News
-
Saudi to give Egypt $250m in cooking gas
Kingdom offers to help ease Egyptian gas shortages but it remains unclear whether supplies will be sold or given as a grant.
-
Shura Council committee asks US to forgive Egypt's debt
10 percent of Egypt's foreign financial obligations are its debts to the US - and Egypt should be exempted, says the Shura Council.
-
Egypt faces hard economic challenges
The funding gap of the FY 2011-2012 budget is about $23 billion, which is 10% higher than the gross domestic product.
-
Egypt tourism figures increase by 30%
Egypt’s returning stability has resulted in tourism numbers increasing by 30 percent last month compared to the same period in 2011.
-
356,000 feddans allocated for investors as of mid-July
The pieces of land are allocated in Sinai, Toshka and Sharq al-Owainat in the New Valley governorate.
-
Egypt sells reopened bonds worth 2.5 billion EGP
The five-year bonds which mature on April 10, 2017, carry a 16.55% coupon, while those which mature on April 3, 2019, carry a 16.85%.
-
Market Report: Egypt stocks down 1.7 per cent on Orascom profits dip
Exchange sees across-the-board losses as investors move to limit their exposure ahead of Saturday's election.
-
High-speed internet network could enhance global scientific collaboration
The US National Science Foundation gave Egypt a grant to be linked to GLORIAD in 2010, the Global Ring Network for Advanced Applications Development.
-
Egypt's Alcotexa sells 502 tonnes cotton in past week
Egypt's Alexandria Cotton Exporters' Association sold 252 tonnes of Giza 88 cotton and 250 tonnes of Giza 86.
-
Egypt's Orascom Construction optimistic for full year
Although Q1/2012 did not look too great for Orascom Construction, the company id confident it will be able to handle whatever is to come.
-
Opinion: The unresolved question of Egypt's economy
Internationally syndicated columnist Ramzy Baroud writes about the ironic relationship between social justice and IMF loans.
-
NGOs see funding dry up as donors grow scared
With all the economic and political turmoil Egypt is going through, NGOs are starting to worry as investors and donors pull back.
-
Egypt core inflation slows to 7.2 pct in May
Urban consumer price inflation also slowed, easing to 8.3 percent in the 12 months to May from 8.8 percent in April.
-
EFG Hermes faces its own Arab Spring
Analysts see battle for control of EFG-Hermes as sign of confidence in bank’s future.
-
Egypt Jul-Mar balance of payments $11.2 bln deficit
Tourism and investment, two of Egypt's sources of foreign currency, have been among the hardest hit sectors after January 25th, 2011.
-
Arab economies will live or die by governance reforms
Even though Arab economies have not drastically improved after the Arab Spring, one must bare in mind that economic circumstances were its trigger.
-
Egypt gas exports to Jordan cut again: Official
Supply of Egyptian natural gas to Hashemite kingdom is cut once again for unknown reasons, according to Jordanian officials.
-
Market Update: Egypt stocks slip 0.4 pct as turnover tumbles
The benchmark EGX30 closed Sunday down 0.39 per cent at 4,471.8 points amid minimal trade, while EGX70 slipped a marginal 0.06 per cent.
-
Brangelina to visit Egypt on honeymoon
Hollywood couple and actors Brad Pitt and Angelina Jolie chose Egypt as a destination for their honeymooning trip.
-
Yield rises at Egypt 273-day T-bill auction
The average yield edged high to 15.859 percent from 15.825 percent at the last issue on May 29.