News
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Budget deficit widens as analysts blame lack of political will
Recently, the finance minister decided to impose a tax on tobacco products in order to save about LE 2 billion.
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Egypt Agreed to Export 1,775 Metric Tons of Cotton Last Week
The country has shipped 25,204 metric tons of cotton valued at $87.3 million since the marketing year began on Sept. 1.
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Egypt growth slows as turmoil hurts tourism, investment
Egypt’s foreign currency reserves tumbled 44 percent in the first 11 months to $20.2bn.
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Market Report: Bourse turnover at ten-year-low on Christmas day
The stock exchange realised an impressive 1.93 per cent gain but turnover plummets to $16.5 million as foreign investors' activity tumbles.
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Egypt may need $15bn from IMF to avoid crunch
Adding to woes of an economy hammered by months of turmoil and violence, credit rating agency Moody's downgraded Egypt by a notch this week.
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Market Update: Egypt stocks start week in green
The broader EGX70 and EGX100 indices followed the market’s benchmark to rise 2.3 and 2.1 per cent respectively.
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Egypt’s Shares Rally Most in a Month as Competing Politicians Signal Unity
The fact that different political factions are joining hands to open the exchange tomorrow is giving a morale boost for investors.
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Summary of Egyptian Cotton
The sales comprised 625 tonnes of the Giza 88 grade of cotton and 1,103 tonnes of Giza 86, the official said.
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New Egypt, Somaliland set to establish diplomatic ties
The dialogue is aimed at establishing diplomatic relations and developing bilateral cooperation in all areas for the first time, it said.
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Air Arabia plans to double fleet by 2016
Air Arabia sees its fleet size to more than double in 2016 after the delivery of all 44 A320 aircraft by Airbus.
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Jordan signs deal on price for Egypt gas imports
Mr Qutaiba Abu Qura, Energy Minister of Jordan, said that the deal was signed in Cairo, after the two governments approved the prices.
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Egypt's Citadel narrows 3Q losses on cost cutting
The firm, which focuses on the Middle East and north Africa, said it made a consolidated net loss for the first nine months of 446.6 million LE.
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Tweetbot wins TUAW Best of 2011 voting for best iPhone social networking app
The app, which launched in April of this year into a crowded Twitter client market, quickly became a favorite of many iPhone users.
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The army and the economy in Egypt
The Egyptian military establishment does not believe in US-style neoliberalism or free market policies.
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Egypt's Economy Suffers With Latest Outbreak Of Political Violence
What has become clear is that the latest clamor against Egypt's military rulers is pummeling the country's already flailing economy.
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Women of Occupy Wall Street issue solidarity statement with Egyptian women
Financial and social movement Occupy Wall Street praises the courage of women protesting in Egypt.
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Egypt stock market loses billions, decreases capital
The market report added that Exchange's main index (EGX30) fell by 7.77 percent to 3614 points.
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Muslim Brotherhood works to implement 'renaissance project'
Improving education programs, dealing with health problems among the population and bolstering the economy are part of the project.
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Sudan Asks Egypt for Gas
Talks included the joint cooperation in the field of natural gas through the town of Wadi Halfa to engage in producing electricity from gas.
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Chef Victor Garrido on gastronomy in Egypt
Chef de Cuisine at Fairmont Hotel and Towers in Heliopolis Victor Garrido talks about the know-how and future of gastronomy in Egypt.