News
-
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.
-
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.
-
Egypt Dairy to be re-operated: Hanafy
Re-operating Egypt Dairy is possible however investments and modern equipment are needed, says former company president.
-
New subsidy cut may be the end of Egyptian Cotton
The removal of government subsidies on cotton may leave farmers harvesting 'anything but'.
-
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
-
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.
-
'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.
-
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.
-
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.
-
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.
-
Egypt to pay $700m in debt to Paris Club
The announcement comes amid concerns over a decline in foreign reserves by 6.1 percent to $15.9 billion at the end of November 2014.
-
Egypt's budget deficit hits LE107.9 bln in five months
The government aims to cut the deficit for the current fiscal year, expected to end 30 June, to 11 percent compared to 12.8 percent in FY2013/14.
-
"Paints market in Egypt is highly fragmented," says SCIB Paints
Interview with Manish Mehra, Regional Head - Middle East and Egypt of Asian Paints (SCIB Paints).
-
BG Group receives $350 mln payment from Egypt
Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost four years of instability.
-
Sisi decides to extend farmers’ debt repayment period
The decision came amid Sisi's meeting with representatives of farmers at the presidential palace in Heliopolis.
-
Egypt proves best destination for stock market investors
The MSCI index for Egypt has almost doubled since mid-2013.
-
Egypt pays $2.1bln to foreign energy firms, still owes $3.1 bln
The payment was the third batch to energy firms in the past year, though the government still owes $3.1 billion.
-
Egypt bourse leads the way in region as Cairo signals economic recovery
The Egyptian stock exchange generated better returns than any other regional bourse in 2014 as the economy entered a new phase of growth spurred by aid from the Arabian Gulf.
-
Government decides on support for textile workers, adopts industry as national project
Prime minister appoints ministers of industry and agriculture and Egyptian Chamber of Textile Industries to agree on cotton cultivation policy.
-
Funds positive on UAE, Egypt stocks in era of cheap oil-survey
The plunge of oil and equity prices over the last several months has stunned managers, and they may therefore invest their 2015 equity allocations to the region only gradually.