News
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Tahya Masr Fund to establish branches abroad, including US: PM
New fund will serve as a charitable foundation that receives donations from the Egyptian community in the United States, says PM’s media adviser.
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Trucks banned from Cairo's main streets during daytime hours
Cairo’s CTA will start street campaigns and use mobile microphones to alert truck drivers to the new decision.
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Egypt to hold price for local wheat steady -PM
The government purchased wheat for 420 Egyptian pounds ($58.74) per ardeb (150 kg) in the most recent harvest season which ended in June.
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US silently continues Apache shipments to Egypt
Although congress is undecided on whether an Apache sale to Egypt should go ahead, the US military is quietly continuing deliveries.
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Egypt Internet users reach 44.5 million in May
Monthly Internet users increased 5.2 percent in May 2014, bringing the total percentage of Internet users in Egypt to 52.35 percent.
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Egypt's Global Telecom loss balloons in second quarter
Foreign exchange losses of $109 million and a bad business performance in the Central African Republic and Burundi hit Global Telecom.
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Egypt's Suez Canal expansion plan raises some questions
The Suez Canal–one of the world’s vital trading routes–is set for the first major expansion in its 145-year history.
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Egypt has potential to grow, but sustainability depends on government: WB
Pace of growth in seven Middle Eastern countries remains “far below” the rates expected in the 2000s, the World Bank indicates.
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Egypt's consumer inflation jumps to 10.6% in July
Annual core inflation rose to 9.35 percent in July from 8.76 percent in June, the central bank said in a statement later on Sunday.
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Exports register $1.4bn in July, $13.34bn since beginning of 2014
Export targets of the Ministry of Planning conflict with those of Ministry of Industry and Foreign Trade.
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Egyptian-Nigerian business council for promoting intra trade
Nigeria has big investments in the Egyptian market in the fields of Power inverters and communication services.
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Madison PetroGas Ltd. updates operations in Egypt
One high risk exploration well and three Meseda development wells have been drilled to date.
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Barclays contributes EGP3mn to develop slum areas in Egypt
Sherif further stated that Barclays Egypt's board allocated more than EGP 6 million for Corporate Social Responsibility and donations.
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Egypt minister looks to China for technical education cooperation
Most of Egypt's technological and scientific equipment has been imported from China, the leading country in vocational and technical training.
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Dana Gas to recover overdue Egypt payments by 2018
The new arrangement in Egypt will result in increased production from Dana’s operations there.
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Mobile phones are next generation’s tool for electronic payment in Egypt: VISA
Using mobile phones to make payments requires an infrastructure that is not currently present in Egypt though.
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Egypt foreign reserves rise to $16.736b at end-July
Reserves rose last year when Gulf Arab states gave billions of dollars of aid after the army deposed elected Islamist President Mohammad Mursi.
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Finland lifts travel ban on Egypt's Sharm El-Sheikh
Finnish decision to allow travel to popular Red Sea resort comes after six other European countries lift similar bans.
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Egypt's Juhayna second-quarter profit falls
A 6-percent rise in sales was outpaced by a nearly 12-percent surge in the costs of goods sold, the company said on Wednesday.
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Egyptian workers leaving Libya increases unemployment in Egypt
Infighting among Libyan militias leads Egyptians to flee, increasing the 13% unemployment rate for Egypt’s 26 million workforce.