News
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Gas supplies to Jordan from Egypt to resume within days
Sources at GASCO confirmed that technical teams are expected to complete repairs by mid next week.
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Egypt to offer LE 5 bln in reopened bonds
Local banks have nearly exhausted their liquidity and political turmoil has scared off foreign investors.
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Egypt plans reopening 1,600 factories, incentives for foreign investment
New premier is meeting with economic cabinet to discuss restarting production at facilities closed since January.
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Egypt pound weakens to near 7-year low
The central bank seemed to be letting the currency weaken gradually since it broke the 6 pound to the dollar barrier end of November.
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Egypt ranks 21 on climate change index
The drop in the ranking also indicates that their emissions trend is continuing to rise in all sectors in Egypt.
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Egypt's economy much worse six months after Arab Spring takeover
Historically, revolutions have nearly always led to a decline in economic production.
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Egypt Islamists offer vision for sin-free tourism
"Tourists don't need to drink alcohol when they come to Egypt; they have plenty at home," a Muslim Brotherhood candidate, Azza al-Jarf, said.
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Egypt Shares Fall Most in Three Weeks After PM’s Economy Warning
Ganzouri’s government inherited an economy that grew at the slowest pace in at least a decade after turmoil that led to Hosni Mubarak’s ouster.
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US agency backs new North Africa private equity fund
OPIC has agreed to provide $52.5m (€39m) to North African-based fund manager TunInvest for its latest fund, Maghreb Private Equity III.
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Egypt's Islamists launch tourism drive to combat fears they could harm lucrative industry
The Freedom and Justice Party and the Al-Nur party are both launching conferences to explore opportunities to improve tourism.
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Arab Monetary Fund says unlikely to offer aid to Europe
The 22-member AMF provided loans worth around $548 million to Jordan, Morocco and Yemen in 2010, the highest level of annual lending in 22 years.
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Stability of gold prices
Gold prices witnessed the highest rise last week. A gold Egyptian pound was valued at 2,320 EGP (U.S. $387.31).
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Arab uprisings also reshape map of US influence
There are deep U.S. connections among the small but economically powerful and diplomatically adept monarchies, emirates and sheikdoms.
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Arab Spring is "unique opportunity" for tourism
“Tourism is bouncing back; despite the portayal of Egypt in the media as lacking security, which was not true," said Egypt Tourism Minister.
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Egypt's Suez Canal Nov revenue $435.5 mln
The Suez Canal revenue rose 5.5 percent on a year earlier to $435.5 million in November, but down 2.8 percent from a month earlier.
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Official: No plan yet to invite Egypt to join GCC
"I have no idea about it," said Sa'ad Al Ammar, GCC Assistant-Secretary for Political Affairs. "It has never been discussed in the Council."
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Egypt could join GCC, Kuwaiti official says
"We support Jordan and Egypt joining the GCC as full members, but only after two years," Al Radhwan said ahead of the GCC summit.
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Minister of Military Production says armed forces are priority
The coming period will focus on executing the Ministry of Military Production's main mission, fulfilling the Armed Forces different needs.
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Supply shocks and hoarding sparked Egypt's November inflation: Beltone
Last month's violence in central Cairo may have inspired a change in spending habits that contributed to a 9.1 per cent rise in urban inflation.
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Egypt lawsuit filed against ON TV, hosts and Al-Jazeera
Political talk shows such as those mentioned in the lawsuit have been criticized by affiliates of the old regime for discussing current issues.