News
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Egypt to increase agricultural exports to Russia
The parties also agreed on the introduction of a simplified mode of access of Egyptian products to the Russian market.
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Jumia Egypt announces success of Sony Online Store
The Shop in Shop concept was launched on Jumia in May, in response to the increase in consumer preference for shopping online.
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Indian company wins $14 million contract in Egypt
An Indian company today won a major $14 million contract for a World Bank-funded project in Egypt's power sector.
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No limit on new Suez Canal certificates: Egypt's finance minister
Egyptian investors can buy unlimited shares of investment certificates in the new Suez Canal mega project, to be issued next Sunday.
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Rumours of IMF negotiations untrue: Finance Minister
Negotiations between the IMF and Egypt were suspended indefinitely following the election of former president Mohamed Morsi in June 2013.
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Egypt embarks on long-term education reform programme
Preliminary stage of education reform programme will last from 2014 to 2017, with further reforms until 2030.
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Egypt tourism revenue drops by 24.7 pct
Egypt's tourism revenue dropped by 24.7 percent to around $3 billion in the first half of 2014, the Ministry of Tourism said in a statement.
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IDSC: Egypt tops COMESA’s 2012 exporters
Egypt's COMESA exports in 2012 rose 26.8% against 16% in 2011, the Cabinet's Information and Decision Support Center revealed in a report.
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Egypt's unemployment slows in Q2/2014 to 13.3 pct
Unemployment in Egypt drops slightly, but Egypt remains far from the growth rates necessary to match job creation to its growing labour force.
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Egypt’s Talaat Moustafa posts 12% increase in net profit in first half 2014
Revenues were up to 2.663 billion pounds compared to 2.418 in the first half of 2014.
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Egypt's Qalaa Holdings Q1 net loss widens by 7 pct
Net losses for the first quarter dipped seven percent year on year to reach 231.9 million pounds due to increased charges.
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Moral economics and development in Egypt
Well-managed growth can help create positive social values, writes Sayed Moawad.
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PM: Egyptian banks to issue 5-year investment vehicles for Suez Canal
The new Suez Canal project will be funded by debt certificates to be issued “in about a week”.
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EU to pressure Egypt and Turkey on Russia food embargo
Officials in Brussels say countries such as Brazil and Egypt will undermine international diplomatic efforts on Ukraine.
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Centamin optimistic on Egypt as El-Sisi backs investment
Centamin shares fell by more than 50 percent in both 2011 and 2012 as the Arab Spring led to revolution in Egypt.
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Egypt's SODIC hits 5-year high, doubles profits in H1/2014
Stellar first half of 2014 for Egyptian real estate developer, as share prices reach LE44 and net profits are doubled from same period last year.
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Austerity measures won't save Egyptian economy
Without any reform, the total deficit would reach 243 billion EGPs ($34 billion), or around 12% of gross domestic product (GDP).
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Russian wheat supply to cover Egypt needs until July 2015
Russia has assured Egypt that it has a “safe” wheat allocation from the Russian wheat production which is estimated at 51.5m tons in FY 2013/2014.
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New bus service links Cairo with satellite cities
Bus service linking Cairo with its satellite cities will begin by the end of August, says tourism minister.
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Russia vows to boost arms sales to Egypt
“We are actively developing our military and technological cooperation,” Putin told El-Sissi.