News
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Egypt's power choices appease public, squeeze industry
Production will continue suffering unless the government starts diverting some of the gas supplied to electricity plants powering homes to factories.
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Egypt's Pioneers Holdings' Q2 profit triples
Pioneers specialises in market research and brokerage services but also has investment arms in real estate, industry and financial services.
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EGP 2.8bn in urgent funds to improve public services
Ministry of Finance dedicates EGP 74.1m for operation of non-economic railway lines and student subscriptions.
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Egypt, Jordan probe economic cooperation
Abdel Nour also stressed the need to boost tourism cooperation between the two countries.
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Egypt extends high-moisture wheat exemption for one year
Egypt imports of 10 million tonnes of wheat per year, split more or less equally between GASC and private importers.
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Edita to support Hostess production with new plant in Egypt
Edita said the new plant will allow the company to expand capacity to make existing products while simultaneously allowing it to introduce new Hostess
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EgyptAir chairman discharged for 'mismanagment'
EgyptAir had accumulated LE10.11 billion in losses over the three years following the 2011 uprising.
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Rice exports halted
Abdel Nour said the decision comes to meet domestic rice requirements.
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Hyundai exports "Made in Russia" cars to Egypt, Lebanon
Hyundai Motors ' factory in St. Petersburg has started production of cars to be exported to the Egyptian and Lebanese markets.
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Egypt-Russia trade exchange hits $5.4bn
President Abdel Fattah el-Sisi planned visit to Moscow will further cement economic cooperation between the two countries.
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India hopes Egypt will offer favourable business environment
India recognizes Egypt is not only a large market but it can also become the hub for manufacturing in the region because of the trade agreements.
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#25Under25: The Entrepreneurs Driving Egypt’s Startup Revolution
Egypt's startup industry is one of the fastest growing in the region, if not the world, with an ever-decreasing age of entrepreneurs.
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Egypt's CBE approves CIB's acquiring of Citibank
The deal includes Citibank's retail portfolio and credit card businesses.
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Egyptian stock market recovers on Tuesday
Recovery parallels US and European stocks’ upturn. The EGX-100, EGX-70 and EGX-20 have increased by 1.21%, 1.61% and 2.71% respectively.
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Egypt's president ratifies amendments lowering income tax ceiling
The amendments also exempt more people from income tax.
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India, Egypt agree to step up bilateral cooperation
Trade between India and Egypt during the last financial year (April 2014 -- March 2015) has been recorded at USD 4.76 billion.
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New investment opportunities to be created in Upper Egypt
The projects include an international tourist center an international conference center, a Formula 1 race course, a zoo, a film production city..etc.
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Heat wave ignites tyre market
Traders exploit heat wave currently affecting Egypt to raise tyre prices.
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Egypt's trade deficit grows 28.7% in May
The CAPMAS report, the rise in imports' value was due to the increase in the value of certain goods such as vehicles.
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Egypt to impose value added tax in 'weeks'
The long-awaited value added tax law will soon be submitted to the cabinet, says Egypt's finance minister.