News
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From coffee to x rays: Almost anything can be sent to homes in Cairo
The customers pay very little for the convenience — delivery charges are typically less than a dollar.
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Price hikes cause recession in Egypt's livestock markets ahead of Eid
Mohammed, whose family dominates Egypt's Birqash camel market some 35km north of Cairo, said the demand this year might be the worst in decades.
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Egypt's tourist numbers drop 41.9 pct in July year-on-year
The state statistics body shows a decline of 60 percent in Russian tourists coming to Egypt.
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Egypt's agriculture ministry reinstates zero tolerance policy for wheat ergot
The decision reverses an earlier decision to accept a 0.05 percent of the fungus, the internationally respected limit, in Egyptian grain imports.
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Egypt's parliament approves VAT at 13pct rate in 2016/17
The new tax is scheduled to be implemented in September.
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Jordan, Egypt agree to activate customs e-linking project
The agreement also includes easing the transit of ships and passengers between Nuweiba and Aqaba Ports.
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Egypt cabinet approves raising natural gas installation fees for households
Natural gas installation fees for residential units have been raised from EGP 1,500 to EGP 1,850.
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Egypt's participation in G20 to boost its ailing economy
Egypt will benefit from China's invitation as it will have a great chance to make some economic deals with the world's biggest economies.
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Egypt sold three-year treasury bonds worth EGP 31 bln
They were sold in an exceptional auction that was exclusive to state-owned banks.
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Egypt requests Mubarak-era tycoon foreign assets unfrozen
This comes after he paid back three quarters of his wealth.
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Egypt sees opening to become largest African economy
Though the top three seem to be in a constant back and forth, Egypt’s future growth prospects put it in a better position than the current one.
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UAE to deposit $1B in Egypt central bank
The $1 billion (800,000 euro) deposit, which is for a six-year period, comes as part of the UAE's "unwavering position in supporting Egypt.
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Egypt to offer 20 to 30% shares in public business sector
The coming period will witness offerings of parts of the capital of successful Egyptian companies and banks on the bourse.
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Egypt negotiates a $1 bln fund from China for sanitation projects
Over the past 11 months, the ministry of int. cooperation succeeded in managing $11.5 billion in financial inflows to support the country's economy.
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Egypt offers cheaper gold on market to combat surging prices
The new line of product has been sponsored by a Saudi-based jewelry manufacturer.
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Egypt eyes tough reforms in last-ditch bid to save economy
Or is the loan just an aspirin?
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India upgrades vocational training centre in Egypt
One of Egypt's largest vocational textile training centres, upgraded with latest technologies using the USD 1 million support from India.
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Egypt's tourism sector turns more attention to Chinese market
Along the coastal strip of Sharm el-Shaeikh lays hundreds of hotels, resorts, travel agencies and night clubs,some of them have been shut down.
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It’s the Economy, My Dear!: a new book simplifies Egypt’s economical system
“I tried laying out fundamentals for a clear-cut roadmap towards a brighter economic future,” says author.
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Egypt's 2015/16 petroleum subsidy spending down 23pct
Petroleum product subsidies have decreased to EGP 55 billion in 2015/16 from a targeted EGP 61 billion . The reason is lower global oil prices.