News
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Despite Egypt's Crackdown, U.S. To Give It More Aid
Seems like everyone wants to make nice with Egypt these days, bringing boatloads of aid money. But why?
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Finance Ministry withdraws LE1.3 billion from budget reserve
Finance Minister Momtaz al-Saeed said LE900 million would be allocated for the General Petroleum Authority to import fuel.
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Egypt tax exemption is about to expire: Finance ministry
The new law gives incentives for taxpayers to get cuts if they pay all or part of their dues before 31 March.
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IMF team in Egypt for talks on $3.2 billion loan
"The program that the government has offered concerning this loan is general and vague," the Muslim Brotherhood declared.
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Asian nations lead surge in weapons imports
India tops list of largest importers, while exporters continue to sell weapons to strife-prone Middle East, report says.
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U.S. Prepares to Continue Egypt Military Aid Amid Dispute
The anticipated approval has angered human rights groups and lawmakers who say that releasing the aid will undermine Egypt’s democratic groups.
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Egypt's rice export ban only benefits smugglers
Egyptian rice is displayed in shops across the Gulf including the United Arab Emirates, Saudi Arabia and Qatar.
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Market Update: Egypt's bourse ended Monday's trading in red
The individuals’ index EGX70 did not stand in the green as it followed the market’s southern direction declining 0.76 per cent.
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Facebook underwriters to get 1.1 percent fee: source
Facebook executives highlighted the engagement of its massive user base during a meeting on Monday with about 100 analysts.
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Egypt to offer 4 bln Egp in 3- and 5-yr bonds
The three-year bonds mature on January 17, 2015 and have a 16.15 percent coupon.
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Egypt NEGMA Conference Launches to Connect Egyptian Entrepreneurs to Diaspora
The first Egypt NEGMA (Networking, Entrepreneurship, Growth, Mobilization, & Action) Conference will start March 24 - 25, 2012.
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Health system needs cash injection
Hospitals receive huge numbers of patients every day, placing an immense strain on the national health budget.
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Egypt to receive $392 mln to fund new metro line
The amount is the first tranche of a $1.28 billion loan that carries an interest rate of 0.2 percent.
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Ex-Google employee says Google+ has ruined the company
"My last three months working for Google was a whirlwind of desperation," wrote Whittaker, who headed an engineering team for social network Google+.
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Kidnappers free 2 Brazilian women in Egypt’s Sinai
The head of security in Egypt’s south Sinai, Mahmoud Hefnawi, said the two tourists and the police officer were released unharmed.
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Illicit cigarette trade ‘costing Egypt $663m’
More than 100 EGP1, low-cost illicit brands, adhering to no local standards represent at least 20 per cent of the 84 billion cigarette market.
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Turkey, Egypt to sign agreement on ro-ro services
Turkey's deputy prime minister said on Sunday that Turkey and Egypt were about to sign an agreement on launching ro-ro services.
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Egypt stock exchange HQ to move from downtown Cairo
Main offices will relocate to Smart Village on Cairo-Alexandria desert road in April but trading will continue in city centre, says bourse head.
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Ericsson's MidEast head sees opportunities in Egypt
By bringing together internet and mobility, Ericsson has high hopes for the future of the country’s promising telecom sector.
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Etisalat eyes mobile remittances in Gulf
"Remittances are a huge business opportunity," George Held, director of products and services at Etisalat, told Reuters.