News
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Egypt to hold donor conference in February
The Egyptian Economic Summit, to take place in Sharm el-Sheikh, hopes to attract foreign companies, donors and international organisations.
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Jumia expects E-commerce boom in Egypt
In a recent study conducted by Jumia, Egypt was found to be one of the fastest growing countries in the digital space in the region.
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Ministry of Investment suggests allowing HOTAC to offer bonds
Government is working to repair public sector companies’ financial structures that suffer significant losses and weak production.
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Egypt's Illiteracy rates increase in 2013: CAPMAS report
Egypt's illiteracy rates reached 25.9% in 2013, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS)
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Bank Audi sees long-term payoff in Syria, Egypt
Bank Audi was one of the first Lebanese banks to move to the Egyptian and Syrian markets before the Arab revolutions broke out.
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Maximum wage set for Supreme Constitutional Court staff
The decision applies to the court's head, his deputies, the court's commissioners and employees at its administrative body.
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Government keen on supporting industry complexes, SMEs: Trade minister
The minister said that his ministry has an ambitious plan to develop all existing industry complexes and build new ones.
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Renewable energy is Egypt's raft out of crisis: Experts
The solutions are known, but the will to implement them is absent, say energy experts discussing Egypt's energy crisis.
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Foreign investment in Egypt doubles to over $6bn
Egypt is aiming for foreign direct investment of $10 billion in 2014/15, as it seeks to attract investors by cutting bureaucracy.
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INFI eyes 25% rise in sales by year-end
The company’s revenues from overseas markets account for 8 to 10% of the total revenues and are planned to reach 40% in the coming two years.
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Egypt takes over presidency of General Arab Insurance Federation
Egypt took over the presidency of the General Arab Insurance Federation from Morocco during the 30th conference hosted by Egypt in Sharm El-Sheikh.
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Slow start to Egypt’s home-grown budget solution
Confidence is returning to the Egyptian economy, but the challenge of stagflation persists.
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Egypt needs $12bn in 5 years for electricity crisis: Sisi
The president added that these funds will be invested to enable power stations to bear the increasing demands.
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4 arrested for power station ‘sabotage’ plot
Men reportedly confessed to receiving instructions from the Brotherhood, says state media.
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Revenues of Suez Canal Certificates hit EGP 6 bln
The revenues of selling the certificates on the first day hit some EGP 6 billion.
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Egypt power outage costs Suez LE100 mn in losses
Traffic along the international waterway and industrial activity in nearby Red Sea towns were cut off Thursday from massive blackout.
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Egypt Kuwait Holding to build U.S Fertilizer Plant next year
Egypt Kuwait Holding Co., a Cairo-based private equity firm, plans to start building a $2.3 billion fertilizer plant in Idaho early next year.
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Egypt gives Uganda sh3.8b for water wells
The Egyptian Government has committed $1.5m (Shs3.8b) as technical support toward flood mitigation in Kasese district.
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Positive outlook for insurance market, minister says
Mr. Salman said premium volume for fiscal year 2012-13 increased 16% to 12.8 billion Egyptian pounds ($1.8 billion) and nonlife premiums grew 15%.
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Power outages hit many parts of Egypt
The Ministry of Electricity said Thursday's blackout was due to "a sudden technical malfunction in a circuit west of Cairo".