News
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Egypt's Suez Canal revenues 'driven down by slowing global economy'
Despite the opening of the Suez Canal expansion, revenues from the watercourse dropped in August relative to the previous year.
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Egypt pound weakens in central bank sale, parallel market
Egypt has sought to tame a once-thriving currency black market by imposing a cap on dollar-denominated bank deposits among other measures.
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The Economy in Parliamentary Elections - Big Slogans, No Policies
Since no economic policy trends have emerged among individual candidates, Aswat Masriya has shed light on the promises of competing parties.
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Egypt devalues pound for third time this year
The pound weakend by 1.3 percent to just under 8 against the dollar.
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Egypt tycoon’s party makes case for free market economy
Najeeb Sawiris’ party seeks to scrap subsidies that have ‘slowed economic growth’.
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World Bank and African Fund visit Egypt to negotiate loans
Egypt is currently negotiating loans worth over $8 billion with the two international financial institutions.
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Egypt to receive $3 billion loan from World Bank
Prime Minister: there is a deficit in the budget and we have to handle it gradually.
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Rosatom Seeks to Build Four Egypt Reactors in Regional Push
El-Dabaa, Egypt’s first nuclear power project, would help the Arab world’s most populous country meet its rising electricity needs.
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Energy crisis in Egypt's factories will end in November
In summer, to avoid fuelling discontent, the government allocated the greater proportion of national energy resources to homes over factories.
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Suez Canal revenue rises to $462.1 million in August
The canal is the fastest shipping route between Europe and Asia and is one of the country's main sources of foreign currency.
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Junior Business Association participates in Egyptian Craftsmanship Festival
The festival was organized by the Francophone Activities Center at the Library of Alexandria. Senegal was this year's guest of honor.
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Egypt eyes up juicy citrus market
4 million metric tonnes. That's how much citrus Egypt produced in 2013.
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Egypt able to provide necessary foreign exchange to import basic goods
Government is committed to adjusting market to mechanisms of free market and provide dollars of strategic goods withheld at customs, says Ismail.
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Egypt picks 7 winners in tender for 55 LNG cargoes
Last month Egypt received its second LNG import terminal from Singapore-based Norwegian group BW Gas.
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Egypt's stalled $35 bln housing scheme, big dreams to harsh reality
Egyptians were promised one million homes by 2020 at a cost of about EGP 280 billion.
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Egypt expects $1.5 billion in loans
The loans from the World Bank and African Development Bank (AfDB) by the end of 2015.
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EBRD launches Women in Business programme in Egypt
the aim is to provide comprehensive package of financial and technical support for Egyptian women who are starting up or expanding their companies.
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$2.4bn trade exchange between Egypt and COMESA
Africa attracted $55bn of the world’s total $1.26tn of foreign direct investments in 2014, according to N GAGE report.
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W Hotels to expand to Egypt
Starwood currently operates 11 hotels in Egypt with a further 3 under development. The Sharm El Sheikh will be Starwood's 14th property in the country
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Eni awarded two new exploration blocks in Egypt's Mediterranean
ENI was awarded a 37.5% right in North El-Hammad along with BP (37.5%) and Total (25 percent). In the 2ndblock in North Ras El-Esh 50%.