News
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Solar energy production falls by 48%: Baseera
Electricity from solar power totalled 247m KWh in 2012/13, compared to 479m KWh 2011/12.
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Naftogaz's oil and gas business in Egypt more revenue stream than energy source
Ukraine’s state energy company Naftogaz is finally reaping the rewards of his overseas prospecting ventures.
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Egypt economy grows 1.1% in Q1 as power shortage takes toll
Economists divided on whether Egypt will achieve the government's growth forecast.
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Egypt renews warning against travel to Libya
The ministry also advised expatriates to keep away from territories where clashes are taking place, according to a Sunday statement.
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Egypt to open Sphinx area to tourists again
"The Sphinx courtyard will be opened for the first time since the restoration" of the monument, according to Antiquities Minister Mohammed al-Damati.
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Egypt spent $3 bln on fuel subsidies in the first quarter
The government cut energy subsidies in July, raising fuel prices by up to 78 percent.
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Interview: Maersk talks with Egypt government on Suez Canal expansion
Maersk, the major player in commercial shipping in Egypt and the Suez Canal, laments a lack of government enthusiasm for expansion plans that would serve mutual interests.
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Citibank's response on stories claiming the closing of the institution's branches in Egypt
CEO of Citi Egypt Nadir Shaikh has sent the following statement in response to stories on the status of Citibank in Egypt.
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Egypt explores further cooperation with World Bank
The meeting discussed current efforts to leverage competitiveness and attract more investments to the country.
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Encouraging signs for Egypt’s economy
The upward momentum has attracted a flood of new listings, according to the chairman of the EGX.
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Egypt's unemployment remains high at 13.1% in Q3 2014: CAPMAS
Egypt's unemployment slows down 0.2 percent as growth is expected to gain momentum.
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Egypt's Orascom reports Q3 net loss of EGP72.6 mln
Orascom saw revenues of 792.8 million pounds in the quarter, up from 739.2 million a year ago, the company said.
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NBE to fully automate risks management: Information Security director
Egyptian customers’ trust in banking technology will increase when the banks offer services with high security standards, Abeer Khedr says.
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Telecom Egypt: "Telecom market in Egypt is young, growing and very attractive"
Interview with Mohammed Elnawawy, Managing Director, CEO and Head of Customer Care of Telecom Egypt.
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Number of tourists to Egypt rises by 193% in September as sector continues recovery
Egypt welcomed 884 thousand tourists in September 2014, less than in August but twice as much as the previous year.
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High optimism among Egyptian consumers: MasterCard index
Consumer confidence has grown significantly since the new presidential elections in 2013, with Egypt slowly beginning to get back on track.
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BP Egypt, partners to invest $240 million in Egyptian blocks
BP holds 50% interest in the Denise-Karawan (Deka) natural gas development offshore the Nile Delta, which started production in August.
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Citigroup says Persian Gulf aid for Egypt may wane on Oil
This could complicate plans by the government to issue as much as $1.5 billion of bonds next year.
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Egypt to repay debts to foreign oil firms within six months
Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost three years of instability.
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Egypt's gas exports fall 81.4% in September
Natural gas exports continue to drop as more production is used to meet Egypt's rising electricity demands.