News
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Egypt vows to lure investments
Mahlab made a statement on Thursday while inspecting the construction site of the “Mall of Egypt” project in Giza’s Sixth of October City.
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Should you live in Egypt as a foreigner?
Egypt, which had ranked 34th out of 37 in the 2013 study, was found to have the best cost of education available to children of foreigners.
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Analysts: Sisi reforms key to Egypt’s economic upswing
Analysts said economic improvements were due to reforms introduced since the election of Sisi.
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Sawiris assumes CEO role of OTMT
In light of changes, the Board of Directors discussed the structure of the Board and approved the appointment of Naguib Sawiris as CEO.
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BG seeks revival of Egypt LNG business with BP deal
BG is in advanced talks with Israel to import gas supplies into Egypt and this week began similar discussions with Cyprus aimed at restoring output.
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Egypt regulator pins bond market hopes on central bank
Encouraging trade in bonds is a key part of the Egyptian Financial Supervisory Authority's (EFSA) plan to repair the capital markets.
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BG Egypt in talks to import gas from Cyprus
BG Egypt, a subsidiary of global energy company BG held talks on Tuesday to import natural gas from Cyprus, the company said on Wednesday.
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Egypt's Beltone Financial to spend $42 million expanding next year
Beltone considers new investments as the Egyptian economy stabilizes.
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Business community rejects independent trade unions
Egyptian Federation for Independent Trade Unions member says business community should not decide for the workers on representation.
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Egypt tourism minister confident of recovery, despite challenges
Hisham Zaazou is mounting public relations campaigns, inviting foreign officials to visit and assess Egypt's stability for themselves.
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Egypt aims to get infrastructure improvements back on track
Zazou said he was confident that Egypt’s tourism industry is turning around and that money is flowing back in.
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Egypt targets budget deficit of 8% by 5 years: Finance minister
Restructuring of energy subsidies will push down budget deficit, while tax and subsidy reforms will help lower public debt, says minister.
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Egypt turns to illegal buildings to tackle housing crisis
The cabinet approved the project designed to help Egyptians who built or bought bare apartments in the unplanned buildings.
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Businessmen voice optimism for uniform investment law
Investment minister faces opposition to ‘one-stop shop’ system if put into effect.
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Egypt banks slowing government bond trade plan, regulator says
Plans to allow the trading of government debt on Egypt’s bourse have stalled amid the lack of “urgency” by banks that hold most of the securities.
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Egypt will fix the economy but don't expect miracles: PM
Ibrahim Mehleb faces the monumental task of repairing finances battered by political upheaval, street protests and Islamist militant violence.
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Egyptian Exchange says to approve 10 listings by end-year
The Egyptian Exchange expects to have approved the listings of 10 companies by the end of this year as confidence in the local economy grows.
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52.5% growth in railway passengers in August: IDSC
According to the report, of which the Daily News Egypt was able to obtain a copy, only 10.1 million passengers used railways during August 2014.
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Moody’s raises Egypt’s outlook to stable on political stability
The upgrade to the credit outlook may help restore confidence in an economy hammered by political turmoil that has weighed on investment and tourism.
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Egypt planning minister calls for legal review, "economic revolution"
Egypt must overhaul an economy which has been dominated by the state for decades and show investors it is committed to safeguarding their money.