News
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Egyptian Government assures supply of food, but not petroleum, available
Sufficient food is available in Egypt for the remainder of the transition period, said Fathy Abdel Aziz.
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Egyptian businessman proposes global wealth tax
Hassan Heikal, chief executive of EFG Hermes, calls for a one-off tax to save capitalism and generate $5,000 billion.
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Egypt's telecoms authority unveils national broadband plan to start mid-2012
Plan dubbed eMisr will involve $2.4 billion of investments and aims to provide 22 per cent of Egyptian households with broadband in next three years.
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Trading suspended on Egyptian exchange after plunge linked to protests
Egypt’s stock exchange says trading has been temporarily suspended amid an escalating political crisis and after the broader EGX100 index slumped 5%.
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Egyptian Stocks: Amer Group and Talaat Moustafa Group
Egypt’s benchmark EGX 30 Index (EGX30) dropped 4.8 percent to 3,676.73 at the 2:30 p.m. close in Cairo, the lowest level since March 2009.
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Four major tourist markets cancel Egypt flight bookings
Travel agencies in four major markets for tourists have stopped booking flights to Egypt, an Egyptian tourism official said Tuesday.
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Egypt court rules Talaat Mostafa land contract valid
An Egyptian court ruled on Tuesday that the Talaat Mostafa Group(TMG) land contract for its Madinaty project was valid, the firm's lawyer said.
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Egypt's IMF bid may fail to stir investors
Egypt's decision to seek $3 billion (Dh11.01 billion) from the International Monetary Fund may fail to win the confidence of bond investors.
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GM joint venture to assemble China-made autos in Egypt
SAIC-GM-Wuling, a General Motors Co. joint venture, plans to assemble autos in Egypt from kits made in China.
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Egypt’s markets: worse and worse
Egypt’s headline EGX index fell 1.3 per cent in early morning trading, dropping to its lowest point since March 2009.
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Egypt's stock market loses 10.05 billion EGP
Unrest in Egypt has lead the stock market to losses amounting to 10.05 billion EGP of its capital on Monday.
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Ramsis Station: A five-star railway station
The renovation and restoration project at Ramses Station is nearing completion.
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Egypt unrest may hasten currency crisis
Violent unrest in Egypt threatens to accelerate the country’s slide toward a currency crisis, forcing a sharp depreciation of the Egyptian pound.
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Egyptian trade team in Doha talks
Qatar is interested in supporting the Egyptian economy through investments, something that will help achieve sustainable growth in Egypt.
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Spillover of global economic turmoil further stress on Egypt, says economist
The European sovereign and banking crises as well as the American fiscal stalemate will most acutely impact Egypt.
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Smoking in Egypt: know the facts, dispel the myths
In Egypt despite the staggering economy and deteriorating health standards and intense pollution, smoking is on the rise.
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Egypt finance risk, political woe may prove toxic
“Egypt’s economy has dramatically slowed this year due to turmoil at the political level,” said Paul Herber.
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Egypt's EIPICO says 9M net profit up 0.5 pct
Egyptian drug maker EIPICO's 2011 nine month net profit rose 0.5 percent year-on-year, the company said in a statement on Monday.
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Egypt unveils national broadband plan
Egypt's National Telecom Regulatory Authority announced the start of a new national broadband plan.
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Al Futtaim eyes $1.3bn for Qatar, Egypt plans
Al Futtaim Group is close to raising about $1.3 billion in loans to meet its expansion plans in Qatar and Egypt.