News
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BW Gas to provide Egypt with floating LNG terminal
EGAS is also in talks over importing additional LNG cargoes with Russia's Gazprom and Algeria's state-owned oil and gas company Sonatrach.
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Egypt's Emaar Misr says two senior executives quit the property developer
resignations came several weeks after its disappointing flotation on Cairo's bourse.
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Egypt’s pound steady at official market
Egypt’s central bank usually holds foreign exchange auctions on Sunday, Tuesday and Thursday every week.
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Egypt's economy grows 4.7% in first 9 months of FY 2014/2015
The building and construction sector came as the top improving recording growth of 11.8%, followed by the Suez Canal at 7%.
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New Suez Canal to boost Egypt’s economy, int’l navigation
The new project adds 35 kilometers of new channels in addition to 37 kilometers of existing waterways that were dredged to allow larger ships to pass.
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'Egyptian Industrial Product Preference’ regulation will decrease foreign product imports
The regulation states that the proportion of Egyptian components in industrial products should not be less than 40%.
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Egypt says more than half of conference promises turned into projects
Egypt signed deals worth $36 billion at the conference, Prime Minister Ibrahim Mehleb said at the time.
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French warship arrives in Egypt
Cairo earlier this month received the first three Rafale fighters, ahead of the August opening of an expanded shipping route at the Suez Canal.
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Egypt central bank keeps benchmark rates unchanged
The bank has now held rates steady in four consecutive meetings after surprising analysts with a 50-basis-point cut in January.
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Egypt’s IPOs fuel market momentum
Recovering headline stability and new listings should help to invigorate Egypt’s capital markets in the medium term with investor appetite for assets.
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Egypt raises electricity prices for mid-to-high household usage
Egypt raised electricity prices on Thursday for mid-to-high household usage by an average of 19 percent for the 2015/2016 fiscal year.
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Egypt's TE Data issues new internet prices
The initiative is part of an effort to boost Egypt's 34 percent internet penetration rate, which is low compared to its Arab neighbors.
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Concerns of poor quality of services in hotels due to weak revenues
Tourism workers concerned over negative effect of weak revenues in past four years on quality, efficiency of hotel services.
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Egypt's tourism revenue up 3.1 pct year/year in H1
Revenue last year was $7.3 billion, Ramy said in May, adding that he wanted to reach $26 billion by 2020.
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Egypt’s Property Market Emerges Stronger From Arab Spring
Property investments in Egypt “have outperformed many other types of Capital investments making it a primary driver for the continuous strong demand.”
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Barclays Africa hastens talks to buy banks in Egypt
Barclays Africa Group Ltd said talks to buy its parent company’s operations in Egypt and Zimbabwe have been accelerated following management changes.
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Egypt aims to double tourism economy in five years
The Authority said it aims to attract 20 million visitors to Egypt by 2020, and drive tourism revenues to $26 billion.
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Egypt finishes work on New Suez Canal
The new waterway will be officially unveiled at a lavish event to be attended by Sisi and foreign dignitaries on Aug. 6.
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Deutsche Bank, HSBC said arranging $3.7 bn Egypt power loan
Egypt expects to spend $2.6 bn with foreign companies for electricity, including equipment, this summer, Prime Minister Ibrahim Mahlab said in May.
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Egypt's central bank to hold rates amid inflation concern
Egypt's central bank is expected to keep interest rates on hold on Thursday with inflation still in double digits despite lower global commodity price