News
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Putin, Sisi discuss resumption of Russian flights to Egypt
Egypt is one of Russians' main tourist destinations, and the incident dealt a heavy blow to the country's already battered tourism sector.
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Vodafone Egypt reports 7.3% revenue growth in 2015’s third quarter
Vodafone fiscal year (FY) annually begins in March and recorded 7.3% increase in company revenues in Egypt.
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‘Orange’ will officially be launched in Egypt next Tuesday
The company will hold a conference Tuesday in the presence of the chief executive of Orange to launch the new brand in the Egyptian market.
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Egypt Dollar Crunch May Force Italcementi to Change Regional Hub
The Bergamo-based company has been unable to repatriate 50 million euros ($55 million) of profit from Egypt for about a year.
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Egypt's C.Bank sells $551 million in exceptional FX auction
The auction is to cover imports of strategic goods as Egypt has been suffering from a foreign-currency crunch due to political turmoil.
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Why Egypt’s Economy Could Be Larger Than Nigeria’s
A counter-argument to the rapid expansion of GDP has been that data on Africa’s growth is weak, this presents a different problem: undercounting.
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India keen to boost economic cooperation with Egypt
'Trade between India and Egypt increased by about 60% over the last five years,' India's Ambassador to Egypt said.
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Egypt appoints new head of agriculture quarantine authority
The position has been assigned to Ahmed Embabi, the head of research at the ministry's Agriculture Research Centre.
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Billionaire's Investment Banking Foray Bets on Egypt Revival
Sawiris said he will complete the purchase of CI Capital Holding this month to create Egypt’s second-biggest investment bank.
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Egypt's Domty Bets IPO Discount Will Draw in Investors
The family-owned maker of juices and cheeses known as Domty is looking to drum up interest for the sale of as much as a 49 percent stake.
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Egypt cash reserves notch $16.53billion
Egypt’s reserve of foreign exchange increased from $33.16 billion at the end of October 2015 to the end of the $533.16 billion last February.
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Egypt's largest bank receives $700 mln loan from China
The NBE will repay the loan over eight years, including a three-year grace period.
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Egypt to take part in Berlin’s stock exchange
The delegation will include officials from the Tourism Ministry, Tourism Promotion Authority and Egypt’s Ambassador to Germany.
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Egypt registers 46.3% decrease of tourist numbers in January
A total of 414,100 departing tourists were recorded in January 2016, a decrease of 44.1% from last year.
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Egypt addresses airline concerns on profit repatriation
Last week, Air France-KLM told Reuters it had been unable to repatriate any earnings since October and was owed more than 100 million Egyptian pounds.
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Revenues of Public Business Sector Hit Egp 2.1 Bln in 7 Months
About 260 million pounds were channeled to the public treasury in 2015 from only three holding companies, compared to 50 million in 2014.
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Egypt’s parliament approves defence loan agreement with France
MPs said the loan was necessary to help Egypt's armed forces fight terrorism in North Sinai.
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Egypt SuMed Pipeline Yet to Accept Iranian Oil After Sanctions
Arab Petroleum Pipelines Co., which operates the link known as SuMed, is reviewing terms of the agreement that removed sanctions on Iran in January.
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Local contractors assigned to execute 95pct of Egypt's new capital
The first phase of the 170,000 feddan mega project is due to start before the end of this month.
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Egypt wants to produce 5th generation communication systems jointly with Russia
The production of several types of mobile radio stations that can be mounted on various transport vehicles is being considered.