News
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Egypt takes third place in Microsoft's Imagine Cup
While Africa had far less representation than last year, at least one team managed to make home a prize.
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Egypt to dig new canal alongside Suez Canal: authority chairman
Egypt said on Tuesday it would build a new 72-km (45-mile) canal alongside the Suez Canal, the chairman of the Suez Canal Authority said.
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Egyptian central bank issues extra bonds on strong demand
The bank had accepted only a fraction of the bids on the maturities at their last auction in July.
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Trade exchange with Libya falls in wake of violence
Egyptian exporters exclude Libyan market from their plans and fear failure from Libyan side to fulfil contracts.
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China supports Egypt to promote stability, economic growth: FM
The Chinese foreign minister stated that Egypt would soon complete its political transition and begin its path of development towards prosperity.
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Falling apart: Egyptian Libyan trade
Exporters have expressed fears that the violence which escalated recently in Libya will have negative effects on the export market.
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Egypt seeking a $1.5 bln loan to repay oil debts -Oil Minister
Egypt wants "a loan from local and international banks for at least $1.5 billion of debt to foreign companies operating in Egypt."
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Egypt's Air Sinai resumes flights to Tel Aviv
Subsidiary of Egypt's flagship carrier is now flying to Ben Gurion International Airport after a 10-day suspension due to Gaza war.
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It's never over: Egyptian government preparing new stimulus package
The new package aims to revitalise and expand the activities of the private sector through removing the “bottlenecks” facing economic key sectors.
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Egypt awards Suez hub project to consortium that includes army: sources
To attract more ships and generate more income, the country has had plans to develop 76,000 square kilometres around the canal for years.
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Etisalat’s Egypt unit said to plan $500 million Cairo IPO
Etisalat Misr, 66 percent owned by the Abu Dhabi company known as Etisalat, has asked banks for proposals to manage the share sale.
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Saudi-Egypt air traffic grows 22% in July
Air traffic grew because of the influx of thousands of Egyptians to Makkah to perform Umrah.
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Egypt criticises US remarks over aid
Egypt today criticised a comment by a State Department spokeswoman that Egypt used US aid "against their own people".
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NBE and Egyptian Gulf Bank to provide EGP 500m and 120m to Mobinil
NBE, the Gulf bank and several others banks are involved in providing loans to Mobinil that will total EGP 1bn, the sources said.
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New Egypt expansive road network to be completed by end of FY: Minister
Egyptian minister of transport says Egypt plans to build up to 3,200km of new roads, costing LE36 billion.
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TAQA Arabia expands energy supply to Egypt's underserved market
“TAQA Oil Marketing looks forward to rolling out our new expansion plan in Egypt’s underserved markets,” said TAQA Arabia CEO, Pakinam Kafafi.
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UAE offers EGP150 million for school building in Egypt
Labib added that the budget allocated for building new 100 schools became 550 million Egyptian pounds after UAE's offer.
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India, Egypt discuss ways to promote economic ties
The India-Egyptian bilateral trade and investment amount to USD 5 billion compared with USD 3 billion in 2010.
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Egypt to buy 102,000 tons of diesel fuel in September
The General Authority for Supply Commodities plans to purchase 102,000 tons of diesel fuel to be delivered in September.
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Egypt stocks hit highest level in 6 years in first trading after Eid
The Market's benchmark EGX30 rose 1 percent, recording 8,826 points in a session that witnessed large proportion of non-Arab investors.