News
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Egypt's cabinet dismisses reports on new fuel prices increase
Egypt began a trial run for the fuel smart card system with official assurances that the system does not limit individuals' share of subsidies.
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Egypt's wheat reserves enough to last for five months
According to the minister, the large import is part of a plan to increase the country's reserves of essential food commodities.
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Egypt's trade deficit down 19.9pct year-on-year in October
Month-over-month the deficit increased 22.8% in October, compared to September 2016.
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Egypt's mobile operators Orange, Vodafone referred to prosecution over 4G ads
The CPA accused the two companies of marketing for the new fourth-generation (4G) service which it said had not yet been officially launched.
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Egypt to focus on African exports market
Negotiations for the establishment of a free trade zone with Africa to begin this year.
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Egypt's EGX 30 index climbs 76% in 2016, market cap highest level since 2008
Egypt’s main stock index, EGX 30 has brought its gain for the year to a spectacular 76 percent, to hit 12500 level, the highest ever!
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Egypt’s construction sector is most prosperous in the MENA region
Egypt is the most prosperous construction market in the region despite the effect of the currency’s devaluation and the high inflation rate.
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Egypt PM reforms country's ministerial economic committee
The committee is tasked with assessing economic policies and maintaining financial stability in the short, medium and long term.
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Egypt Offers Exchange Rate Relief to Firms Hit by Pound Float
9 of Egypt’s biggest business associations ran a full-page ad in newspapers appealing to President Abdel-Fattah El-Sisi to find a solution.
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Egypt topped developing countries in arms imports in 2015
A US report stated that Egypt imported US$5.3 billion worth of arms in 2015, more than any other developing country.
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Egypt eyes Chinese arrivals to boost economy
Egypt hopes a steady stream of Chinese visitors will help support the struggling economy.
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Italy's Eni signs 2 new gas exploration deals with Egypt
However, Eni has a 50 percent participation stake in the North Ras El-Esh block, which is operated by BP with an equity of 50 percent.
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Air traffic with Egypt likely to be open in January 2017
Russian transport Minister said the government will decide on resumption of flights to Egypt on the basis of expert conclusions.
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Egypt's currency black market nearly eliminated, prices will fall
Tarek Amer says consumer inflation will be brought under control when Egypt’s exports increase, aided by the return of tourism and foreign investments
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Egypt Year in Review 2016
IMF loan, depreciation and many other events happened in Egypt's economic year 2016.
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Egypt is very promising and has a sizeable economy
DP MENA senior vice president said that Sokhna port has a 25% market share in Egypt.
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Egypt's Sisi says military accounts for 1.5-2 percent of economy
That would put the military's share of economic activity at between $2.39 billion and $4.26 billion.
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How a fluctuating oil market is likely to impact Egypt
Oil market drove prices down and created a depreciating marketplace, while forcing the intergovernmental OPEC to take action.
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Egypt targets 5% economic growth by mid-2018
Despite its woes, the government has projected 5.2 percent GDP growth in the year to June 2017.
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A15's affiliates volume of business to record $150m by 2017
A15, a company specialised in investing in startups, predicted its affiliates will reach a volume of business worth 150m by 2017.