News
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Govt to discuss maximum wage before end of month
Maximum wage will be implemented in the public sector, while the private sector will be free to determine its own wages.
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Egypt's future lies in renewable energy
Egypt has the conditions needed for starting the production of wind turbines in a wide scale.
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Gold in Egypt going mad
Gold prices keep going up, due to increasing global demand on the back of the US debt crisis.
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Activists use social media to help slum-dwellers
Activists managed to raise $218,855 in 10 days, proving that social media can play a positive role to alleviate poverty.
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Egyptian benchmark EGX30 tumbles by another 1.5 percent
Egypt's EGX30 is on the decline due to Beltone Financial Holding and Orascom Telecom.
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The Economist about the effect of the revolution on business, Egypt
Informal enterprises employ an estimated 40% more workers than all of Egypt’s legally registered companies put together.
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Telecom Egypt upgrades network cable system
Telecom Egypt's new cable will be the first network in the Mediterranean to operate at 40GB/s.
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2.3b EGP for treasury bill tenders for 250 days
Egypt's Ministry of Finance has sold 2.325 billion EGP (U.S. $394 million) in treasury bills, the ministry said today.
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USAID director didn't leave Cairo due to 'anti-American sentiment', says embassy
US diplomats in Cairo denied Friday any link between the departure of the director of the USAID & complaints by the Department of State.
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US defends aid as Egypt probes NGO foreign funding
The US embassy in Cairo issued a strongly-worded defence of its aid to Egypt as prosecutors probed foreign funding.
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Egypt signs EGP 780 mls power project financed by Arab, Islamic funds
Egypt's Minister of Power and Electricity Hassan Younis signed a contract to provide gas turbine for a power plant project in Banha city.
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Sawiris says head of NTRA responsible for communications cut off
Sawiris alleged on his Twitter account on Friday that communications cut-off in the early days of the Jan.25 uprising was the responsibility of NTRA.
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Egypt sees a 34 billion EGP spike in imports in May
The total value of imports increase from 23.52 billion EGP (U.S. $3.95 billion) to 34.08 billion EGP (U.S. $5.72 billion).
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Telecom Egypt puts first 40G Mediterranean system in service using Alcatel
Telecom Egypt puts first 40G Mediterranean system in service using Alcatel-Lucent’s advanced coherent technology.
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Germany pledges 240 million euros for Egyptian development
Germany agreed on Friday to rechannel Egyptian debts towards development projects, at a meeting between Foreign Minister & his Egyptian counterpart.
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USAID boss in Egypt quits in funding row
USAID director in Egypt has left to Washington on the row between the two longtime allies over American funding for pro-democracy groups.
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Egypt's Misr Beni Suef H1 net falls 21 pct y/y
Egypt's Misr Beni Suef Cement posted a 21 percent drop in first half net profit to 152.8 million Egyptian pounds.
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Egypt reduces size of T-bill sale- ministry
Egypt's Ministry of Finance said the central bank sold 3.325 billion Egyptian pounds ($558 million) in domestic treasury bills on Thursday.
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McDonald's Egypt renovated 90% of nurseries in Ezbet Khairallah & 2 schools in 3 years
Through its commitment to educational reform, McDonald's Egypt launched its educational development in unplanned communities initiative.
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Egyptians in desperate need of vital medicines
Economic crisis in post-revolution Egypt, deteriorating security conditions seem to be affecting nation's ability to produce or access medicines.