News
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Egypt's urban consumer price inflation rises to 10.1 pct in Dec
Inflation spiked in Egypt after the government slashed energy subsidies in July but fell in November from a peak of 11.8 percent in October.
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Bid deadline for Arab Dairy extended to January 22
Pioneers, a financial firm that already owns 25 per cent of Arab Dairy, is in a bidding war with Lactalis for Egypt's Arab Diary.
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Gold miner Centamin Egypt's revenues rise 6pct in 2014
Centamin, working out of the Sukari mine in Egypt, says its production will rise by 11 percent in 2015.
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Egypt announces parliament elections, vote to start March 21
Egypt has scheduled long-awaited parliamentary elections. The vote will be staggered over seven weeks, starting March 21 and ending May 7.
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Egypt's Palm Hills plans $230 mln share issue to raise capital
PH had called a shareholders meeting to approve the plan, which aims to increase its capital from 2.7 billion to 4.35 billion pounds.
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HOTAC develops 5 branches of internal trade companies : Investment ministry
Private sector carried investment cost of development and paid an annual income for partnership worth EGP 7.6m, with a 10% increase annually.
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Egypt's GB Auto considers $1.5 bln of investments
Raouf Ghabbour also predicted revenue of about $1.7 billion in 2014 and was upbeat about investing in Egypt because of what he called a "stable political situation".
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Egypt sees fastest business growth over past three months
The HSBC Egypt Purchasing Managers Index (PMI) for thenon-oil private sector rose to 51.4 points in December, from 50.7 points.
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Bisco Misr shareholders agree to sell stake to Kellogg
Shareholders controlling 59.91 per cent of the company's shares had agreed to sell at 89.86 pounds per share, Bisco Misr said in a statement.
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Egypt picks partners for 4.3GW renewables drive
Egypt has selected 67 companies to take part in developing some 4.3GW of renewable energy projects in the country, says the New and Renewable Energy Authority (NREA).
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Egypt's reserves down to $15.3 bn in December
Reserves have inched downward on the back of decreased levels of foreign aid and political instability plaguing the Suez Canal and tourism.
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Essel Propack boosts manufacturing capacity in Egypt, China
Essel Propack claims to be the world's largest specialty packaging company manufacturing laminated plastic tubes catering to FMCG and pharma sectors.
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Egypt Dairy to be re-operated: Hanafy
Re-operating Egypt Dairy is possible however investments and modern equipment are needed, says former company president.
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New subsidy cut may be the end of Egyptian Cotton
The removal of government subsidies on cotton may leave farmers harvesting 'anything but'.
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Egypt to subsidize air travel to lure tourists from Europe
Flights from London in the last period were almost complete at 80 percent of normal rates
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Business tycoon Salem requests government unfreeze assets: Source
A judicial source at the Illicit Gains Authority says that business tycoon is seeking to recover his assets from the Egyptian government.
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'1,400 tourists' visit Egypt’s pharaonic ruins in Aswan on new year
Around 1,400 tourists visited Egypt’s landmark temples of Abu Simbel and Nefertari in Aswan, in the far south of the country, on new year.
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Egypt pays $60 mn in arrears to Dana Gas
Egypt recently paid $2.1 billion of delayed arrears to foreign oil firms, the Minister of Petroleum, Sherif Ismail, said last week.
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Promises vs. reality: What did Sisi do for Egypt's economy in 2014?
President Abdel Fattah Al-Sisi made several economic promises to Egyptians prior to his election.
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Important economic decisions in 2014/2015 economic plan
Government decisions not enough - Egypt needs to treat economic crisis by developing comprehensive economic plan, according to economic analyst.