News
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U.A.E. to invest $3 billion in Egypt agriculture, Ahram says
Agriculture Minister Mohamed Ismail said the joint Egyptian-Emirati projects include poultry and cattle farms, the Cairo-based daily said.
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Egypt's Talaat Moustafa Q1 profit climbs 2.5 pct
Egyptian real estate giant TMG realises net profits of LE173.7 million in first quarter of current fiscal year.
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Citadel revises Egypt energy stake sale terms
Citadel Capital entered into a second amended agreement for the sale of National Petroleum Company (NPC) Egypt to Sea Dragon Energy.
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Egypt eyes 4-4.5 pct growth in 2012/13: minister
Last week, the government submitted its draft budget for 2012/2013 that included 15 percent increase in spending.
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Qatar Petroleum set to invest in Egypt’s Mostorod Refinery
Qatar is spending gas and oil revenue on energy projects abroad after finishing the last of 14 domestic gas liquefaction plants.
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Market Report: Egypt stocks suffer on elections-related unease
With presidential elections around the corner, foreigners appear to be holding their breath before making fresh investments in Egypt's stock market.
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Amer Group studies 2.7 billion pound sukuk offering, Mal says
The company may decide on an Egyptian investment bank to manage the sale in 10 days, the Cairo-based newspaper said.
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EgyptAir academies make a splash in Africa
Find out how the nation that has produced many of the MENA region's greatest teachers and academics is applying learning skills to aviation training.
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CI Capital raises Credit Agricole Egypt to hold
At 13 percent, Credit Agricole's capital adequacy ratio is well above the 10 percent CBE limit, with the majority in tier I capital.
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Presidential Candidate Sabahi: First decision rise in salaries, aid to poor
Sabahi emphasizes that Egypt’s economy is a priority, and lots of steps will be taken to boost it.
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Egypt security raid Iranian TV station's offices
The station has repeatedly applied for permits since it first began its operations in Cairo nearly nine years ago.
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Telecom Egypt Q1 net profit edges up
Telecom Egypt's net profit rose to 912 million EGP in Q1, up from 897 million pounds in the same period a year earlier.
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Delta Insurance's Premiums Raise 19%
Group insurance posted EGP 70 million, medical insurance posted EGP 43 million and individual insurance posted EGP 23 million.
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Egypt maximum wage finally set for July: Official
A long-awaited cap on public sector wages will take effect at the start of the coming financial year, but parliament is still debating the details.
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Egypt signs MOU for Kuwait fund help with railway projects
The fund will finance technical and economic feasibility studies for projects including a new railway signaling system.
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Egyptian wins U.S.$100,000 African Innovation Prize
The winner of the US$100,000 prize Mohammed Sanad said his antenna "suits developing countries, which don't have a telecommunication infrastructure".
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Orascom Telecom Q1 net profit seen at US$45 mn
The Egypt-based company should post a profit for the quarter in the absence of major currency effects.
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Egyptian economy struggles to recover after turmoil
Foreign debt decreased by two billion dollars to 33 billion dollars in April compared with the same period last year.
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Egypt CB resumes talks over $3.2bn IMF loan
Central bank head Farouq El-Oqda relaunches negotiations with IMF in Washington for proposed $3.2 billion loan to Egypt.
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Largest lagoon in the world located in Egypt
The crystal lagoon at Citystars Sharm El Sheikh in Egypt will be officially recognised by the Guinness World Records as the largest in the world.