News
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Egypt can resume seed exports to EU: Official
Export ban put in place after last summer's E. coli epidemic in northern Europe is finally lifted, say sources.
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STC, Telecom Egypt develop strategic partnership
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Euro Mena acquires 51pc of Egypt hospital
EuroMena II has already made three investments and is on its way to be fully invested in the next 6 to 12 months, a statement said.
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Rising poverty threatens gains in fight against TB
In recent days, the government has released new figures showing a significant decrease in mortality caused by tuberculosis.
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Brotherhood holds Egyptian army to ransom on aid
With Egypt running on thin foreign reserves, the military faces a tough choice - between the IMF loan and a new government.
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Egypt Threatens Retaliation over Russia's Potato Import Ban
Russia’s agricultural watchdog restricted potato imports from Egypt on June 3, 2011, citing health concerns.
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Egypt gov't launches certificates of deposit sales to citizens abroad
Certificates will carry a 4 per cent interest rate and be sold in $1,000 multiples, says central bank.
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Egypt tour companies to continue offering Jerusalem trips
Chamber of commerce says firms organising controversial pilgrimages for Egypt's Coptic Christians are acting within the law.
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Banque Du Caire Starts Applying Basel II Regulations
Mounir El-Zahed, chairman of Banque Du Caire, said that the Bank is the first to apply Basel II regulations in Egypt before the deadline in Dec. 2012
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Social Media & Politics: Egyptians Swamp Obama Facebook Page
Supporters of presidential candidate Abu Ismail are asking Obama - through Facebook - to declare that their candidate is not an American citizen.
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Egypt's Ezz Steel 2011 net profit falls 20 pct y/y
Net profit after minority interests dropped to 202 million Egyptian pounds ($33.5 million) from 252 million pounds.
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Egypt urban inflation dips to 9 pct in year to March
The urban consumer price index for March was 122.6 versus 112.4 a year earlier, the state statistics agency CAPMAS said.
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Facebook buys Instagram for $1 billion
The sale is expected to close later this quarter, and will bring the nine-person staff of Instagram to the social network.
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Toyota starts Fortuner assembly in Egypt
The Japanese automaker aims to build about 3,000 Fortuner's per year at AAV's plant, with Toyota Motor Engineering Egypt managing the operation.
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Muslim Brotherhood candidate stays focused on Egypt's economy
"It's very important to depend on local, Arab and foreign investments in development programs," Muslim Brotherhood candidate Khairat el Shater says.
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Jail or fine for those violating the wage cap: Parliament
MPs have set tough new rules limiting wages in the public sector to a maximum of LE50,000 per month.
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Network aims to empower MENA female entrepreneurs
"Unleashing the Economic Potential of Women in the MENA Region" will focus on mentoring & levering technology, empowering female entrepreneurs.
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Egypt's subsidies: Reform or die
The economy is facing severe liquidity crunch and the government has had to seek assistance from International Monetary Fund (IMF).
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CBE: 781 Million Disbursed for Yellow Remittances
EGP 781 million have been disbursed during the past two weeks for transfers yellow owners representing 33% of the total value.
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Egypt's nightlife singing the blues
Disgraceful or not, the gambling tax is part of Egypt's State budget, which is forecast to incur a deficit of LE144 billion this year.