News
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India in talks with Egypt on cotton yarn import duty
In December 2011, Egypt imposed a specific duty of 53 cents per kilogram on cotton yarn imported from India.
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Tetra Pak partners with Faragalla on Egypt's first automated liquid food plant
Mohamed Farag Amer, chairman and founder of Faragalla Group, expressed his satisfaction with the new factory.
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Iraq approves $363 mln power deal with Egypt's Orascom
The contract involves building a plant in Baiji, 180 km (112 miles) north of Baghdad, to install six gas units, each with a capacity of 169 MW.
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Egyptian middleman bought fake Avastin from Turkey
Milad Kamal Ayad, who works on commission for Egyptian firm SAWA, told Reuters he sourced 167 packets of Avastin from Turkey.
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'Gaza energy crisis remains despite Egypt deal'
Egypt has not determined route to provide fuel to Gaza, Ma'an reports; Gaza sole power plant shuts down 2nd time this month.
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Market Report: Egypt's bourse cools down on Tuesday
The main index rose 0.12 per cent. Traders say that slow down is necessary after this year's rapid gains.
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'Gaza energy crisis remains despite Egypt deal'
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Egypt Now 3rd Fastest Growing Country on Facebook
With over 9.5 million Facebook users as at December 2011, Egypt added over 2 million users within the past month with a growth rate of 30.76%.
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50 vessels pass through Suez Canal
27 ships passed coming from the north, with loads estimated at 1.5 million tons, and 23 ships passed from the south, with loads of 1.3 million tons.
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EMG's Gas Supply to Israel Has Resumed
The gas supply was interrupted on February 5, 2012, due to an alleged terror attack along the Egyptian gas pipeline, owned and operated by GASCO.
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CBE: $10 billions get out legally
The Officials stressed that these funds are transfers of foreign and Arab investors to their headquarters in their countries.
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Egyptian security foils attempt to smuggle fuel into Gaza
Security forces confiscated two trucks containing 4,000 litres of diesel that were about to be smuggled through underground tunnels.
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With unrest in Egypt, Israel faces blackouts
"Israel is facing a serious risk of blackouts. We may not be able to keep the power switch on," said Energy Minister Uzi Landau.
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"The District" Launches in Cairo to Offer Startups Co-Working Space
Creating a space with a low barrier to entry is a central part of The District’s mission, as its sustainability is based around its membership fees.
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Sudan, Egypt and Ethiopia to meet for talks over Blue Nile dam
The three party meeting will discuss Ethiopia’s Grand Ethiopian Renaissance Dam and the future of the Nile Basin Initiative.
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Egypt finds recovery an elusive target to hit
Egypt has been the best performing major market globally so far this year, with the EGX30 index rising 44.3 per cent in the year to date.
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Egypt bourse chief expects up to 8 IPOs this year
The market, once a foreign investor favorite, saw a sharp 49% fall in value last year as investors fled the Arab state.
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Grand Egyptian Museum scheduled for inauguration in 2015
The new museum is being built on the Cairo-Alexandria Road, overlooking the Giza Pyramids.
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'Private funds' to enter state budget, says Egypt finance minister
Finance Minister Momtaz El-Saeed says estimated LE36.1 billion worth of 'private funds' should be integrated into Egypt's state budget.
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Cobone takes group buying business to the next level
Apart from new verticals, Cobone is also chasing geographies: Operations are up and running in Saudi Arabia and Egypt.