News
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Egypt to switch to coupon system for subsidised butane gas
Families who exceed specified rations will be given coupons for an additional gas cylinder at the partly reduced price of LE25.
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Egypt sees billions in aid from Saudi, UAE soon
Egypt expects to reach a loan agreement with Saudi Arabia and the United Arab Emirates worth several billions of dollars each soon.
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Italian-supported technical education scheme starts in Egypt
In a bid to upgrade technical education, 130 Egyptian students will fly to Italy on September 9 on scholarships in the field of technical education.
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Arab Contractors to bid on four Qatari projects
Arab Contractors announced on Tuesday that it intends to bid in four tenders for Qatari construction projects.
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Local borrowing may stifle recovery
Egypt's increased reliance on local lenders to finance its budget shortfall may stifle any economic recovery.
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Central Bank official: No maximum wage for public banks' leaders
A maximum wage for the leaderships of the Central Bank of Egypt (CBE) and the presidents of public banks has not been determined or negotiated.
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Egypt to rely on local market for financing: finnance minister
Egypt has no plans to issue an international bond currently and will rely on local market to meet its financing requirements.
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Editorial: Let’s invest in
In the last week of Ramadan, there was a fuel crisis in some governorates, but it wasn’t felt in the capital until the last day of Ramadan.
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Egypt urges consumers to buy frozen chicken
Egypt, credited by the World Health Organisation (WHO), has come up with a new plan to combat bird flu.
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Market report: Egyptian stocks rise for the third day in a row
A tender offer on Olympic Group and exchange on Commercial International Bank and Telecom Egypt sustained the market on Tuesday.
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Function held to mark cooperation between India, Egypt
A programme was organised by the Indian embassy here to mark the deepening economic and technical cooperation between India and Egypt.
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SAIC gets $46M deal for Egyptian military center
Science Applications Int'l Corp. won a $46 million, 3-year contract to build a training center for Egypt's military, the company said Tuesday.
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High Expectations Biggest Challenge Post-Arab Spring-BG Group
BG Group operates in Egypt and Tunisia, the first two countries to overthrow their governments during the Arab Spring this year.
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Turkish PM to visit Egypt next week to boost ties
"There are a few agreements that will be signed," Mohamed Higazy said, political coordination and economic ties will be discussed.
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Growth, trade sluggish in 2011, finds UN report
“There needs to be a complete reappraisal of wealth distribution and employment opportunities in the country,” Ibrahim El Issawy.
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Egypt's finance minister proposes maximum salaries for government officials
Egypt's Cabinet will discuss new caps on top salaries to narrow gap between rich and poor.
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Price of gold records a notable increase
For the first time in years, the price of gold rose over the price of platinum, said Ehab Wasef.
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Egypt foreign reserves dip in August
Egypt's net foreign reserves slipped to $25.01 billion last month from $25.71 billion in July.
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Egypt raises $1.85 billion in T-Bills, bonds at auction
Egypt raised 11 billion EGP ($1.85 billion) at an auction of treasury bills and bonds Monday, meeting its targets for the sale at the highest yield.
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AlembicHC raises Telecom Egypt price target
AlembicHC raised its price target on Telecom Egypt & said it expects the landline domestic wholesale business to see an increase in revenue.