News
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Russia, Egypt finalized aviation security protocol
No specific time frame for resumption of air traffic with Egypt has been identified so far.
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Egypt investment minister, UK ambassador sign $150 mln loan agreement
The loan is to help Egypt implement its economic reforms. The declaration was agreed upon by UK Foreign Secretary Boris Johnson & president Sisi.
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Archeologists in Egypt discover massive statue in Cairo slum
Ramses II ruled Egypt more than 3,000 years ago and was a great builder whose effigy can be seen at a string of archaeological sites across Egypt.
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Al-Qadi heads to US to promote business in Egypt
The visit includes meetings with Oracle, Cisco, and IDC to activate strategic Egyptian-American partnerships in the field of advanced technologies.
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Will Smith visits Egypt to promote tourism
With nine of his family members, Smith listened to Hawas telling him about the secrets of the pyramids.
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UAE’s Majid Al Futtaim opens $700m Mall of Egypt
The site features an artificial ski slope, a 2,473 capacity cinema and family entertainment concept Magic Planet.
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Egypt's non-oil business activity shrinks for 17th month
While the PMI data still indicated a contraction in Egypt's private sector in February, the headline index rose to its highest level in six months.
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The government’s economy and the people’s economy
Even though the presence of the non-official economy is greatly connected to developing countries, all economic systems include non-official economies
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Signs Egypt's Economy May Be Recovering as PMI Rises
The Emirates NBD Purchasing Managers’ Index for the whole economy climbed for the third month in a row to 46.7 in February from 43.3 in January.
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Vodafone Egypt selects Ericsson for network function virtualization launch
Since October 2016, Ericsson's virtual Serving GPRS Support Node has been serving and managing commercial mobile broadband traffic on Vodafone Egypt.
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Germany pledges $500m to support Egyptian economy
The support will come in the form of grants and concessional funds.German investments in Egypt are estimated to be a total €1.5 billion.
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Egypt reduces price of commercial sugar to EGP 10.50
The decision also enforces merchants to write the prices of sugar on the product's packaging.
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Egypt lowers customs exchange rate to 15.75 pounds per dollar from 16
Egypt is setting a biweekly fixed customs exchange rate in January following the flotation of its pound currency in November.
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Egypt produces jet biofuel from jatropha
Commercial aviation contributes about 2 per cent of global carbon emissions annually.
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Egypt's five- and 10-year bond yields rise at auction
The average yield on the 10-year bond increased to 16.889 percent from 16.784 percent when it was last sold.
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Egypt's floating pound already a success, billionaire Sawiris says
Samih Sawiris on ound flotation and Egyptian economy in an interview with Reuters.
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Egypt signs deals to import 90,000 tons of food oil
Egypt imports 97 percent of its food oil needs.
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NPP project more important for Egypt than resumption of Russian tourist traffic
The nuclear power plant is expected to be built near the city of El Alamein and to be implemented over 12 years.
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Orange Egypt records losses in 2016, blames pound flotation
Orange Egypt has 33.6 million subscribers as of October 2016, according to the company's official data.
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Sun Pharma opens first production unit in Egypt
India’s Ambassador to Egypt Sanjay Bhattacharyya inaugurated Sun Pharma’s Egypt factory in 6th October City, the 1st facility of the company in Egypt.