News
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Suez Canal 8-mo earnings up by 11.7% to $3.46 bn
Egypt's Suez Canal earned $3.458 billion in the first eight months of 2011, an 11.7 percent increase from $3.095 billion a year earlier.
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eMarketing Egypt releases its second report about Facebook in Egypt
eMarketing Egypt announced the second report in its series of reports about Facebook in Egypt:Facebook in Egypt..e-Marketing Insights.
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Egypt, Ethiopia look for better water relations
Zenawi thanked Prime Minister Essam Sharaf “for helping in opening a new chapter of relations between Egypt and Ethiopia.”
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QNet offers opportunities within direct selling industry through internet
QNet, a global direct selling company announced strategic plans to expand its business in Egypt.
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Current political events will not affect petroleum investments
Mahmoud Nazeem, said the international petroleum companies working in Egyptian markets are keen to increase their investments in Egypt.
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More than 2,000 new jobs created in Egypt last week: Investment Authority
The newest figures show that 131 new companies were established, creating 2,198 jobs, mostly technical and administrative, last week.
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IT houses project launched in Egypt
The Ministry of Communications and Information Technology (MCIT) recently launched a programme to spread IT houses nationwide.
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Export Development Bank of Egypt's foreign currency rating affirmed at BB+
Capital Intelligence announced that it has affirmed Export Development Bank of Egypt Foreign Currency Long and Short-term ratings at 'BB+' and 'B'.
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Ethiopia, Egypt agree to hold tripartite meeting on Nile
Egypt and Ethiopia agreed on Thursday to hold a meeting of its tripartite committee on the Nile, which also includes Sudan.
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Egypt Seeks to Become Sixth Exporter of Gas to Turkey
Turkey could decide to purchase Egyptian volumes not sent to Israel.
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Egyptian tourism minister welcomes World Travel Awards to Sharm el Sheikh
In an upbeat assessment of the Egyptian tourism industry, the minister argued the country was “on track” to recover from recent political upheaval.
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Middle East banks fail to offer access to finance
Robert Zoellick, president, World Bank. MENA banks must do more to offer ordinary people access to financing, the World Bank has said.
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AIVC's international units witness noticeable growth in sales
Despite a 13.2% decline in the first quarter of FY 2011 compared to the same period of last year; Q2 FY 2011 witnessed a 22.3% growth.
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Egyptian investors fear Israeli backlash
Beneficiaries of a trade agreement with Israel warn against its cancellation after attacks on Israeli Embassy in Cairo last Friday.
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FPC welcomes EU clean bill of health for Egyptian fresh produce
The UK fresh produce industry suffered losses & a drop in consumption of salad products due to unfounded claims linking fresh produce to E.Coli.
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Sharaf: We keen to create climate attractive for investments, solve problems facing investors
The Egyptian government is resolved to solve all the problems that UAE investors have been encountering in the country, Hegazi said.
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Growth slump expected in protest-hit Arab states
The reluctance of foreign investment & pressure on reserves & currencies combined with the possibility of increased unemployment increase burdens.
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Report: U.S. losing influence in Egypt despite $1.3 billion in aid
The United States has lost leverage over Egypt, a report said.
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Countries with unrest need more help' Arab central bankers
The Arab central bank governors expressed their fears from an expected drop in growth rates this year.
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Al Mansouri in Egypt to enhance cooperation
They discussed relations between the UAE and Egypt and ways to enhance cooperation.