News
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Egypt stocks slump to two-month low on verdict
The Egyptian stock market experienced a severe drop after the unrest that followed Mubarak's life imprisonment sentence.
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EFG-Hermes reject Planet IB bid
Planet IB, a company backed by Egyptian billionaire Naguib Sawiris, offered 13.5 Egyptian pounds a share for Cairo-based EFG-Hermes.
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Mubarak cleared of corruption charges in gas deal with Israel
Ben-Eliezer says deposed Egyptian leader told him explicitly, 'I ordered the army not to open fire.'
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Egypt offers T-Bills as Mubarak verdict sparks renewed protests
After the court sentenced ousted Egyptian president Hosni Mubarak to life imprisonment, Egypt is selling three- and nine-month notes.
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Egypt tops investors in Kurdistan
Egypt has been the biggest investor in Kurdistan for the past five months, followed by Lebanon.
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Egyptian Tourist Office: Islamist win will not affect tourism
After discussions about the ban of alcohol and the implementation of segregated beaches, Egyptian authorities mean to calm the tourism industry.
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Hosni Mubarak gets life imprisonment
Ousted Egyptian president Mohammed Hosni Mubarak and former Interior Minister Habib ElAdly were sentenced to life imprisonment.
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What's behind the third Egyptian fuel crisis?
Egypt faces mysterious fuel shortage for the 3rd time this year, with inside sources citing different reasons.
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EFG-Hermes receives bid at 23% premium as QInvest deal approved
Planet IB Ltd. offered 13.5 EGP per share of the Cairo-based bank EFG-Hermes, which amounts to 6.64 billion EGP.
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Egypt falters on fuel payments, suppliers say
Banks slow to provide letters of credit-traders, as fuel queues form in Cairo this week and suppliers become wary of peak summer season.
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Egypt studying 'Flame' virus damage, says internet security czar
Malware is unlikely to affect Egyptian telecoms networks but a full study on its effects is being prepared, according to ministry.
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Egypt's messy politics and poverty meant people had to innovate
Entrepreneurship has risen to a completely new level, mainly because Egypt's circumstances forced it to.
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A brief on Egypt's tourism and safety situation
Even though it seems like the country is not in its best condition, the IB Traveler still advises tourists to visit Egypt.
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Boom or bust: Will expats invest in Egypt's economy?
With everything that has been going on with the country's economy and its political situation, it is negotiable how much hope expats still see.
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Sawiris backs bid for Egyptian bank EFG Hermes
Gulf Arab financiers also support the takeover bid of EFG Hermes, and investors plan to pay cash for the whole bank.
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Americans kidnapped in Egypt’s Sinai released
Two American men were driving near the Dahab resort when they were stopped by a group of Bedouins at a makeshift roadblock.
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Fears over alcohol and bikini ban in Egypt dismissed
Egyptian tourism authorities have sought to reassure travellers about the future of the country as a holiday destination.
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Liberalization of Sudan currency: A nightmare for Egyptian traders
While this may strengthen the Sudanese pound against the US dollar in the long run, it is causing serious problems with Egyptian trading partners.
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Egypt calls on UK to sign treaty to speed extradition of Boutros Ghali
Official offers London a bilateral treaty on criminal extradition, a deal that could bring prompt swift return of fugitive minister.
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Hermes managing director considers returning to Egypt to face charges
Managing Director of Hermes Hassan Heikal decided to return to Egypt to face stock market manipulation charges.