News
-
Egypt Bond Rating Cut as Violence Takes Further Toll on Economy
Egypt’s government bond rating was downgraded for a fourth time in a year, as 10 months of political unrest to bring the economy to a standstill.
-
Jordan, Egypt sign amended gas agreement
Jordan and Egypt signed an amended gas-pricing agreement in Cairo on Wednesday.
-
From Tahrir to Trade: US Economic Policy in Egypt
Egypt’s economy may face a severe crisis due to persistent street protests, strikes, rising inflation, increased food prices and unemployment.
-
Mint and Egyptian Government Bank Sign a MOU for Significant Payments Infrastructure Project
MINT and PBDAC will jointly invest in an existing subsidiary of the bank, eCARD (Egyptian Company Agricultural Rural Development).
-
Egypt’s?stifled?SMEs?gear?up?for?listing
Amid the political uncertainty and stubbornly high unemployment in Egypt, the underserved small and medium-sized businesses sector can drive growth.
-
Market Report: Egypt stocks fall but decline rate eases
Market continues to suffer repercussions of ongoing political instability, albeit to lesser degree.
-
Egyptian restaurant now open in Greensboro, USA
With the revolution in Egypt still creating headlines, a new Greensboro restaurant hopes to capitalize on the interest in the country.
-
Moody’s hits Egypt with downgrade
Moody’s, rating agency, has downgraded Egypt’s sovereign bond ratings by one notch to B2 from B1, pushing it further into junk territory.
-
Egypt’s economy to grow by 3.1 percent next year
Egypt’s economy will grow by only 1.8% this fiscal year and 3.1% next as it recovers slowly from the political upheaval and disrupted the economy.
-
Tourist arrivals drop 24% in third quarter
Tourism in Egypt was down almost 24 percent for the third quarter of 2011 compared to the same period last year.
-
Egypt announces plans to upgrade ports and railway links
A study is to be conducted into transport in Egypt to assess ways of establishing better links between the east and west.
-
Egypt: Gov't, Iraq Eye More Cooperation in Power Field
Electricity Minister Hassan Younis held a meeting on Monday 19/12/2011 with his Iraqi counterpart Karim Aftan for cooperation.
-
Wealth of world’s richest Arabs jumps 5 per cent
Saudi prince Alwaleed bin Talal topped the richest Arabian Business Rich List and the Sawiris family are the only Egyptians in the list 2011.
-
Political unrest pushes Egypt towards economic meltdown
While clashes continue in the centre of Cairo, Egypt is headed towards a major financial and economic crisis.
-
Egypt's ICT export revenue hits USD 1.1 bln in 2011
ITIDA announced it has been a landmark year for the country's outsourcing industry, having achieved its goal of USD 1.1 bn in ICT export revenue.
-
Egypt's OCI to list new firm's shares on exchange
Orascom Construction will list the shares of its construction business on the Egyptian stock exchange in a demerger process.
-
Vinci wins contract for a dam in Egypt
French construction firm Vinci signed the contract for the design-build of the Assiut dam, in Egypt, with the Reservoirs and Grand Barrages Sector.
-
Cabinet to challenge re-nationalization of cotton company
The cabinet is considering making a legal challenge to a court ruling annulling the privatization of the Nile Cotton Ginning Company.
-
Market Report: Stocks fall on 5th day of political turmoil
Real estate sector leads market decline on back of ongoing clashes between security forces and anti-govt activists.
-
New Egyptian state TV HD studios rely on RTS/TELEX for intercom system
With new investment in its Nile TV Int'l channel, Egyptian state TV has prepared the way for the country's first-ever broadcasts in HD quality.