News
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Apple kills GPS function to get iPhone on sale in Egypt
Cairo's ban on satellite navigation technology means Egyptian customers have to make do without key feature.
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Egypt narrows trade deficit by 14pct YoY
Deficit in Egypt’s trade balance narrowed 13.8% in July 2011 below July 2010 to reach EGP 13.5 billion mainly due to the higher growth in exports.
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Egypt revolution did not affect economy: economist
Egypt’s January 25 Revolution did not have negative repercussions on the local economy, according to Cairo University economics prof. Ahmed Ghonim.
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Egypt's Meditrade seeks sunoil, soyoil - trade
Egyptian commodity purchasing enterprise Meditrade is looking to buy soyoil and sunflower oil in a tender, a trader said on Wednesday.
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Egyptian Stocks: Telecom Egypt, Citadel and Egyptian Resorts
Egypt’s benchmark EGX 30 Index advanced for the 6th time in 7 days, rising 1.2 percent to 4,263.99 at the 2:30 p.m. close in Cairo.
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Instability threatens textile industry in Egypt
After the Egyptian revolution, there is loose security in its ports, and factories in both public & private sectors are facing numerous difficulties.
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SAUDI: Savola buys stakes in Egyptian pasta firms
Saudi food manufacturer and retailer Savola Group is set to acquire majority stakes in Egyptian pasta firms Al-Malika and Al-Farasha.
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Egypt's Nile cruises docked, awaiting tourism recovery
Aswan, one of the most famous stops on Egypt's Nile cruises, has few of the tourists who normally throng its tree-lined river banks.
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Turkey, Egypt agree on mutual RORO services
Roll-on/roll-off (RORO) services would significantly increase the economic and tourist relations between Turkey and Egypt.
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Telecom Egypt workers threaten to cut internet services
The independent workers' syndicate of Telecom Egypt has threatened to cut internet connections in Egypt unless its demands are met.
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Cairo Egypt Restaurants Spice Up the Menu With Live Entertainment
At Ahlein, the JW Marriott Hotel Cairo's Lebanese restaurant, guests are welcome ("ahlein" in Arabic) to take part in this tradition.
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EGPC invites bids for Gulf of Suez
Egyptian General Petroleum Corp.’s 2011 exploration bid includes blocks offshore in the Gulf of Suez.
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EU maintains ban on Egypt legumes, seeds over E. coli
The EU will maintain the ban due to concerns Egypt’s agriculture industry could have E.coli & must ensure there is no risk before exporting resumes.
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Cairo's business leaders meet amid an atmosphere of cautious optimism over trade prospects
Egypt's senior bankers and corporate financiers to convene at Exporta's 4th Annual Trade & Export Finance Conference in Cairo on October 12.
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Egypt's Citadel Capital completes $175.6 mln rights issue
Egyptian private equity firm Citadel Capital has completed a $175.6 mln capital increase, adding $120 mln in fresh capital to its balance sheet.
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Egypt steel rebars prices up by 23pct in 12 months - Report
Reuters reported that steel rebar prices in Egypt rose 23% or EGP 960 per tonne over the 12 month period ending September 30th 2011.
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Egypt Water Challenges Forcing a Rethink on Usage
“Egyptians have to adapt to less water every day,” said Rida Al Damak, a water expert from Cairo University.
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Egypt raises price for local wheat 8.6 pct -paper
Egypt will increase the price it pays local farmers by 8.6 percent to almost double what it pays for imported wheat.
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S&P downgrades Egypt on economic stability risks
Standard & Poor's on Tuesday cut Egypt's credit ratings deeper into junk territory, saying risks to macroeconomic stability has increased.
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El-Beblawi says foreign borrowing necessary: paper
Egypt's dependence on local borrowing to support the state budget is not sustainable and it will have to borrow from overseas.
