News
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Orascom Development appeals against chairman's jail term
Samih Sawiris was served the two-year prison sentence on Aug. 27 because he is the company's legal representative, said Orascom.
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Libya seeks Egyptian cooperation in security, education sectors
Egypt had assisted the rebels mainly through humanitarian aid via its western border with Libya.
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Egypt mulls reducing energy subsidies
A ministerial committee of energy is currently looking for alternatives to ensure the safety of the resources of the state budget.
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Jordan to sign new gas deal with Egypt
"AP": Jordanian Energy Minister Khaled Toukan Jordan will pay more for the Egyptian gas, but he declined to say how much.
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EU to report on considering lifting the ban on Egyptian seeds after E.coli scare
Egypt's Agriculture Export Council chairman tells Ahram Online he's optimistic that a seed export ban by the EU will soon be lifted.
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Egypt seeks cooperation of Swiss govt in retrieving frozen funds
At its meeting on Sunday, the cabinet reduced the central bank’s board from 15 to 9 members.
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Egypt cbank to offer LE6 bln in repos
Last week the Central Bank asked for repos worth 8.825 billion pounds and accepted 2.66 billion pounds.
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Public transport workers call off planned strike following concessions
A decree issued on Saturday stated that the authority will pay the incentives asked for by the workers.
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Tourism in Egypt drops 28% as turmoil drives visitors away
The number of visitors from the UAE plunges 58% to 55,000.
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Online protest against military trials for civilians is a success
Activists launch an hour-long online campaign targeting the government and ruling Supreme Council of the Armed Forces.
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Lingering security void devastates tourism in Luxor
Some argue that this season is the worst tourist season since the massacre of tourists in 1997, when six men gunned down 62 people.
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Egypt Misses Goal for Nine-Month T-Bill Sale as Yields Rise
Egypt sold 2 billion pounds in nine-month securities out of the 3.5 billion pounds it had targeted.
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Egypt's gov't employees fast from work in Ramadan too
Intense heat-wave and delay in Government paper work that could cost losses estimated to be worth LE1 billion.
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Egypt holds interest rates steady
The Central Bank decided to keep policy unchanged at the lowest level since November 2006 to help the economy.
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SODIC of Egypt Sales Reach $92 Million This Year, Al Mal Says
The Cairo-based luxury real-estate developer invested 100 million pounds a month in ongoing projects.
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Egypt banks to close starting Tuesday for Eid
Egypt's Central Bank, the stock market and other financial institutions will be closed starting Tuesday, 30th of August.
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Academic year postponed for two weeks
Universities will open on Saturday, the first of October, to allow for the selection of university leaders before the start of the new academic year.
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National Bank of Egypt May Provide Loan for PPP, Mal Says
The bank will provide more than 50 percent of the 10-year loan, with the rest coming from other local lenders.
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Egypt traffic crisis demands radical solutions
Reaching a radical solution to this dilemma requests getting out of the microscopic studies that concentrate on solving a traffic jam in one location
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New plan to increase oil production
The production of petroleum fields increased to 6,000 barrels per day.