News
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'Bank of Ideas' at El-Sawy Culturewheel
Public seminar entitled 'Bank of Ideas' at El-Sawy Culturewheel on Friday 6 January to discuss solutions to Egypt's uncertain future.
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Egypt forex reserves drop to $18.1 bln in Dec-cbank
Egypt's net foreign reserves dropped to $18.12 billion at the end of December from $20.15 billion a month earlier.
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Can Egypt, tourism, alcohol and bikinis survive?
Worries are abounding in Egypt that the rise of Islamic groups will mean an end to alcohol, bikinis and ultimately tourism to the country.
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Egypt's TIEC plans 'Neighbourhood' local portal scheme
Egypt's Technology Innovation and Entrepreneurship Center (TIEC) has announced plans to launch the 'Neighbourhood' initiative in early February.
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Egypt: Petroleum Minister - Amendment of Gas Contracts With Israel Soon
Abdallah Ghorab confirmed on Tuesday 3/1/2012 that the new prices of gas contracts will be between $5 to 7 for each one million thermal unit.
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Restoring stability vital to remedy the economy - restauranteurs
Restoring stability across Egypt is vital for all businesses to flourish anew, and most specifically the tourism sector with sub-sectors.
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Brazilian Sugar Destined for Egypt, Bangladesh, Ship Data Show
Forty percent of the sugar waiting to be loaded at ports in Brazil will be shipped to Saudi Arabia, Egypt and Bangladesh.
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Orascom Hotels & Development signs agreement with Troon Golf
Orascom Hotels & Development contracted Troon to manage and operate the company’s golf facilities in El Gouna and Taba Heights in Egypt.
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Cairo International Book Fair to open 22 January
The Cairo International Book Fair will open on 22 January and end on 7 February, the Egyptian Publishers Association (EPA) announced Tuesday.
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Egypt prepares for unified Arab power linkage
The Egyptian Electricity and Energy Ministry is to sign power linkage agreements with Saudi Arabia.
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EGX announces cancelation of 185.440 local deposit receipts of ODH
EGX has received a fax from Misr for Clearing stating the cancelation of 185.440 local deposit receipts of Orascom Development Holding.
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Qatar denies US pressure to freeze donations to Egypt
Qatar’s ambassador to Egypt has denied reports that his country has been under pressure from the US to freeze the financial assistance to Egypt.
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Telecoms: Smart money is on Smart phones in Africa
In Egypt, chip manufacturer Qualcomm acted as a broker between operator Mobinil and Huawei for the operator to launch its own-branded Huawei devices.
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Market Report: Egypt stocks stagnant as bourse reaches 'stability point'
EGX30 falls 0.02% to 3,655 points; Daily turnover remains low as ever due to Christmas holidays, political uncertainty.
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Ganzouri reviews preparations for inaugurating underground metro line
PM Kamal El Ganzouri reviews preparations for inaugurating the first stage of the 3rd underground metro line between Attaba and Abbasiya.
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Expatriates to boost Egypt's economy
The Minister of Manpower admitted that several problems were standing in the way of expatriates’ investments.
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Egypt eyes $650m of foreign funding
Egypt's ruling military council is set to agree to take foreign funding worth $650 million from the World Bank and European Investment Bank.
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Egypt to Offer $2 Billion in Debt After 3rd Budget Gap Revision
Egypt plans to sell 12bn EGP in treasury bills & bonds in the next week after revising its budget deficit target the 3rd time since the fiscal year.
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Egypt's Chemical Industries to report 21% decline in net profit to EGP645m
Cairo-based Chemical Industries Holding Company will report this month that net profit for the financial year ending June 30, 2011 declined 20.85%.
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Fears for tourism grow as Egypt Islamists ponder fate of bikini
Islamists' thoughts on what tourists may wear or drink are being scrutinised amid fears they will harm Egypt’s vital tourism industry.