News
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Mehleb inaugurates AOI’s PV solar panels production line
The organisation is currently preparing for the establishment of a 50 MW solar plant in Beni Suef.
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UAE to offer Egypt grant for 10-year slum development project
The project will prioritise slum areas in Upper Egypt's Minya governorate and Cairo's Manshiyet Nasser district.
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MIHC controls 60% of insurance market shares : Deputy Chairman
Three companies emerged from MIHC, and are 100% owned by it: Misr Insurance (properties); Misr Life Insurance; and Misr Real Estate Assets.
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Egypt jumps 6 spots in Global Peace Index 2015; economy still bleeding
Egypt is ranked 137 this year, compared to 143 in 2014 and 11 among the 19 MENA countries.
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Further fuel price hikes needed: Analysts
In the draft budget, fuel product subsidies are cut by LE9 billion to LE61 billion.
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Banque Misr celebrates 95th anniversary
Egypt’s first bank, Banque Misr was established by Talaat Harb.
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Egypt bank to unseat Standard Chartered
Egypt’s economic output this year may jump to 4.2 percent, about double the average annual rate of growth since the uprising that ousted Hosni Mubarak
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Second call to boycott Egypt's phone operators to be announced on Saturday
Five to eight million people are expected to participate in the campaign"down with our networks".
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Egypt's draft budget slows fiscal reform, a credit negative: Moody's
The government also targets a debt-to-GDP ratio of 80-85 percent by FY 2018/19 after soaring to 97 percent in FY 2013/14 on the back of Gulf aid.
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Egypt's EGAS to conduct Mediterranean's largest seismic exploration project
Seismic explorers search for oil and gas deposits under the sea by bouncing sound waves off rock from cables towed across the water.
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Ministry of Housing denies termination of Cairo Capital MoU
Contradictory reports have surrounded project since its announcement.
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Egypt's Orascom Telecom reports Q1 2015 net profit of $49 mln
Operating revenue rose to 647.39 million pounds from 645.20 million.
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Egypt to host 3rd session of Arab European business summit in November
He added that the summit aims to integrate Arab and European investors with international companies, technology exporters and modern management ways.
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Egypt to establish joint-stock firm for power production units
Egypt is currently undergoing one of its worst energy crises in decades due to poor infrastructure and a growing demand for electricity.
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National Bank of Egypt picks banks for potential benchmark bond
The Egyptian government returned to the international debt market this month after a five-year hiatus due to political and economic instability.
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Egypt: Bisco Misr to Voluntarily Delist From Egypt's Stock Exchange
Established in 1957, the originally state-owned Bisco Misr is one of the country's main providers of baked goods and confectionery.
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Egypt to double export subsidies: MENA
The current fiscal year has seen the implementation of the first stage of a five-year plan to lower electricity subsidies by 67 percent to LE9bn.
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Egypt receives fast missile navy vessels from US
Egypt receives aid worth $1.5 billion from the U.S. since 1979. This included $1.3 billion in military aid.
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Egypt- Ministry of Housing may provide lands in exchange for housing units: Badr El-Din
A proposal suggests the government provide lands for the real estate developers in exchange for 15% of housing units as payments for the land.
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Egypt: Sisi, CBE Governor Review Efforts to Provide Foreign Exchange
They discussed measures adopted to eliminate currency dealing on the black market.