News
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Corruption continues while complaints remain low, says report
Egyptian Junior Business Association (EJB) held discussions on Tuesday on the role of private companies in fighting corruption in Egypt.
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Market Report: Egypt's major stocks up further 1.1 pct on merger hopes
Exchange sees a late-session rally driven by the prospect of international deals involving EFG-Hermes and Orascom Telecom.
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Egypt military official defends army's economic interests
Military's economic self-sufficiency is essential to Egypt's well-being and has saved the country from insolvency and shortages.
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Egypt army sees further drop in FX reserves: paper
Egypt has spent more than $20 billion in foreign reserves to support the pound, which has weakened by only 3.65 percent against the dollar.
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Qatar's Mannai, Egyptian bank EFG Hermes reach $445 million deal to buy Mideast jeweler Damas
The purchase price represents a 45 per cent premium over Damas' share price before Mannai confirmed its interest in January.
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Egypt In Move Towards Internet Censorship, Likely To Ban Porn Sites
News today suggesting that Egypt may seek to censor internet activity shows the country may be moving in a more extreme direction.
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Arab Spring Turns to Economic Winter
The world’s highest youth jobless rate left the Middle East vulnerable to the uprisings that ousted Egypt’s Hosni Mubarak.
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100,000 Egypt cattle hit by foot-and-mouth: vets
Nearly 100,000 head of cattle are believed to have been struck by foot-and-mouth disease in Egypt, where a major new outbreak threatens the region.
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Egyptian banks see angry crowds as they pay out Iraqi 'yellow transfers'
Country's banks see chaotic scenes as they pay out long-awaited refunds to Egyptians who lost assets in Iraq during the Gulf War.
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Economic talks open Arab League meeting in Iraq
"We are suffering mainly from the lack of finance and some technical problems," Arab League Secretary-General Nabil Elaraby said.
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Egypt's 2012 stock boom worries some fund managers
Egyptian stocks rocket 37 pct in 2012, tops in the world and Templeton's Mobius see short-term turmoil, then gains.
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Apache upbeat on Egyptian energy prospects
Apache said it was approved for seven new development leases in the Faghur Basin, which it said would add 5,200 barrels of oil per day.
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Liberia, Egypt to sign MoU on Maritime
Another milestone in the ever increasing relationship between the two brotherly countries in such an important sector.
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Egypt's economy likely to grow 1.6 pct in 2012/13 year
Year-on-year gross domestic product (GDP) will grow by only 1.6 percent in the financial year starting on July 1, 2012.
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Egypt’s Reserves Exhausted On Political Tensions
The new tensions will almost certainly complicate efforts to reach a deal with the IMF, which says an agreement is conditional on political backing.
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PA, Egypt sign gas deal to end Gaza crisis
Palestine Electricity Company director in Gaza Walid Saad Sayil signed the agreement with the Egyptian General Petroleum Corporation in Cairo.
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Egypt to Offer Record Repos as Sales Surge; Dollar Bonds Fall
The seven-day repos allow holders of government debt to sell them back to the central bank to access funds for a week at 9.75 percent.
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Market Report: Egypt stocks bounce back 1.6 pct on Orascom hopes
Financial results and an imminent asset-split for the country's largest listed firm steer the exchange to its first overall gains in three days.
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North Africa sweeps first Innovation Prize for Africa
The $100,000 first prize went to Egyptian Mohammed Sanad, a professor at the Faculty of Engineering, Cairo University, Egypt.
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eMarketing Egypt calls for more economic utilization of internet in Egypt and the region
businesses worldwide are allocating 36% of their marketing budgets for digital tools while in the Middle East this percentage falls down to 22%.