and telecoms tycoon Naguib Sawiris.
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Jordan, Egypt discuss trade relation
Jordan Chamber of Commerce President Nael Kabariti urged Egypt to provide facilities for Jordanian trucks crossing into Egypt en route to Libya.
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Egypt to cut governmental expenses
Public sector worker bonuses might see cut of 10 per cent while pledge to cut government operating spending by 3 per cent remains free from details.
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ElBaradei unveils own crisis plan for Egypt’s economy
The strategy recommends the removal of bureaucratic and administrative hurdles so as to encourage Egyptian and Arab investors.
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IMF delegation to discuss loan in Egypt in mid-January
“The IMF has not formulated any special terms for aid to Egypt,” Finance Minister Mumtaz al-Saeed said.
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Arqaam Capital buys El Rashad brokerage
No financial details of the transaction were provided but Arqaam bought the entire 100-percent stake in El Rashad from Al Rashad Holding Co.
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Local initiative in Upper Egypt encourages eco-tourism
The New Hermopolis eco-village in Upper Egypt aims to encourage responsible tourism in a region off the beaten track.
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Egypt and Israel negotiating new gas export contract - report
Egypt's Petroleum Minister Abdullah Ghorab said that under no circumstances would he agree to a price lower than $5 per MMBTU.
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Qatar allocates land for Egyptian school
The Egyptian Language School in Doha has undergone a complete change of management at the senior level as a consequence of Egypt’s revolution.
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Qatar, Oman markets post growth in 2011
Most Arab markets performed poorly, with Egypt posting the worst result, down 49 percent.
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European Islamic Investment Bank takes strategic stake in Rasmala
Rasmala is a leading investment bank operating in the Gulf Cooperation Council (GCC) countries and Egypt and specializes in asset management.
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Indian onion exports decline 23%, China and Egypt dominate
China and Egypt are dominating the international market by selling bulb at less than $200 a tonne, trade sources said, while India pays $250/tonne.