News
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Egypt's stock market plunges to lowest point in year and a half
The Egyptian stock market dropped on Tuesday, making the third retreat in a row, with the benchmark index EGX 30 dropping by 2.58 percent.
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Egypt's Stock Market Dives After Juhayna Chairman's Asset Confiscation
Thabet's assets were confiscated and his shares in companies listed in the stock exchange were frozen, including Juhayna's.
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Projects will improve Egypt’s economy
Petroleum Minister pointed out that the current phase requires all Egyptians to be united to increase production and support the national economy.
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Egypt seeks 50 pct Internet penetration by end-2016
The government approved a unified licence last year, opening the way for Telecom Egypt to offer mobile services, implementation was delayed.
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Egypt’s economy grew 3% in Q3 of FY 2014/2015
Real GDP growth reached 4.7% in first three quarters of FY 2014/2015, increasing from 1.6% during same period of previous year.
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Egypt Gas loses EGP 48.6m in H1 of 2015
Financial statements show revenues of EGP 544.68m, compared to EGP 290.1m during the same period in 2014.
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Egypt invites bids for 500MW of renewable energy projects
Egypt has invited bids for the development three renewable energy projects with a combined power generation capacity of 500MW.
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Egypt: Experimental Farm reveals market for 'Sewage Farming'
Using wastewater in farming preserves the natural sources of water allows harsh soil with no nutrients to be used and low cost.
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What next for the economy?
The successful completion of the New Suez Canal has prompted economists to call for the similarly aggressive tackling of other economic problems.
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Egypt, FAO to exchange data, agricultural statistics
Egypt and FAO agreed on cooperating in the field of exchanging data, agricultural statistics and related information.
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Dell's Egypt laptop market share hits 35%
Dell Inc.'s market share of Egypt's laptop market has reached 35% by the end of the second quarter of 2015.
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28% of Egyptian youth live in poverty
The unemployment rate among the 18-29 age group, this age group is 20.7 million people, which is 23.6 percent of the total population.
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Egypt, Ukraine trade exchange hits deficit
Relations between the two countries saw remarkable development during 2014, but now face a deficit.
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Egypt forecast to be 8th largest growth market for smartphones
Egypt is also forecast to be the eight largest growth market in the overall technology device sector.
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Egypt's EFG Hermes reports Q2 profit of $22.67 million
The company reported net revenue of 630.952 million pounds for the quarter versus 762.089 million pounds in the same period last year.
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Egypt's Talaat Mostafa first-half profit rises 12 pct
The company posted net profit of 394.37 million Egyptian pounds in the first half of 2015, up from 351.54 million pounds in the same period last year.
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Supporting sharing economy, reaching users via mobile-phones most important strategies
An interview with Abdallah Touqan, the Senior Manager of MENA Public Relations and Communication at Dubizzle reveals reality about sharing economy.
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Egypt, Saudi Arabia seen driving rise in middle eastern IPOs
Of the 11 IPOs in the first half of the year, five were by Egyptian companies and three were in Saudi Arabia, according to the EY report.
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Egypt's Beltone joins NASDAQ Dubai as market maker
Beltone Market Maker a subsidiary of Egypt-based financial services company Beltone Financial joined NASDAQ Dubai to provide market-making service.
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Egypt's new civil services law achieves fairness, says finance minister
Following big protests by public sector workers, Hany Qadry says that the law achieves 'justice' by linking bonuses to productivity.