News
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Egypt Stock Market Commentary – Week Ending February 10, 2012
Egypt’s urban consumer inflation slowed to 8.57% in the 12 months to January from 9.5% in December.
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Arab Spring Still Impacting Egypt, Bahrain Hotel Markets
In Cairo, occupancy declined by 29.5 percentage points to 36.1 percent in 2011.
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Egypt needs $11 billion to fund economic reforms: Finance minister
A shake-up of energy subsidies and the introduction of value added tax are among the proposals for Egypt's economy made in a new statement.
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S&P lowers long-term ratings on Egypt to 'B'
The sharp decline in Egypt's foreign exchange reserves, in combination with political uncertainties, are weakening sovereign policy flexibility.
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Egyptian security: Armed tribesmen kidnap 3 Korean tourists in Sinai
It was the latest in a series of kidnappings in Sinai, which has seen a surge in lawlessness over the last year.
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Why Egypt may not care about losing US aid
Some say that Egypt's military rulers may be willing to forgo $1.3 billion in aid if it means a boost in popularity.
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World Bank chief expects tension over Egypt aid
'They're reaching out to us, to try to see about financial support,' Mr Zoellick said at a conference in the United States (US) city of Pittsburgh.
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Australia's Beach unveils third oil discovery in Egypt concession
The Al Jahraa-1 well, located about 15 km (9.3 miles) west of the Al Ahmadi-1 and ZZ-4 discoveries, was the third of a six-well drilling program.
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Dented economy haunts Egypt a year after revolt
With an estimated growth rate of 1 to 2 percent - compared with between 5 and 7 percent in past years - the government is looking to the IMF.
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Reforming Petroleum Subsidies in Yemen and Egypt
A significant budget deficit of close to 10 percent of GDP & shrinking foreign currency reserves could force the Egyptian gov't to devalue currency.
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Egypt relaxes tax rules for small enterprises
Businesses with annual turnover of less than LE1 million will face looser accounting requirements, says finance ministry.
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Kuwaiti investments in Egypt stable, more in pipeline: Min. Al-Shimali
Kuwaiti investors are looking for more stability in Egypt to increase their investments.
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Salafi religious conservative to lead Egypt’s education reform
A member of the ultra-conservative Islamist Salafi Al Nour party, Shabaan Abdel Aleen, will be chairing Parliament’s new education committee.
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Egypt inflation eases slightly, economist warns of stagflation
Headline CPI rose 0.15 percent month-on-month in January after dropping 0.24 percent in December.
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Azhar Rejects Egypt Civil Disobedience
Egypt’s Grand Mufti Ali Gomaa has warned that civil disobedience would have a grave impact on the country.
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Market Report: Egypt Bourse up 0.9 pct on telecoms 'reawakening'
Main index see another day of gains as investors shrug off worries of further protests and snap up strategic high-cap shares.
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Optimism toward politics buoys Egypt's stock market
The index is still 35 percent below a peak hit in January last year, just before the uprising that toppled Hosni Mubarak.
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The Generals’ Secret: Egypt’s Ambivalent Market
Mubarak’s regime purposely created ambiguity in the country’s economy with the military owning at least 35 factories.
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Orascom, France Telecom hold talks over Mobinil: Source
Speculation over change in Mobinil ownership follows the sale of the firm's Egyptian parent company to a Russian telecoms giant last year.
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EU special envoy: We take effective measures to help Egypt regain its smuggled funds
Egypt is the most important country in the region and Europe will cooperate with it to support the process of democratic transformation.