News
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Egypt must work harder to revive tourism after setbacks
66 people are believed to have died in EgyptAir crash and the reason is not yet clear,the crash is likely to affect Egypt's tourism and airline image
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February banking deposits up by EGP11billion
The private sector accounted for 59.3 percent of the total credit facilities granted by banks to their clients in the period between July and February
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Egypt is facing serious drug shortages
Egypt is raising the price cap on medicines that cost up to 30 Egyptian pounds ($3.38) by 20 percent in an effort to address drug shortages.
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Egypt’s tycoon buys ONTV channel from Naguib Sawiris
The company did not announce the value of the deal.
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Egypt's Beltone board agrees to 1 bln pound capital increase
The offering would be made at the nominal value of two pounds per share for the existing shareholders.
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Vodafone Egypt adds 151,000 customers in Q4
The company also had 213,000 fixed broadband customers at the end of March, down from 243,000 in December.
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Egypt buys three million tonnes of domestic wheat
The ministry said farmers are continuing to harvest the wheat, the farmland for which amounts to 3.4 million feddans nationwide.
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Egypt's President Sisi inaugurates $2.7 bln worth of electricity projects
Power outages have been frequent over recent years during the summer months.
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Egypt investigating bottled water brands after samples found contaminated
Coliform bacteria (which usually indicate the presence of fecal matter) were found in samples of Nestle Pure Life and Baraka Water bottled water.
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Egypt in the Panama Papers: Business tycoons, state-run banks spotted
Founder of Egyptian parliament's majority party; Free Egyptians, Naguib Sawiris, was exposed in the offshore leaks.
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Ratings agency revises Egypt outlook to negative
The global ratings agency, at the same time, kept Egypt's long- and short-term foreign and local currency sovereign credit rating unchanged at B-/B.
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Egypt launches bids for oil exploration
Arrears owed by the government to oil firms stood at $3.2 billion at the end of March, Reuters reported earlier in April.
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Egypt's El Sisi inaugurates 32 developmental projects
El Sisi inaugurated the 32 new projects in 19 governorates via video conference on Thursday.
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Egypt to establish skytrain worth $4.5bn
The rail line is planned to be 35 km long, 10 stations and transporting 270,000 passengers a day. The journey time from Giza to 6October is 38 mins.
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Egypt signs $250 mln MoU with EBRD to develop Heliopolis Tram
The loan will assist in financing the rehabilitation of the tram link between the Ramsis and Almaza areas.
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AfDB current portfolio with Egypt’s SFD hits $225 million
Soliman:we are negotiating the bank over another loan worth $200 million to finance Egyptian infrastructure projects
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Egypt announced second largest economy in Africa
The IMF says South Africa is no longer the second largest economy in Africa, losing the position to Egypt.
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Egypt's urban consumer inflation hits 10.3 pct in April
Inflationary pressure resurged when the central bank devalued the pound in March by about 13 percent.
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Investment Minister Opens Exchange Museum
The museum has manuscripts and minutes of the bourse's board and the handling of operations since its foundation135 years ago.
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Saudi company Acwa Power to invest $12bn in Egypt
Acwa will not negotiate MoU until projects are decided upon.