News
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Kuwait denies funding Egyptian Salafi group
Kuwait's ambassador in Cairo has denied a report commissioned by Egypt's justice ministry that a Kuwaiti society donated funds to a Salafi group.
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Egypt central bank to ask for LE14 billion in short-term debt
New wave of seven-day repurchase agreements will be at fixed rate of 9.75 per cent.
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US denies telling Arab countries to end Egypt funding
The United States Embassy in Egypt has denied reports that said Washington was urging Arab countries to end financial assistance to Egypt.
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NGO crackdown in Egypt as people vote for Islamists
As Egyptians head back to the polls for a 3rd round of parliamentary elections, tensions between protesters and the ruling generals are on the rise.
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From The Egyptain Gazette: Call for boosting Egypt tourism
Mohamed Abdul Fattah said that statements by the Islamsists had sacred away potential tourists, whose numbers have dropped dramatically.
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Gamesa delivers 200MW of wind turbines to Egypt
Spain-based wind turbine manufacturer Gamesa will deliver 100 of its G80-20MW wind turbines to Egypt’s Red Sea Coast.
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Revolutions take a heavy toll on profitability of Arab banks
Moody's downgraded 5 banks in Egypt amid concerns over their holdings of its sovereign debt & the government's ability to support the banking system.
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Egypt stock market up on 2012 optimism; Gulf mixed
Optimism for the year ahead lifted Egypt's stock market on Monday, while Gulf bourses were mixed in muted trade.
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36,000 investors join Egyptian Exchange in 2011
Egypt's bourse said in its annual report that the year 2011 has witnessed joining about 36,000 new investors of different nationalities.
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Disputed Telecom Egypt CEO to retire, workers will not push a candidate
The CEO of landline monopoly Telecom Egypt (TE) has announced he will leave his post on 18 January, the date he reaches retirement age.
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Tasty treats still attracting investors in Egypt
According to a new retail market audit conducted by Nielsen, consumers in Egypt spent approximately LE 8bn on salty snacks, sweets and other treats.
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Dana Gas board to discuss project financing in Egypt and the United Arab Emirates
Dana Gas said its board will discuss financing of projects in Egypt and the United Arab Emirates at a meeting on January 4.
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Government allocates LE175 million for development of slums
Kamal al-Ganzouri allocated a budget for development thst includes LE100 mln from the Slum Development Fund and LE75 mln from the general budget.
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New Islamist democracies will be open for business
The new regimes may have democratic foundations but they won’t look like anything the West or liberals may hope for, especially in Egypt.
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Egypt c.bank cancels auctions of 3-, 5-year bonds
Egypt's central bank cancelled three-year and five-year re-opened bond auctions worth 5 billion Egyptian pounds ($829 million).
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Egyptian companies to participate in Iraq reconstruction
Kamal Ganzouri urged yesterday 1/1/2012 several ministers with visiting Baghdad next week to reach agreements for reconstruction of Iraq.
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Market Update: Egypt stocks up 1.5 per cent just before Monday close
Egypt's major stocks are starting the year up 1.5 per cent at 3,677 points, an hour before the close of Monday's session.
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Egypt’s Orascom Telecom to Resume Trading After Share Split
Orascom Telecom Holding SAE will resume trading after splitting into two companies the day after it files required disclosure documents.
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Egypt eyes big rebound in tourism revenue in 2012
Egypt expects tourism revenues to rebound by more than a third next year if the country's security situation improves.
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Vodafone Egypt to offer customers personalized mobile services
Telecommunications provider Vodafone Egypt is upgrading its One-NDS platform provided by Nokia Siemens Networks.