News
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Egypt faces hurdles in securing IMF aid
A year of political and economic turmoil has pushed up unemployment in Egypt, widened its budget and balance of payments deficits.
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Egypt watchdog mulls a fourth mobile phone operator
Landline monopoly Telecom Egypt is eyeing a licence to let it lease the assets of current mobile providers and offer its own services.
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Press freedom declines in Egypt
A press freedom index published by Reporters Without Borders says Egypt fell 39 places during the past year.
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Business: A year of ups and downs
As history shows, the economy of any country that has gone through a revolution experiences severe financial turmoil due to political unrest.
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eZra3 Remote Farming in Egypt is Like FarmVille but Real
New online farming system in Egypt allows city dwellers to become reacquainted with their agrarian roots without leaving their urban comfort zone.
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Egypt is free, economic liberation remains
The scars in the form of spilt-blood and economic strangulation are deep among the people and need to be erased by swift and pragmatic action.
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Economic Potholes Add Dangers on Egypt’s New Political Path
The economic frustrations that helped fuel last year's revolt have grown more acute.
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Egypt's Tinderbox Economy - and Looming Economic Crisis
Egypt's three main sources of hard currency - tourism, foreign direct investment, and Suez Canal revenues - have been badly affected by instability.
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Egypt's gross domestic debt climbs LE50 billion in three months
Proportion of country's debt to GDP climbs to 69.8 per cent — an 'acceptable increase', according to ministry officials.
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Green Globe certifies Gorgonia Beach Resort, Red Sea Egypt
Green Globe stated: "With their sustainability management plan in place, they will do well protecting the natural asset their guests enjoy so much."
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Tunisia sees best Arab market performance
The recovery is prompting more local firms to list on the exchange, seeking capital for expansion.
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Govt accuses 'interest groups' of causing butane shortage
The government has been accusing black market dealers of causing the shortage of gas cylinders, a problem which has occurred many times last year.
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Tourists Bust Egyptian Restaurants Serving Endangered Species
Tourists offended by the gruesome display of endangered species reported the Picalbatros restaurant in Hurghada to the conservation local agency.
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What really ruined Egypt’s economy in 2011?
As mass protest gained momentum, the government’s closure of banks and the stock market proved detrimental to capital flow.
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Egypt's Meditrade buys 38,000 T edible oils - trader
Meditrade bought 11,000 tonnes of sunoil from Toepfer at $1,115 per tonne and another 11,000 tonnes of sunoil from Louis Dreyfus.
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Egypt’s IMF Lifeline
Egypt now requires a lifeline from the International Monetary Fund, but any potential IMF loan is contingent upon domestic political consensus.
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Israeli attempts to find local alternatives to Egypt gas hit stumbling block
Offshore gas field is running dry, says consortium, as repeated attacks on the Sinai pipeline mean Israel is increasingly looking closer to home.
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Egypt Accepts Most Repos in Four Weeks After Local Yields Surge
The North African country’s central bank received bids valued at 22 billion pounds compared with 12.6 billion pounds last week.
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Egypt's financial sector braced for revolution anniversary
Several banks saw an increase in cash withdrawals, particularly in upscale areas, due to fears of last year's uprising.
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Youth vent frustration through social media
Debate rages on how the Parliament does not represent them through the social media.