News
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Egypt heavily in debt for natural gas
Despite Egypt's immense known & possible gas reserves, debts owed to international oil and gas companies amount to US$14 billion.
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Announcing Fekrety A National Business Idea Competition
"Fekrety" competition at the American University in Cairo (AUC) is hunting for Egypt's most talented entrepreneurs.
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Egypt & Italy sign agreement to facilitate money transfers through post offices
63,000 Egyptian residents in Italy are expected to benefit from the agreement brokered to facilitate and lower the costs of money transfers.
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Fayza Aboulnaga: Saudi Arabia To Aid Egypt
Egyptian officials said earlier that Saudi Arabian financial aid to the country is not in jeopardy despite a mass protest at the Saudi embassy.
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Qatar’s QInvest to hold majority of joint investment with Egypt’s EFG Hermes
The deal announced late Friday will give Qatar’s QInvest a 60 percent stake in the new company.
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Saudi ambassador returns to Egypt
The unexpected Saudi diplomatic break came following days of protests by hundreds of Egyptians outside the Saudi Embassy in Cairo.
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Mahalla textile workers to go on strike Monday
Workers of Egypt's biggest textile company will start an open-ended strike Monday, fighting corruption and demanding a greater share of profits.
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Egyptian Banks Offered US$ 51 Bln Finance For Imports
Consumption rate rose in Egypt after last year’s revolution, as imports volume reached US$ 51 billion.
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Egypt and Dubai in Arabian Travel Market 2012
Tourism Minister Mounir Fakhry Abdel Nour has a word of praise for Dubai tourism’s success story and its emergence on the world map.
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Fugitive tycoon Hussein Salem talks Mubarak, Israel gas deal in first TV interview
Speaking from exile in Madrid, Salem denies charges of corruption and profiteering that in March saw him sentenced to 15 years in prison.
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Samsung Galaxy S III: A first look
Samsung has revealed its flagship Android phone for 2012, with new features and here's what good about it - and what's not.
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Jordan buys more gasoil after Egypt pipe attacks
Continued attacks on a pipeline running through Egypt, Israel and Jordan has disrupted gas supply to the countries.
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Entity Responsible For SMEs Is Important: Soha Soliman
Head of SMEs at National Bank Of Egypt (NBE) Soha Soliman said there are different mechanisms for supporting SMEs.
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IMF: Inflation in the Sudan highest in Middle East region
The detrimental inflation rate is because of rising food prices in meats and dairy products.
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Egypt's c.bank keeps key interest rates steady
The Monetary Policy Committee left its lending rate unchanged at 10.25 percent and the deposit rate at 9.25 percent after its regular meeting.
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Nasdaq OMX Gets Five More Years in Egypt
The Egyptian Exchange has extended a technology agreement with Nasdaq OMX Group.
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Mideast Tourism Industry Targets Hardy Russians
Regarded as fearless in the face of unrest, the Russians also are traveling more than ever.
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Liberian Maritime Forges Partnership with Arab Academy
The cooperation will see Liberian seafarers and maritime officials benefit from the wealth of knowledge and technology of the academy.
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Market Report: Egypt stocks up 0.5 pct on EFG-Hermes expansion
Investment bank's plans to enter Emirates' market boost its shares and help the main index roll back losses from recent Cairo violence.
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Conservationists Concerned About Impact of Large Solar Projects
Conservationists in Egypt are worried about the environmental impact of large-scale solar projects in the desert.