News
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IMF sees 'productive' talks on Egypt loans with China, Saudi Arabia
IMF spokesman said that he expected the Fund's board to meet in the next few weeks to consider a $12 billion financing program for Egypt.
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Egypt sacks heads of silos company, internal trade development
The new minister was appointed earlier this month after the former resigned under pressures of corruption charges.
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CBE expected to increase interest rate by 1% on Thursday
High inflation, application of VAT would raise Egyptian pound’s interest rate by 2% by the end of 2016, says analyst.
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KLM to suspend Egypt flights over 'economic reasons'
Reasons were, the devaluation of the Egyptian pound and restrictions by the country's central bank on the transfer of foreign currency out of Egypt.
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Fruit and veg exporter aims to expand in African market
Ghabbour farms currently export to Arab, Asian, European and some African markets now it's time to deal with rest of Africa, Asia and Eastern Europe.
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Egypt's new VAT now in force
President Sisi ratified the VAT and thus is officially implemented.
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Egypt receives first $1 bln tranche of World Bank loan
The World Bank has provided Egypt with the first $1 billion tranche of a $3 billion loan, as part of its support for the government's economic program
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Nokia powers Orange Egypt to launch personalized services
One-NDS assists operators such as Orange Egypt to analyze and monetize their subscriber profile data.
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Egypt's core inflation rate hit 13.23 pct in August 2016
InMarch, Egypt, which relies heavily on imports of wheat and other staples to feed its population of 91 million, devalued the Egyptian pound by 14 per
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Health ministry decision makes zero ergot Egypt's new normal
Ergot can cause hallucinations in large amounts, is considered harmless in low quantities and more common international standards of 0.05% tolerance.
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GAFI pledges to support Egypt’s private sector to broaden its business in Africa
Authority of investments works to establish genuine partnership with Africa owing to the availability of necessary resources and capabilities.
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Egypt offers long-awaited 4G licences
Egypt hopes to raise a combined LE22.3bn ($2.5bn) in licence fees.
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Egypt to hire private companies to clean, manage and secure Giza pyramids area
The government also will increase tourism police in the area and will coordinate with the interior ministry to rebuild a nearby police station.
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Egypt to hire private companies to clean, manage and secure Giza pyramids area
The government also will increase tourism police in the area and will coordinate with the interior ministry to rebuild a nearby police station.
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Egypt agrees to international arbitration in next phase of solar scheme
The decision comes after a standoff over the issue prompted international lenders to pull out of an earlier phase.
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An Italian investor’s mission to save Sharm El-Sheikh
Owner of Domina Coral Bay launches “Sharm El-Sheikh is safe" and "We will not leave" campaign, invites leading Italian figures for free visit.
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(2nd LD) Park calls for enhanced business cooperation with Egypt
During the summit, Park asked the Egyptian leader to support South Korean firms seeking to make inroads in the large North African market.
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Egypt’s approval of value-added tax is credit positive
Moody's Investors Service said Egypt's approval of the value-added tax is a credit positive despite being approved at 13% instead of 14%.
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Vodafone Egypt to use old credit facility for 4G
In 2014, the company signed a credit facility worth EGP 4 billion with an alliance of seven banks.
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Go-Go Car is the latest ride-sharing app to hit Egypt’s market
"The safety procedures is one of our main concerns"said Ibrahim Khater, founder of Go-Go Car.