News
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Egypt Suez Canal revenue drops to $408.4 million in November
The November revenue was the lowest since February.
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Egypt-Saudi Arabia trade exchange hits $3.7 bn in 8 months
The most exported items from Egypt include household appliances, cables, wires, furniture, organs, onions and cheese.
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Saudi Arabia Promises Egypt More Aid, Could Buy Local Debt
Support includes $8 billion of investments, energy assistance as the two governments discuss Saudi purchase of T-bills and T-bonds.
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World Bank's loan gives credibility to Egypt's economy
Prime Minister Sherif Ismail said on Monday that the World Bank's approval of a US$3-billion loan gives credibility to Egypt and its economy.
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AfDB approves $1.5 bn loan to Egypt
The bank's approval today is a strong message affirming that the Egyptian economy is moving at a steady pace towards comprehensive development.
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Egypt is going to hire a foreign company to improve airport security
Egypt's civil aviation ministry said it had completed a preliminary report on the crash which had so far found no evidence of a criminal act.
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Egypt's startups compete for venture capital on global stage
Thousands of attendees participated in the Cairo RiseUp Summit earlier this week in the hopes of following in the footsteps of young entrepreneurs.
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How solar energy is sparking new business in Egypt
Egypt, which currently gets 90% of its energy from fossil fuels, is trying to take advantage of its plentiful sunshine through solar power.
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Why Microsoft, Uber And 500 startups came to downtown Cairo
The third RiseUp Summit attracted entrepreneurs from all over the Arab world. Attendees reached 4000 people.
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Egypt's budget deficit rises July-Sept as subsidy spending increases
The government spent more money on subsidies, finance ministry data showed.
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5 bln from SACE to support Italian firms and export
Egypt is one of the most strategic markets for the country in the Mediterranean.
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Egypt takes over new capital construction
The mega-project was unveiled in March at the Sharm el-Sheikh economic summit.
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Egypt's president approves $400mn loan from IBRD for social scheme
The loan was approved by the International Bank for Reconstruction and Development last April to support the Karama and Takaful social schemes.
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Urban consumer inflation up in November
On a monthly basis, the urban inflation rate fell slightly by 0.3 percent while prices of food and beverages retreated by 1.7 percent.
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HTC acquires 8% of market sales in first 9 months of 2015
The rise is considered low due to the high prices of HTC.
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High Egypt in crisis, bets on mining sector
The downing of the Russian Airbus in Sinai made the presence of tourists increasingly scarce.
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Greece, Egypt, Cyprus discuss offshore gas rights
The talks come after the discovery of a large gas field off Egypt's coast.
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Huawei to establish smartphone assembly factory in Suez Canal Area
We aim to turn Egypt into a centre for exporting smart devices to Africa, says Aranda.
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Egypt sees LE30 billion in car sales in 2015
The Egyptian automotive market saw 279,000 cars sold this year, which is below AMIC’s expectations of around 300,000 automobiles.
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Al-Sisi calls for creation of common Arab market
The Egyptian president delivered a speech at the Arab Thought Foundation.