News
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Dana starts new oil production in Egypt
Nick Dancer, managing director of Egyptian operations for Dana, said there are plans to bring 3 more discoveries in the development area online.
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Egypt Media Flourish Amid Fears
State media have failed to reform, although the end of the Mubarak era ushered a feeling of media freedom and liberty.
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Egypt urban inflation climbs to 9.55 per cent in December through food price increase
London-based Capital Economics said in a research note that the increase raises the likelihood of another rate hike.
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Market Report: Egypt stocks soar further 2.4 per cent as investors eye political stability
Bourse continues its rally with turnover climbing to its highest level in three months as buyers take heart from relatively trouble-free elections.
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New Egyptian museum to cost LE5 billion, says antiquities minister
The Japanese government had provided a large part of the funding as a soft loan to be repaid within ten years of inauguration.
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Egypt core inflation 7.07 pct in December: cbank
Urban consumer inflation climbed to 9.5 percent in the 12 months to December from 9.1 percent in November.
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LE500 Million in Govt. Subsidy to Purchase Cotton From Farmers
PBDAC's LE300 million will be offered to the public business sector companies of spinning & weaving so they can buy cotton from farmers.
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US ambassador: We fully support the Egyptian economy
Speaking at an American Chamber of Commerce meeting, Patterson said that Egypt has a priority in US cooperation with the countries of ME.
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Egypt to prosecute Mobinil employees
Four employees of Mobinil telecom were referred to the state security court on the charge of passing calls to the benefit of the State of Israel.
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Israel's Tamar signs two gas deals for $1.2 bln
Israeli companies had been expected to buy natural gas from Tamar and Egypt but Egyptian gas supplies have become unreliable.
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Centamin says Q4 production rose 10 percent
Egypt-focused Centamin was hit in the second quarter by local restrictions on blasting, forcing the company to reduce its 2011 production guidance.
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Anger over appearance of ex-Egyptian finance minister at LSE lecture
Youssef Boutros-Ghali – sentenced by Cairo court in absentia to 30 years in prison – ushered out of side door by officials.
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Market Update: Egypt stocks close 0.6 pct up, turnover recovering
A handful of high-cap stocks pulled the index up, but of the roughly 170 shares traded on Monday, fewer than two dozen made gains.
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Twitter, Facebook had little role to play in Arab Spring: ex-diplomat
David Malone says more people turned out for Egypt's 1977 Bread Riots than last winter's demonstrations that toppled President Hosni Mubarak.
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Govt's plan to reduce spending unfeasible, say experts
They explained that any such plan should review interest rates, subsidies and social grants.
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Egypt sells more 91-day T-bills than offered
The bank sold 5.589 billion Egyptian pounds ($925.99 million) in domestic treasury bills, slightly more than the 5.5 billion pounds it had offered.
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Egypt Seeks to Purchase as Much as 80,000 Tons of Raw Sugar
The sweetener is for delivery between March and May, Hussein Ahmed, a purchasing manager at the company, said.
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A 400-Million-Dollar Loan From African Development Bank to Electricity Sector
The loan is part of a program aimed at supporting development policies in the clean economy, the minister said in statements.
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US trade officials urge Egypt to utilize GSP program
Due to lack of knowledge about the program, Egypt, unlike many Asian and North African countries, has not yet fully utilized GSP to its advantage.
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Fitch downgrades three Egyptian banks to BB-
Revisions are 'automatic' after the agency's decision to downgrade the country's currency default ratings at the end of last month.