News
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Egypt's trade deficit rises 22% in December
The deficit was driven by a 9.6 percent increase in imports and a 3.5 percent decline in exports.
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Al Baraka group to invest LE2 billion in Egypt
The Egyptian economic conference set to begin on Friday will host high level diplomatic and business delegations from around the world in a hope to changes its fortunes around.
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Egypt bourse expects 7-8 stock listings by mid-2015: Chairman
Orascom construction is one of these companies.
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CIB Starts Due Diligence on Citigroup’s Egypt Retail Business
Citigroup is exiting its consumer banking business in 11 countries to focus on markets with great scale and growth potential.
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Mohamed el-Erian lists 4 transitions needed by Egypt economy
Erian applauding the government’s recent steps towards economic reform, as well as support from Arab donors.
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European ports set to lose LNG supply to Egypt this summer
Egypt is beginning LNG imports from April with roughly 31 cargoes due this summer at price premiums to Europe.
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Telecom Egypt's 2014 net profit drops 31.4%
The licence, approved by the government last year, has not yet been activated.
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Egypt's SODIC acquires land on Mediterranean North Coast
SODIC will build the company's first coastal development.
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Egypt mulls unified income tax ceiling of 22.5%
If approved, the measure would lower income tax ceiling from current 30% and also apply to future special economic zones.
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Inflation rises to 10.7% in February
The cut was attributed to a decline in the headline consumer price index (CPI) by 1.53% in November and 0.07% in December.
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Siemens to supply four turbines for Egypt power plant
Egypt is facing one of its worst energy crunches in years.
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Orascom Construction to start trading in Egypt on Weds: Bourse
Orascom had started trading in Dubai stock.
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BP makes second deepwater gas find off Egypt
BP announced its new discovered well is estimated to contain more than 5 trillion cubic feet.
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Egypt: Businessmen Association Urges Saudi Investors Exiting Yemeni Market to Shift to Egypt
Egypt strongly believes heavy participation in its economic conference would help its economy recover.
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Egypt: Oil exploration cut-off delayed
Egypt extended the deadline for 2 months so companies can better evaluate the concessions.
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Vodafone Egypt questions legality of WhatsApp Voice ahead of launch
Egypt previously stated it was considering banning free messaging and calling smartphone apps WhatsApp and Viber.
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No petrol price increase in FY 2015/2016: Petroleum minister
Egyptian citizen’s economic situation does not allow change in prices, says Ismail.
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Egypt takes part in business seminar in Malta
The conference marks the launch of the Malta-North Africa business council.
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Egypt No Longer Sees Full Tourism Recovery In 2015
Tourism accounts for 11.3 per cent of Egypt's economy and 19.3 per cent of its foreign currency revenues.
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Egypt targets FDI worth $60 billion over four years: minister
Arabi said he expected the law to be issued by presidential decree within days.