News
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Egypt's beekeepers under threat as economy slumps
Egypt's beekeepers say their hives are under threat because of a shortage of sugar, as are the flowers and crops that their bees pollinate.
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Internet market loses 2.5 million customers in September
Usage of mobile grows, while mobile internet declines.
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Rosatom expects to conclude Egypt NPP construction deal by year-end
On November 19, 2015 Russia and Egypt signed an inter-governmental agreement on constructing the first NPP in El Dabaa.
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Egypt, Slovenia sign 3 business cooperation agreements
Trade volume between Egypt and Slovenia amounted to €161m in 2015, says minister.
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China signs three-year $2.62 billion bilateral currency swap with Egypt
A move that importers and economists said would facilitate trade and improve foreign currency liquidity in cash-strapped Egypt.
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Egypt's foreign reserves rise by $4 bln in November
The country's foreign reserves reached $23 billion by the end of November, up from $19 billion in October 2016.
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Egypt's non-oil business activity falls to 40-month low as costs rise
Business activity in Egypt shrank in November as weakness in the pound currency raised costs and hit output, a survey showed.
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Egypt sharply increases customs duties as it seeks to curb imports
Finance ministry said the new tariffs would boost customs revenues by 6 billion EGP($339 million) a year, if imports remained at current levels.
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Egyptian-Chinese business forum kicks off in Cairo to explore larger investments in Egypt
50 CEOs of China's largest companies discuss larger investments in the Egypt, saying "the country's market is large and ripe for growth'
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We want more trade with Egypt: Tunisian investment minister
Ahram Online spoke to the Tunisian minister at the country's 2020 investment conference.
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Egypt's tourist numbers increase 7 pct in October against September 2016
Numbers for October this year still short of totals in the same month 2015.
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Resumption of flights between Russia, Egypt to require one more inspection at airports
"Before the proposal to relaunch the flights, one more inspection will certainly be needed," Russian Transport Minister Maxim Sokolov said.
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Egypt boosting its electricity capacity through renewables
The Ministry of Electricity and Renewable Energy plans to increase the amount of power generated from renewable energy sources from 12% to 22% by 2022
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Egypt's Further Economic Good Sense - Cutting Fuel Subsidies As Well As Floating The Pound
Getting rid of the price fixing and moving to the market rate will increase economic efficiency. Increased economic efficiency makes people richer.
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Egypt's government plans second phase of economic reforms
The new phase will include the introduction of a new food subsidy system for low-income citizens.
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Raya to sell Nokia smartphones with Android OS in Q2 of 2017
The company will focus on increasing its revenues in USD through the expansion of call centre and maintenance services in the African market in 2017.
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Egypt regulator in 4G penalty warning
LTE services in Egypt are about to start but the head of the regulatory body is warning companies of penalties for failing to meet quality standards.
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Glencore comes out top as Egypt awards mega LNG import tender
Egypt will import around 60 cargoes of liquefied natural gas (LNG) next year and Glencore will be the biggest supplier.
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Egypt attempts to encourage business investment
The move comes as Saudi support wanes and severe potential unrest threatens inflows.
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Egypt’s real estate market approaching bubble: Sawiris
Tax equality between real estate and tourism investors provides fairness.