News
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Total eyes 200bn unfound oil barrels in Egypt, Libya
The Paris-based company will drill one exploration well off Libya this year, and it will drill another well in Egyptian waters facing the Nile Delta.
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Signs of life in Egypt secondary bond market
Economic policy remains hostage to an uncertain transition from military to civilian rule and foreign investors are still absent.
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Market Report: Egypt's market shift to gains, led by the real estate sector
Egypt's stock exchange ends the day on a positive note as purchasing power increases.
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Egypt takes part in Doha Arab summit
Egypt is to be represented by Communications and IT Minister Dr. Mohamed Salem.
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Market Update: Egypt's stocks opens down on Monday
The main index EGX30 is still in red declining 0.5 per cent recording 5.279.56 points while the broader index EGX70 dipped by 0.2 per cent.
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Geocell lowers fees for roaming in Vodafone Egypt network
Geocell subscribers are charged with EUR 2 per minute for outgoing calls, EUR 0.26 per SMS, and EUR 2.5 per 1MB.
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FJP MP says state budget lacks transparency
Many aspects should be clarified in the state budget to make it transparent; private funds are big part of the problem.
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Etisalat wins top awards at Mobile World Congress
Etisalat received two GSMA Global Mobile Awards in the ‘Best Mobile Health Innovation’ and ‘Women Best Mobile Product’ categories.
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Beach Energy Limited - Fourth Egyptian exploration discovery
The El Salmiya-1 well, located approximately 10 kilometres east of the Al Ahmadi-1 and ZZ-4 discoveries, was the fourth well drilled.
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Egypt appoints new judges for NGOs trial, US says relations 'strong'
"The United States is committed to ensuring Egypt's economic and financial stability," State Department spokesperson Victoria Nuland said.
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Egyptian bank records yet another poor year
Shares in the National Development Bank declined 1.9 per cent to 4.25 pounds on the Egyptian Exchange.
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India, Egypt decide to step up ties
India and Egypt signed a Memorandum of Understanding in trade, science & technology, culture and information technology.
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ADIB clinches key Islamic Finance awards
ADIB won “Best Islamic Bank in Egypt” and “Best Islamic Private Bank” through National Bank for Development in Egypt.
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Swiss link found in fake medicine supply chain
Hadicon ordered the medication in Egypt from a company called SAWA for importing and exporting, then stored the goods in Zurich.
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Market Report: Egypt blue chips suffer from foreign profit-taking
Bourse closes down 1 pct in Sunday trading as foreign investors scramble to take profits on high-performing Egypt stocks.
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Yield edges lower on Egyptian T-bills
The average yield inched down to 15.886 percent from 15.906 percent at the last auction of 273-day bills on February 21.
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Suspended GUC students to take case to court
Students from the American University in Cairo and other universities also decided to go on a hunger strike in solidarity.
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Is revolution bad for the economy?
While the problems remain plentiful, the revolution might also bring hope for some of Egypt’s most inextricable problems.
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Egypt forex reserves drop slows to $636 mln in Feb
Reserves declined to $15.72 billion at the end of February from $16.35 billion at the end of January.
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Global insurance programs require understanding of local markets
The Middle East and Africa is “a very complicated part of the world,” Mr. Pirelli risk manager Jorge D. Luzzi said.