News
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Egypt's Global Telecom reports sharp rise in losses
It also said it lost $154.3 million in the third quarter alone, which compared with a net profit of $50.8 million in the same period last year.
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PepsiCo Egypt imports $20m in agricultural supplies
The company put forward the request to be able to produce locally instead of importing.
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Telecom Egypt profit hit by license fee, tax costs
It said net profit fell to 251.9 million Egyptian pounds ($35.2 million) from 650.8 million pounds a year earlier.
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Telecom Egypt may not exit Vodafone stake after landing new licence -CEO
The company had "not been notified of any exit date" and could look at alternative options.
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Tunnel authority receives EGP 9bn for metro line expansion
Authority needs over EGP 80bn in funding for wider expansion of Egypt’s metro system, says Chairman Ismail El Nagdy.
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IMF mission to visit Egypt on Wednesday
Finance Minister Hani Qadry Demian is working on improving connections between Egypt and the controversial lending institution.
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Egypt meeting with commodities firms on hub project -minister
The plan aims to turn Egypt into a centre for processing and re-exporting millions of tonnes of wheat.
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Egypt announces new power projects worth $10.9bn
The government is adopting a program that aims to achieve sustainable economic development and improve the quality of life for its citizens.
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Egypt's SODIC reports 37 pct rise in profit
SODIC, Egypt's third-largest listed property developer, reported a 37.4 percent rise in nine-month net profit on Tuesday.
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Egypt’s Currency Black Market to be gone in a year: Ramez
“Big volatility is not in our cards for a good time,” Central Bank Governor Hisham Ramez told a visiting U.S. trade delegation.
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Vodafone Egypt denies seeking arbitration on 4th licence
The UK-based company had reportedly said Egypt should abide by international agreements regarding a unified license.
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Egypt's GB Auto profits rise 254% in Q3
Egyptian car assembler and distributor sees surge in profits on highest sales of passenger cars in five years.
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Egypt will host African economic blocs to create free trade zone: Industry minister
Move aimed at boosting business with blocs that account for 60% of Africa’s trade.
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Biggest U.S. Trade Mission shows Egypt back in favor after rift
Executives from about 70 companies, including Apache Corp. and Coca-Cola Co., held talks with officials in Cairo.
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Egypt consumer inflation rises to 11.8 pct in October
Annual inflation reached its highest rate in nearly four years a year ago, then began falling until the fuel price hikes in July.
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Orascom Construction to obtain IPO in February: Nassef Sawiris
Company won international arbitration case against petroleum ministry but decided not to act upon it, the businessman says.
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Egypt, Greece, Cyprus pledge to boost energy cooperation
Cypriot President Nicos Anastasiades said in Cairo that the three countries discussed boosting cooperation in the field of energy.
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UAE's Aabar buys 5.1% stake in Palm Hills
Aabar, a subsidiary of the United Arab Emirates' sovereign wealth fund and run by the Abu Dhabi government, will have a representative on the board.
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Egypt is engine of growth in Middle East: WB
The World Bank supports the economic reform measures of the government and prepares to take part in the economic summit in February 2015.
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Egypt's budget deficit hit 12.8% in FY2013/14: Finance ministry
Plans for fiscal consolidation didn't materialise in last fiscal year, mostly due to overestimates of subsidy cuts.