News
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Egypt to pay energy companies via bond sale, Dimian says
Dimian said the government will pay for part of the arrears with savings from a recent reduction in fuel subsidies.
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Explosion in gas pipeline in Egypt; no casualties
The explosion is 25th in the last three years in a series of blasts that have hit pipelines in Sinai.
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Egypt's GB Auto second-quarter profit more than doubles
Sales of commercial vehicles and construction equipment more than doubled in comparison with the same period last year.
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Egypt to float shares in Suez Canal project
Five-hundred million shares in the project will be available to investors at a rate of $14 a share for Egyptians and $100 per share for foreigners.
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UAE and Egypt lead the number of private equity investments in 2013
The UAE and Egypt led the number of investments for the Mena region accounting for 20 per cent followed by Lebanon (18 per cent).
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Mubarak-era tycoon Ahmed Ezz paid all required bails: Lawyer
Farid al-Deeb said Ezz paid a bail of 100 million Egyptian pounds on Monday and that he will be released when all procedures are completed.
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Mashreq to build first refueling station on Suez Canal Axis
With an investment of $500 million, the station is expected to be finished within three years.
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Kerry to Mehleb: We are keen on supporting Egypt
Mehleb also presented the government's plans for economic reform and services, including the construction of a 3,000-kilometer road network.
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Dana Gas says to recover overdue Egypt payments by 2018
The company is putting in place a new arrangement with the government that will permit it to invest in new Egyptian wells.
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Egypt to hold international development conference by 2015
Mehleb said Egypt would organise a conference for all its development “partners” by the end of the year or the beginning of 2015.
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Egypt's car sales up 56% despite lifting of subsidies
The sales of passenger cars segment in June witnessed a 53% increase compared to June 2013, whilst truck sales surged 73%.
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Egypt's economy gradually recovering after its 'Second Revolt'
Egypt's economy is gradually recovering following last summer's "second revolution", though a fresh outbreak of political unrest remains a risk.
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Egypt's exports to US drop 37.6% while imports rise 7.6%
Most of Egypt's exports to the US are ready made clothes and furniture, while top imports include tobacco and electronics.
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Egyptian government presents trade, technology projects to India
Government conducts broad international talks to revive confidence in Egyptian economy threatened by political turmoil.
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Vodafone Egypt chooses Ericsson to enhance network quality in Greater Cairo
Ericsson has signed a three-year managed services agreement with Vodafone Egypt, to deliver network field maintenance services.
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Egypt's Arab Contractors suspends $4 mn in Libyan projects, recalls workers
Outbreak of violence in neighbouring Libya causes leading construction firm to pull out nearly 40 employees and halt projects.
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Egypt plans more than $100m "major" wheat investment plans
The plan is to build a factory at EGP 100m, to be used to store wheat and grains, hence helping local demand and allowing export.
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Egypt ceases supplying gas to Jordan indefinitely: EGAS
The official noted that the contracted amounts of gas exports to Jordan are 255m cubic metres of gas daily.
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Egypt business activity shrinks in July after subsidy cuts -PMI
The government is walking a fine line in an attempt to boost revenues and cut its deficit while luring investors.
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Egypt government to raise sugar production
Government plans to raise its sugar production to two million tonnes from 1.1 million tonnes to meet demand for subsidised sugar.