News
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Banque Misr requires customers to provide travel documents to use cards abroad
These new controls are designed to prevent cards abuse, says bank chairperson.
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Automotive market fails to control prices of 165 car models in October
Ford and Jeep drive price increase for American cars in Egypt, Chevrolet keeps prices unchanged.
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Vodafone Egypt to pay half of 4G licence in dollars
Vodafone Egypt agreed on Sunday to pay $335 million for the licence as part of the country's long-delayed plan to reform the telecoms sector.
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Telecom Egypt Picks Ciena for Resilient Optical Mesh Network
Diverse network paths provide high-availability, high-bandwidth connectivity across Egypt.
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Egypt's poverty rate surges to 27.8% in 2015
"extreme poverty" reached 5.3 percent, which it attributes to a spike in prices of essential foodstuffs.
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Egypt's Suez Canal considers charging leading shipping carriers in advance
The deal could see shipping carriers pay tolls in advance, at a discount, for up to three years.
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Vodafone Egypt, Etisalat Misr Sign 4G License Deals
Vodafone and Etisalat paid $335 million and $535.5 million respectively.
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Egypt's supply minister sets sugar price amid shortage
The ministry will continue selling subsidised sugar for EGP 5 per kg within the ration card system.
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Sisi Says Economic Reforms 'Hard' but 'Essential' to Save Economy
He stressed that low-income individuals will not face the reforms without protection.
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Cairo maintains 5th place as top tourist destination in Middle East and Africa
Cairo registered a 1.5% growth rate in the number of international overnight visitors in 2015/2016, says MasterCard Global Destinations Cities index.
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Egypt receives $2 billion Saudi deposit in IMF deal financing
The deposit came despite fears that recent tensions between Cairo and Riyadh would see Saudi Arabia back away from supporting Egypt.
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Egypt inches toward IMF bailout as shortages, prices enrage
Egypt still needs $2 billion in foreign reserves to reach a position of strength with the IMF before it starts to gradually float its currency.
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Total to invest $200 million in Egypt over next 5 years
Egypt could be importing between 15 million-20 million tons annually within a decade especially with development of Zohr gas field.
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Orange Egypt to buy 4G licence for $484m
Operator will become second to launch 4G in the country after state-owned Telecom Egypt.
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Egypt ranks first internationally for outsourcing services in 2016
The availability of trained manpower and competitive costs contributed to winning the award, says Hosni.
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China Fortune to help build new city in Egypt
CFLD released a statement saying it had signed an MOU with the Egyptian government to invest in and build the second phase of the new capital.
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Making currency exchange price more flexible is essential part of government's programme
Chris Jarvis, the International Monetary Fund's (IMF) mission chief for Egypt talked to the daily news Egypt about the new loan.
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Egypt military seen as expanding economic share
In August, the military intervened to resolve a baby formula shortage that caused prices to spike and led to protests.
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Starz Play expands with Vodafone Egypt, Maroc Telecom
Vodafone Egypt customers can now use mobile operator billing to access more than 5,000 hours of Starz Play’s Hollywood movies series and documentaries
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Saudi Aramco informed Egypt about suspending oil product supply
Traders told Reuters that Egypt had not received October allocations of petroleum aid from KSA forcing its state oil buyer to rapidly announce tenders