News
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Public Business Sector Minister demands Egypt Aluminum reduce time required for development project
A report of the Ministry of Public Business Sector, Egypt Aluminum will establish a new factory with a production capacity of 250,000 tonnes/year.
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Yields rise on Egypt’s five- and 10-year T-bonds
Egypt has raised interest rates by 700 basis points since the float.
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Turkey-Egypt business forum to be held in Istanbul
The first Turkey-Egypt Business Forum will be held on Nov. 26 in Istanbul to revive bilateral economic and trade ties.
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Capital market enjoys strong legislative environment
The chairperson of the Egyptian Stock said the Egyptian capital market still enjoys a strong legislative structure and advanced financial instruments.
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Egypt's women empowerment a must
By increasing private sector participation and efforts on the regional dimension, the unemployment rate of women in the region will fall to 26%.
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Egypt to raise banks’ reserve requirement as it battles soaring inflation
The reserve ratio, used to control money supply, will increase to 14 percent from 10 percent from Oct. 10.
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Egypt unearths 4,300-year-old Pharaonic obelisk in Giza
the discovery of the upper part of an obelisk belonging to ancient Egyptian Queen Ankhesenpepi II, mother of Pharaonic King Pepi II of the 6th Dynasty
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Foreign exchange reserves up by $392m at end of September
The foreign exchange reserves increased by more than $21bn over the past 14 months, where it stood at about $15.5bn in July 2016.
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Egypt's central bank increases reserve requirement on deposits to 14%
The new ratio is effective starting on 10 October, the bank said in a statement.
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Egypt considers bond sale delay as it eyes market conditions
Egypt may delay a planned sale of 1.5 billion in euro-denominated bonds to early 2018.
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Egypt’s non-oil business activity hits three-month low
Companies are optimistic that growth will pick up in the coming year.
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New prices may affect customer consumption: Vodafone
We have submitted a different proposal for repricing cards six months ago, NTRA rejected it, says Essam.
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Egypt Air to buy six Boeing Dreamliners
In addition to the wide-body Dreamliners EgyptAir plans to buy an unspecified number of Airbus A320neo single-aisle planes.
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Egypt partners with CNN to promote Egyptian tourism
The American network's advertising company chief Rany Raad hailed the partnership, at a time where Egypt is growing as a unique tourist destination.
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Egypt to finish unloading Romanian wheat cargo by Tuesday
43,000 tonnes have already been unloaded, said agriculture ministry spokesman adding none of the cargo had been transferred for sieving yet.
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Egypt's New Population of 104 Million is Draining Their Economy
The figure marks an increase of 22 million in 10 years, Abu Bakr Al Guindy, the head of the Central Agency for Public Mobilisation and Statistics said
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Egypt devalues mobile recharge cards by 36 percent
For example the EGP 100 recharging card will give EGP 70 credit, the EGP 50 card will give EGP 35 credit and so on.
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India, Egypt can work together in IT area
Egypt on its way to become a regional superpower in IT, it has the research, the startups and the young skilled population.
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Egypt’s major IT players in recruitment drive
Egypt’s IT sector is seeing an increase in staffing, amid a surge in hiring by multinationals that are expanding operations in the country.
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Supply Ministry warns of deadly poisoning perfume on market
There is a perfume called Relax sold in pharmacies and gift shops that leads to poisoning and death within three days of its use.