News
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Banking sources: Egypt to extend tenure of central bank chief
Financial observers place Farouk al-Oqda among the CBE’s most successful directors in recent years.
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Egypt sells 6.5bn Egyptian pounds in T-bills, yields fall
The central bank sold 3 billion pounds of 91-day T-bills, on behalf of the ministry.
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RI-Egypt bilateral trade rises by 40%
Two-way trade between Indonesia and Egypt reached US$700 million during the January-June period this year.
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Egypt, Turkey sign deal to boost SMEs
The deal aims at promoting industrial activities and training courses as well as the exchange of information and researches.
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A green push for measuring the economy
Environmentalists are quick to point out that GDP-measurements do not provide a full picture, since the environmental damages are not included.
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Expert: Declining reserves pose large risk
Recent judicial rulings to renationalize privatized companies are a threat to reserves.
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Govt: IMF to toughen Egypt's loan conditions
Finance Minister says country’s economic indicators are improving, due to rising expatriate remittances, Suez Canal revenues & increasing tourism.
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First African business school round-table
The main aim was tohelp the continent grapple with food security challenges, and to forge academic collaborations aimed at tackling African problems.
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Sofitel opens region's first Legend hotel in Egypt
The Sofitel Legend Old Cataract Aswan in Egypt has reopened following a three-year renovation of the hotel, which originally launched in 1899.
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Egypt 2052 to build 5 ‘million-man’ cities
Public Institute of Urban Planning in the Ministry of Housing says 12 million acres are needed to accommodate population increases.
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Egypt says Qatar gave $500 mln to help with budget
Egypt forecasts a budget deficit of 8.6 percent of gross domestic product in the financial year to June 2012.
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EMG Launches International Arbitration against Egyptian Gas Suppliers
EMG informed Ampal that it submitted a Request for Arbitration with the International Chamber of Commerce ("ICC") against the EGPC, EGAS, & IEC.
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HCST discusses development projects with EBRD team
EBRD decided to expand its operations in support of development projects to include Jordan, Morocco, Egypt and Tunisia.
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‘Mena region to see 2-track growth; GCC gets oil boost’
The IMF has cut its 2012 real GDP growth forecast for the Mena region from 4.2% to 3.6%.
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It’s Trending Egypt: #right2vote, #occupywallstreet, #NoMilTrials
An update on what is hot among Egyptian tweeples, what topics are most discussed and why.
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Forum to deliberate on Mideast family business practices
The IIFE has previously held Arab-German Family business summits in Egypt, Bahrain and Jordan.
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Mobily opens outlets to serve pilgrims
Mobily set up a number of outlets in some Islamic and Arab countries including Turkey, Egypt, Indonesia and Malaysia.
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Cairo Airport flights back to normal
Sources at the airport said that EgyptAir has incurred losses of more than LE30 million because of the strike.
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Minimum wage for Egypt's private sector is expected to be announced Sunday
Minimum wage is expected to be around LE700 per month, in line with public sector's, government ready to declare Sunday.
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Teachers renew protest, Brotherhood denies participation
Teachers' demands continue, but some groups decide to stop striking.