News
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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.
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SODIC to invest up to $2.5bn in Egypt real estate
Earlier this year SODIC agreed to pay EGP 900m to the Egyptian government over seven years after reevaluating the East town project in Cairo.
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Deutsche Bank plans to allocate $35m in grants to Egypt: Investment Minister
German bank studying new and renewable energy and road projects, as well as Suez Canal Axis Development project.
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Online Shopping made easier in Egypt
Online shopping website Edfa3ly.com (Arabic for ‘to pay’) hopes to drive a cultural change towards online shopping in Egypt.
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Egypt signs with six international firms to dredge new Suez Canal
Egypt hopes the new canal will more than double revenues from the waterway by 2023 to $13.5 billion from $5 billion.
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Price rises to kill fertiliser black market: Agriculture Minister
Farmers syndicate questions government’s ability to cut black market and says price rises burdens farmers.
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Egypt's broadband market worth LE310 bn by 2030
The Egyptian telecommunications industry has seen rapid growth over the past 10 years, driven by the uptake of mobiles.
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Egypt's natural gas exports down 86% y-o-y in August
Natural gas exports continue to drop as more production is used to meet Egypt's rising electricity demands.
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Tamar partners negotiating sale of natural gas to Egyptians
Gas will be delivered via pipeline originally built to transport Egyptian gas to Israel.
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Egypt 2014 economic reforms obtain IMF-World Bank commendation
Egypt 2014 economic reforms received much praise at the IMF/World Bank annual meetings that ended earlier this week in Washington.
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2014 sees significant investment, acquisitions in mobile phone sector
Investments injected into the telecommunications and IT sector will be directed toward mobile applications during the coming phase.