News
-
Tourism in Egypt hit by a stalled revolution
“We can barely earn enough to feed ourselves, much less the horses and camels,” said Abu Ghaneima.
-
Egyptian economy hangs on poll results
Egypt needs to lure back foreign investors to alleviate pressure on domestic banks.
-
Gulf retail chain Spinneys eyes $1bn revenue by 2013
Un-listed Spinneys has seen its revenues growing by around 20% since 2007 in Lebanon, while in Egypt it is seeing even larger figures.
-
Muslim Brotherhood sells cheap food ahead of holiday and Egypt parliament vote
This weekend’s Islamic holiday, which centers on sacrifice and feeding the poor, offers the Muslim Brotherhood a golden opportunity.
-
Egypt gets $400 mln from Islamic trade financier
The trade financing arm of the Islamic Development Bank has offered $400mln to help Egypt finance imports of petroleum products and wheat.
-
Egypt announces new oil discovery in Sinai
Belayim Petroleum Company has made a new oil discovery in Sinai, the Ministry of Petroleum announced on Friday.
-
High beef price dims festive mood in Egypt
This year's Eid Al Adha is failing to live up to expectations as beef products are proving unaffordable to many Egyptians.
-
Apache Corporation: Changing the lives of Egyptian girls one school at a time
For thousands of girls living in rural Egyptian villages, $15,000 is the difference between literacy and illiteracy.
-
Citizen Journalism Is Booming In Egypt and The Middle East, Despite Serious Risks
Though tourism may be down, another industry (if you'd want to call it that) is thriving all over post-revolution Arab World: Citizen journalism.
-
Egypt Aid Shouldn’t Be Curbed By U.S. Congress, Official Says
The U.S. Congress shouldn’t restrict aid to Egypt over concerns that the Muslim Brotherhood is regaining political influence.
-
IMF concludes visit to Egypt, no word on aid
Hazem el-Beblawi has said Egypt was open to IMF funding but had not made any formal request for aid since turning down a financing package in June.
-
Egypt’s reserves: lower than you think
The latest numbers show net international reserves fell to $22.1bn at the end of October 2011, down from $24bn a month earlier and $36bn in December.
-
Egypt is facing financial crisis, says finance minister
Egypt is facing a financial crisis that only foreign funding could help alleviate in the short term, Hazem al-Beblawy said on Tuesday.
-
Mr Ezz to face trial on money laundering charges
Egypt’s Attorney General Mr Abdel Meguid Mahmoud on Thursday referred Mr Ahmed Ezz to the Cairo Criminal Court on charges of money laundering.
-
Hikma's drug sales improving in Tunisia and Egypt
Jordanian group Hikma Pharmaceuticals said sales of branded medicines picked up in the third quarter, driven by recoveries in Tunisia and Egypt.
-
IMF concludes Cairo trip, gives no details on rumoured $3bn loan
Head of the delegation 'welcomes a homegrown Egyptian strategy' to tackle looming economic problems.
-
Mobinil ceases cooperation in Azerbaijan's occupied territory
Mobinil has suspended its cooperation with the Karabakh Telecom mobile operator in Azerbaijan's occupied territories.
-
Suez Canal revenues, expat remittances up despite revolution
"The Egyptian economy was deeply affected during the early days of the revolution, and the tourism & investment sectors continue to be affected".
-
Market Report: Egypt stocks slightly gain, volumes drop
Trade was slow on the Egyptian stock exchange before the Islamic feast which starts Sunday, though gains were made.
-
Egyptian Stocks: Credit Agricole Egypt and Heliopolis Housing
Egypt’s benchmark EGX 30 Index advanced for the first time in four days, increasing 0.8 percent to 4,424.02 at the 2:30 p.m. close in Cairo.