News
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New Egypt bank rules to boost business lending and growth
Central Bank cut the maximum amount that banks are allowed to lend to a single client to 15 percent of their Tier One capital, down from 20 percent.
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Decline in Egyptian business activity slows in in December
In a survey, the Emirates NBD Egypt (PMI) for the non-oil private sector rose to 48.2 points in December from 45 points in November.
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Egypt eyes improvement on €4.4b trade with Germany
Some 935 German or partially German companies have invested about 2.5 billion in Egypt recently.
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Egypt probes Red Sea resort attack
Egypt's tourism minister was to visit today victims of an attack at a Red Sea resort hotel.
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Egypt's cabinet approves two Chinese deals for coal-fired power plants
The plants will be built in the Hamrawein area in the Red Sea governorate east of the country.
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Egypt to impose import rules to shore up reserves
Authorities have the right to exempt factories from some or all the registration requirements.
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World Bank cuts Egypt's predicted 2016 growth rate
Egypt's economic growth is forecasted to slow to 3.8 percent in fiscal year 2015/16 from 4.2 percent expected in 2014/15.
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Saudi Arabia to support Egypt with $3B of loans
The kingdom will loan $1.5 billion to develop the Sinai Peninsula and $1.2 billion to finance Egypt’s oil purchases.
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Payment snag delays French wheat cargoes for Egypt
The shipments are part of tender purchases made by Egypt's state grain buyer GASC.
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OLX Egypt proved to be the biggest market place for cars sale in Egypt
OLX Egypt Auto section recorded over 88 million visits between January and November 2015.
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Egypt’s forex reserves hit $16.455bn in December
Egypt has found a lifeline in tens of billions of dollar loans and deposits from Gulf countries.
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Saudi-Egyptian business council talks kick off in Riyadh Monday
Since the 2013 ouster of Muslim Brotherhood president Mohamed Morsi, Saudi Arabia has been one of Egypt's main financial backers.
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Business ISAQ Aviation UK to launch Egyptian branch to train pilots: ISAQ Chairman Rotating Banner ISAQ Aviation UK to
500 flight hours are provided per person to qualify them to work for international aviation companies.
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Credit Agricole, BNP Paribas to finance Egypt's oil refinery expansion
The loan will be guaranteed by the Italian central bank and the Italian export development authority,
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Egypt allows 'upon arrival visas' to Chinese tourist groups
In an effort to boost tourism, Egypt's tourism ministry announces that Chinese tourists who come through a tourist agency won't need visas in advance.
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Egypt's economy in numbers 2015, an Infographic
A weakened stock exchange,battered tourism sector, falling Suez Canal revenues, inflation, declining EGP and other challenges marked 2015 economy.
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Egypt’s bourse registers 1 700 new companies in 2015
Such an increase was led by foreign companies that increased by 47 percent to 1,198 companies.
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Egypt to receive $500 million from African bank 'within hours,' WB loan in January
A value added tax is not a condition for the World Bank loan, says Egypt's minister of international cooperation.
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Sawiris dominates Egypt’s financial sector in 2015
By December, Orascom presented an acquisition offer to CIB's CI Capital.
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Egypt: Real Estate Market 2015
This is extracted from Africa Report that provides an overview of the continent's diverse property markets.