News
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Morsi assures tourism has priority in Nahda Project
Presidential Candidate Dr. Mohamed Morsi stressed that Egypt has great capacities for tourism which can be a real driver of development.
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All eyes on Egypt in Tourism and Economy
MP Mohamed ElSawy assured all political forces have agreed on the international launching of the ‘Document on Egyptian Tourism’.
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HC cuts Egypt's NSGB to neutral
Shares of NSGB, which is 77 percent owned by France's second biggest listed bank Societe Generale, had touched a year-high in March with 30EGP.
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Egypt misses debt sale goal as yields rise
Egypt sold 1.5 billion pounds of the three billion pounds of nine-month treasury bills offered as the average yield rose 16 basis points.
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Egypt reserves increase due to temporary inflows: Economist
An uptick in tourism, funds from Iraq and fewer luxury imports are all behind the first rise in reserves in 18 months.
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Egypt puts squeeze on profits for NSGB
Profits fell to 349.9 million Egyptian pounds during the first quarter, a 3.8 per cent dip compared with the same period a year earlier.
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Aramco to raise differentials for Sidi Kerir oil
Arab Extra Light was set at a 65 cent premium to the benchmark, a 20 cent increase from the May price formula.
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Egypt leads global markets in 2012 while Cyprus suffers from Greek bail-out
With a third of 2012 now behind us, the winners and losers among the world’s benchmark stock markets are starting to emerge.
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Abbasiya bakers feel the heat, slash production 40 pct due to clashes
Last week's series of fatal attacks on protesters in eastern Cairo prompted nearly half the area's bakers to halt work.
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Saudis pump $1 billion into Egypt economy and re-open embassy
Abul-Naga denied media reports claiming that Saudi Arabia intends to suspend financial aid to Egypt.
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Egypt Shares Gain After EFG-Hermes Agrees on QInvest Partnership
The EFG-Hermes agreement is positive from the perspective of locals because it reaffirms that foreigners are still interested in Egyptian companies.
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Egypt
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Foreign currency reserves rise for 1st time since 2011 anti-Mubarak uprising
The reserves stood at $15.21 billion by the end of April, an increase of $100 million over the previous month.
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Toshka New Valley Project: A Failure of Planning or a Failure of Implementation
The Toshka New Valley project is meant to develop agricultural production and create new jobs away from the Nile Valley.
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Egypt's Juhayna sees 14 pct drop in Q1 net profits
The dairy products and juices maker reported profits of LE50 million ($8.27m) for the opening three months of last year.
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Cairo reapplies for IMF debt-aid
A series of blows to a final agreement with the IMF have raised fresh concerns about whether Egypt can sustain its fiscal situation much longer.
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Gras Savoye Launches A New Insurance Consultancy Company In Egypt
Gras Savoye Insurance Company is confident in the Egyptian market and that the political and economic stability will return to Egypt.
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Opinion: What we owe Egypt
What can we do to kick-start economic growth and reduce poverty not only in Egypt, but around the world?
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Hurghada Airport receives 14 thousand tourists
Most of the tourists arrived at the airport are Russians (7000 tourists), as well as 3000 German tourists.
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Arab Spring good for business schools
Dubai's branch of the London Business School also recorded increased enrollment from Arab Spring-affected countries like Egypt.