News
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Egypt issues new law liberalising electricity market
The law separates the Egyptian Electric Utility and Consumer Protection Regulatory Agency from the Electricity Ministry, making it an independent body
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Mehleb forms ministerial committee to complete Damietta furniture city
Official Egyptian delegation including Governor of Damietta to visit Italy soon to benefit from their experiences, says Prime Minister.
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Air Seychelles Adds Codeshare Flight to Egypt
Cairo was added to its codeshare agreement with Abu Dhabi-based Etihad Airways so Egyptian passengers can experience the Seychelles islands.
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Cost of ADSL services increases in Q1 of 2015
Internet services cost $10.1 per subscription, while mobile phone services cost $2.8.
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Emaar Misr boosts net sales by 20% in H1 of 2015
Real estate developer scored net sales of EGP 3.91bn in first half of current year compared to EGP 3.26bn last year.
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Legal & General exits Egypt unit after 17 years
The company is selling its Egyptian business to its rival Axa for around $97.5m.The deal closes by the end of this year.
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FEI presents proposal for automotive industry strategy’s principles
Transportation division forms committee with Industrial Development Authority to place implementation mechanisms for the strategy.
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Egypt strikes deal with Chinese company to fund 1m Acres Project infrastructure
Facilities of the One Thousand Factory Project completed, temporary licenses are being issued after the approval of the cabinet, says Madbouly.
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Egypt Keeps Pound Steady On Official Market
The Egyptian central bank kept the pound at a steady rate of 7.73 pounds to the dollar in a central bank auction.
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Concern over European warnings against travel to Egypt
Income from tourism sector, Suez Canal are important for Egypt’s economy to acquire foreign currency.
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Egypt to begin food imports via direct order
No tenders to be issues by the government for certain food, to be directly ordered instead.
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Private free zones’ terms reviewed, new controls to be introduced
Study will be conducted regarding establishing new free zones and attracting investments to current regions, says Salman.
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WASME to hold annual conference in Cairo in September
The decision was taken due to the association’s interest in the Egyptian market.
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Egypt's annual core, urban inflation drop in June
Urban consumer inflation dropped to 11.4 percent from 13.1 percent in May, official statistics agency CAPMAS said.
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Egypt’s urban expansion depletes fertile Nile farmland
Scientist Farouk El-Baz warned that at this rate, Egypt could lose all its agricultural land within 180 years.
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Egypt's Banque Misr to raise $500 mn via bond sale
Banque Misr, Egypt's second-largest state bank, plans to raise $500 million via a dollar-denominated bond on international markets within three months
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Egypt stocks oust colombia’s as year’s worst on dollar drain
There’s nothing new about Egypt’s dollar shortage. What’s different now is it’s battering the stock market.
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Egypt’s pound stable at 7.73/dollar on official Market
CBE: Egypt’s pound held steady at 7.73 per dollar for a second time in a central bank foreign exchange auction.
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Egypt collects LE267 billion in tax revenues during FY2014/2015
Egypt says it has collected '90 percent of projected tax revenues in FY 2014/2015'.
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Egypt's El Sisi invited to India-Africa Forum Summit
Naqvi underscored the opportunity for India to benefit from Egypt's unique location and potential as a gateway for India into Africa.