News
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Egypt urban inflation falls to 8.79 pct in April
The urban consumer price index for April was 123.8 versus 113.8 a year earlier, the agency CAPMAS said.
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Suez Canal revenue at $433.1 in April
The waterway is a vital source of foreign currency in Egypt, along with tourism, oil and gas exports and remittances from Egyptians living abroad.
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World Economic Forum kicks off in Ethiopia
Egyptian delegation joins participants from over 70 countries in three-day conference to discuss ways of alleviating unemployment and poverty.
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Egypt's CIB says Q1 net income jumps 64 pct
Net profit for the quarter rose to 505 million Egyptian pounds ($83.64 million) from 308 million pounds in the first quarter of 2011.
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Egypt Says Net Reserves to Rise on Growth, Suez Canal Revenue
Kamal El Ganzouri said that the gains reflect improved security in the country and that revenue from the Suez Canal will also increase.
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MIT Announces 14 Finalists in Arab Business Plan Competition
Teams from Egypt comprised 50% of the finalists (and applicants), and the quality of applicants keeps improving.
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Higher education minister to leave govt in cabinet reshuffle: Sources
Egypt's higher education minister says he will depart El-Ganzouri government in anticipated limited cabinet shake-up.
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New Egypt budget would boost spending by 15 pct
Once approved by the army-appointed cabinet, the budget will be sent to the country's newly elected parliament.
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Egypt Central Bank Says Reserve Ratio Cut Depends on Liquidity
The central bank on March 20 reduced by two percentage points to 12 percent the reserve requirement ratio for banks.
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Turkey’s Is Bankasi Conducts Due Diligence On Piraeus Bank Egypt
Senior officials at Piraeus Bank told Amwal Al Ghad that Central Bank of Egypt chose Turkiye Is Bankasi to conduct due diligence.
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Market Update: Egypt stocks slip 0.5 pct on Wednesday
The benchmark EGX30 went down 0.48 per cent to 5,032 points by the close of Wednesday's session, as EGX70 slipped 0.11 per cent.
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Swiss-belhotel embarks on major MidEast expansion
Chairman and president Gavin Faull said the group was eyeing more opportunities in Saudi Arabia, Lebanon and Egypt.
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World Bank to Finance Helwan, Kom Ombo Power Plants By $500 Million
The projects' investments estimated at about $ 500 million to add 2050 MW to the capacity of the national network.
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Egypt’s uncertain road to prosperity: economic challenges to long?term stability
Egypt has derived a significant portion of its economic resources from strategic rents in the form of political, economic, and military aid.
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Centamin gold output rises, shares up
Production at Sukari - the first large-scale modern gold mine in Egypt - rose to 49,071 ounces for the first quarter.
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AfDB 2012 annual meetings to focus on Africa and emerging global landscape
The African Development Bank (AfDB) Group will hold its 2012 Annual Meetings in Arusha, Tanzania, from 28 May to 1 June, 2012.
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Poll: Most Egyptians think US aid billions have 'negative effect'
A poll by the Washington-based Pew Research Center also reveals growing Islamic sentiment among Egyptians since the Arab Spring.
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Howard Carter celebrated in Google doodle
Google homepage graphic pays tribute to archaeologist who discovered Tutankhamun's tomb in Egypt in 1922.
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Egypt to finally see 2012/13 draft budget this week
The proposed budget for 20/13 - already over a month late - will be presented for parliamentary approval within days.
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UT's global science Internet extends link to Egypt
It took more than two years to complete the link, which is part of the Global Ring Network for Advanced Applications Development.