News
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Etisalat Egypt selects Ericsson to boost CE in Egypt
As part of the MoU, Ericsson will monitor and optimise Etisalat’s network, using Ericsson’s heterogeneous network solutions.
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WB: U.S. $500 mln loan to connect 1.5 mln Households to Natural Gas
The Project supports the Egyptian government's program to replace household consumption of Liquefied Petroleum Gas with grid-connected natural gas.
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Suez Canal earns $2.57 billion in 1/H 2014
Revenues up 5.5 percent in the first half of 2014 compared to the same period last year.
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Egypt government mulls securing EGP18bn for Metro Line 3's Phase IV
Egypt's government is studying to contribute EGP 18 billion to implement the fourth phase of Cairo Metro Third Line project.
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Sisi's bold start on economic reforms buys Egypt some time
With deeper reforms needed, rhetoric and ad hoc palliatives alone may not be enough to contain discontent in Egypt.
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Egypt banks, stock exchange to close for Islamic holiday, 28-30 August
Starting Friday, 31 July, Egyptians will reapply daylight saving time with the end of Ramadan.
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Sanitary measures imposed on Egypt have negative impact on export: ERF
Despite the World Trade Organization’s (WTO) efforts to reduce trade-weighted average tariff, non-tariff measures (NTMs) have constantly increased.
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Etisalat Egypt seizes 8% from Etisalat UAE's total profits
Etisalat Egypt captured 8% Etisalat UAE's total profits within the second quarter of 2014.
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Egypt seeks to clinch LNG deal with Algeria, but will pay high price
The deal is intended to alleviate Egypt's energy crisis after talks for it to import more gas from Qatar broke down.
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Egyptian oil company added to EU trade sanctions list
Maadi-based oil trader Tri Oceans Trading has been added to a list of companies sanctioned by the European Union.
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EBRD pumps $20m into Egypt 'international Trade'
The European Bank for Reconstruction and Development (EBRD) has announced $20 million support towards boosting international trade in Egypt.
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Saudi Co. signs contract for housing project in 6th of October City
The company said that the problems of the Egyptian-Saudi Businessmen Association have been settled.
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Egypt proposes $540 million worth of petrochemical plants to the UAE
The projects included establishing a factory to produce bio-ethanol from molasses, the output of which would reach 100,000 tons of molasses annually.
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CIB reports record net profits of EGP 1.74 billion, up 31 per cent
Commercial International Bank (CIB) saw Q2 consolidated net income rise 39 per cent on year-ago levels to EGP 932 million .
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Egypt's steel industry files anti-dumping claim against imports
Steelmakers have submitted a request for the government to re-introduce anti-dumping duties on imports of rebar and wire rod.
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Egypt's government raises Egyptian cotton subsidy
The move is meant to encourage domestic industries to purchase Egyptian cotton as well as support local farmers.
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Is trust the only missing ingredient from Egypt's economic reform recipe?
"They're not going to hand in names or data, so you've got to start by establishing credibility," Peruvian economist Hernando de Soto said.
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Sisi reviews reclamation of 4 million Feddans
The meeting reviewed details of reclamation of the four million feddans as part of an agricultural development program.
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Egyptian cigarette maker Eastern posts 17 pct jump in profit
Egypt's leading cigarette maker Eastern Co posted a 17.1 percent increase in net profit in the year to June 30 on the back of stronger sales.
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Egypt to pay off $6 billion in arrears to foreign oil firms by 2017
Payment comes as government finalises investment deals to address an ongoing energy crisis.