News
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US poised to lift curbs on $1.5bn aid to Egypt
The potential US spending bill allows the secretary of state to waive conditions placed on Washington’s nearly $1.5 billion in economic and military aid to Egypt.
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Egypt targets 4.3 pct growth in FY2015/16, says ministry
In addition to enhancing growth, the government aims to cut the budget deficit from 11 percent to 9.5-10 percent in the coming fiscal year.
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41% of Egyptian corruption investigations incomplete: World Bank
World Justice Project says Egyptian citizens and businesses find it difficult to access public services without paying bribes.
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Egypt launches food security network
The project covers 93 sites throughout Egypt, and is expected to be operational for the next wheat harvest season.
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Zaazou tells USTOA Egypt is ready for business
He brought the message to the U.S. Tour Operators Association Annual Conference that travelers are coming back to Egypt.
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Egypt's wheat to suffice until April
Egypt has signed contracts for 120,000 tonnes of Russian wheat and 60,000 tonnes of French wheat.
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Egypt restricts travelling to Turkey, Syria, Iraq and Libya
The new procedure is aimed at protecting Egyptians from joining in armed conflicts and to prevent their recruitment by jihadi militias.
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Egypt tourists told not to worry as Cairo embassy closed
Travellers heading to Cairo should continue with their plans even though the UK embassy in the city was closed this week.
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Egypt's trade deficit surges 82% in August
Trade deficit reaches LE32.8 billion in August compared to LE18 billion in the same period last year.
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Egypt’s economy bouncing back after recent upheavals but IMF urges caution
Growth is forecast at 3.8% but clear economic plan may be lacking.
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EBRD injects $50m in trade facility for Egypt
EBRD will issue guarantees in favour of international commercial banks, covering political and commercial payment risks for transactions made by CIB.
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Ministerial chamber to investigate embassy shutdowns: Tourism ministry official
Ministry seeking assistance from foreign and interior ministries to solve issues regarding embassy shutdowns in Cairo.
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Egypt's Orascom to sell assets to Accelero Capital
The assets involve mobile value added services, online advertising, development and content management, it said.
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Egypt extends period of Abraaj bid for Bisco Misr to match Kellogg's
Kellogg, the world's biggest breakfast cereal maker, has twice topped Abraaj's bids.
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Egypt has only begun to tackle subsidy problem, World Bank says
Steps by the government in July to reduce energy subsidies were “tremendous,” Shantayanan Devarajan said.
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Egypt needs legal reforms for Suez hub to work
“If there is a chance there, you need to provide the proper enabling environment for it. You cannot have it with the current bureaucracy," Zaki said.
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Egypt's inflation slows to 9.1% in November
Urban inflation down in November after significant spike during September and October.
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Tourist spending in Egypt rises
The latest figure represents a 15.8 percent growth rate, compared to $63 per person per night for the same period last year.
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EU offers new trade agreement to Egypt and MENA countries
Technical committees for the partnership resume their work following a halt due to political unrest.
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Egypt to launch tender for second LNG import terminal: Source
Egypt to buy a second LNG regasification floating unit to be able to import gas.