News
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Egypt to stop wheat imports until March
Egypt, the world's biggest wheat importer, will stop purchasing wheat until March 2015, the supplies minister said on Saturday.
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Egypt has paid back $500 mln to Qatar - central bank governor
The monarchy, a strong supporter of Mursi's Muslim Brotherhood, provided some $7.5 billion in loans and grants during Mursi's year in power.
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IMF Lagarde "very impressed" by Egypt's economic reforms
She denied any new loan programs to Egypt, but noted the organization is rapt with the country’s economic reforms.
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Egypt aims to produce 20% of power from renewables by 2020
Despite the enormous potential, it’s still a daunting prospect because of the level of investment required to expand in solar energy.
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Egypt's net international reserves up to $16.9 bn
Foreign reserves will be tested when Egypt returns large sums to Qatar given during presidential term of Mohamed Morsi.
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Egypt consumer inflation fell to 11.1 pct in September
Egypt's economy has been in turmoil since a popular uprising ousted autocrat Hosni Mubarak in 2011.
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CAPMAS: Egypt's housing market slowing sharply in 2012/2013
CAPMAS attributed the slow to economic conditions and political upheaval experienced by Egypt during this period.
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Poland lifts travel ban on Egypt's Red Sea resorts
The Polish embassy in Cairo advises its nationals to travel by plane if they visit Sinai.
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Questions arise over Egypt's proposed Nile shipping lane
Egypt’s serious efforts to implement a project to convert the Nile River into a shipping lane has run into several hurdles.
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Opinion: 8 lessons from Egypt in building a cleaner chemicals industry
The technology is there to reduce the environmental impact of Egypt’s chemical sector, but finance and capacity are still lacking.
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UAE’s Gulf Capital invests $25m in Egypt’s Amak Petroleum
The investment is expected to help Amak, a firm specialising in providing petroleum services, to fund its growth plans.
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Egypt will return $500 million to Qatar in October
Central bank governor says Egypt will pay deposit back at the request of Qatar.
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Egypt to sign trade deal with Kuwait in November
Trade and industry cooperation agreement to be signed by Egypt and Kuwait in November.
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Egypt business activity grows at near-record pace in September: PMI
The government is trying to strike a balance between cutting its deficit whilst reviving economic growth.
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Egypt repays $350 million debt to British Gas
Egypt's debts to foreign energy firms operating in the country increased after the political turmoil which followed the 2011 revolution.
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Egypt participates in African trade meetings
Egypt to talk to Common Market for Eastern & Southern Africa (COMESA), Southern African Development Community (SADC), & East African Community (EAC).
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IMF cozies up to Egypt amid economic reform
The IMF is already talking with Egyptian officials about its economic outlook and value-added tax policy, according to Lagarde.
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Egypt cuts accumulated oil debt to $4.9bn
The loan was secured from National Bank of Egypt (NBE), Commercial International Bank (CIB), the Arab African Bank and Qatar National Bank (QNB).
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IMF to participate in Egypt's economic summit: Lagarde
IMF's managing director calls Egypt's reforms 'encouraging', ahead of summit to attract international investors to range of projects.
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Reining in Egypt’s Military aid
Egyptian leaders have come to see the annual $1.3 billion American military aid package as an entitlement they are due in perpetuity.