News
-
Egypt inches towards far-reaching food subsidy reform
The $5.5 billion that Egypt spends each year on food subsidies is a burden that it can ill afford as the economy falters and the budget deficit grows
-
Consumers: Divergent fortunes leave Dubai at the centre of attention
Egypt had seen a reduction in retail sales growth from 11.9 per cent in 2007 to 1.1 per cent in 2008.
-
Egyptian court jails ex-minister for corruption
Former information minister Al Feqqi found guilty of wasting $1.8 million in public money.
-
Foreign Minister affirms Egypt’s keenness on strengthening relations with Uganda
The FM invited the Ugandan Minister to visit Cairo to thoroughly continue their talk on the steps of promoting and enhancing bilateral relations.
-
Japan urges easing import curbs
The Egyptian restrictions are very strict in comparison with the procedures of other countries, like the US and South Korea, according to Gemba.
-
Market Report: 'Black Day' sees Egypt stocks plummet
Main index falls 3.6 per cent as a perfect storm of economic and political factors sweep the market two days before the weekend's mass protests.
-
Egypt’s EGX 30 Drops Most Since August Ahead of Planned Protest
Egypt’s benchmark stock index fell the most in more than a month ahead of planned protests against the country’s emergency law on Sept. 30.
-
Diwan Bookstore Launches its Kids-Only Shop in Zamalek
Diwan recently opened up their third venue in Zamalek, and this new branch caters exclusively to children.
-
Ezz Steel distributes 467.7 million EGP to shareholders
The public assembly of the Ezz Company agreed to the distribution of the interest from the financial year, ending on December 31, 2010.
-
Another explosion at Egyptian gas pipeline halts supplies to Jordan
Jordan's natural gas supplies from Egypt have been put on hold again after an explosion blew up a pipeline in the Sinai peninsula early Tuesday.
-
Al Borg of Egypt to Buy Stake in Sudan’s Ultralab, Sahafa Says
Ultralab operates 11 laboratories in Sudan in the Khartoum, Om Dorman and Port Sudan regions.
-
Telecom Egypt Clarifies Situation Regarding Prepaid Card Companies
TE has diligently followed the appropriate legal process regarding the potential to recoup any of the outstanding amounts.
-
Egypt joins international program to end corruption and money laundering
Theanti-corruption project goes under the slogan "Supporting Measures to Combat Corruption, Money Laundering, and Fostering Asset Recovery in Egypt."
-
Egypt c.bank accepts repos worth 1.3 bln Eg pounds
The bank had asked for 3 billion pounds and the repos carry a fixed rate of 9.25 percent.
-
Greek Minister of Culture Attends Egyptian Events
Greece and Egypt agreed to make an effort for stronger cooperation in tourism between the two countries.
-
AmCham expresses a voice of confidence to businesses wary of investment
Since political uncertainty has been a major factor in American companies’ reluctance to invest in Egypt, the AmCham provided a forum and advice.
-
MENA Region Faces Shortage of Affordable Homes
The most populated country in this region is Egypt, and Jones Lang LaSalle estimates the shortfall there could be as high as 1.5 million homes.
-
Egypt tourism to plunge in 2011: minister
It is expected that the number of tourists reaches 11 million by the end of the year with revenues of up to $10 billion.
-
IEC may seek partial ownership of Egyptian pipeline
Israel Electric Corporation's board of directors authorized management to begin proceedings to file a multibillion shekel lawsuit against EMG.
-
Transport Union suspends strike after meeting manpower minister
The strike gained momentum when drivers and conductors at the Greater Cairo Company, also run by the CTA, joined on Monday.