News
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Egypt's Min. calls for updating Arab sustainable development initiative
Egypt's Environment Minister Laila Eskandar highlighted the need to coordinate and unify Arab stances at the international events and organizations.
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Egypt regulator examines Beltone director's EFG trades - sources
Beltone has joined up with billionaire Naguib Sawiris to bid $257 million for a 20 percent stake in EFG Hermes.
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Banking sector supporting demand for corporate lending: NBE president
The banking sector believes in growing demand for corporate lending as well as credit rating improvement for the country, says Hisham Okasha.
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Egypt cabinet formation delayed as PM continues talks
The prime minister is still conducting talks for the ministries of investment, justice, culture and information.
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Egypt seizes Brotherhood-linked Seoudi and Zad
A committee formed in accordance with a court ruling decided to seize Zad and Seoudi, owned by Khairat al-Shater and Abdel Rahman Seoudi.
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Restored confidence in Egypt's economy to improve currency exchange rate: CBE
Deputy Governor of CBE says stimulating national economy, working on bank performance, and keeping pace with int'l developments are top priorities.
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Egypt to issue $600m in one-year dollar-denominated T-bills
In an emailed statement, the bank listed eligible subscribers as local banks and foreign financial institutions.
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Government borrows 6 bln EGP Sunday
MOF is set to borrow 65.2 billion EGP ($839.1 million) in treasury bills during June, amid ongoing efforts to fill a soaring budget deficit.
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EU, Egypt discuss fostering economic relations
The European Union adviser for economy and trade said that the transitional phase in Egypt did not affect economic relations with the EU.
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Egypt pushing ahead with Suez port expansion projects
Port Tawfik, situated in Suez and another terminal within his port authority, had issued a tender to develop a multi-purpose port.
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Non-cash transactions in Egypt up to 7%
Meetings are taking place with the Central Bank of Egypt (CBE) to develop a clear vision for offering various electronic services.
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Egypt's balance of payments sees $2.2 bln surplus in July-March 2013/14
Under the balance of payments, Egypt saw its current account deficit diminishing to a record $232.7 million, down from a significant $5.7 billion.
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Egypt's new media startups are multiplying - but is the trend sustainable?
A range of new digital media startups and incubators is tapping this growing interest in online content, emerging social media channels etc.
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Egypt banks donate 2% of their profits for economy
A fund was established at the Central Bank of Egypt to collect the sums and a senior committee from the FEB will run the fund.
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Egypt's e-payment firm enters Kenyan market
Majority owned by UK's private equity firm Actis Capital, Emerging Markets Payments is leveraging on the growing mobile money.
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Egypt receives $22 bn in expats' remittances in 2014: NBE
In 2012, Egypt was ranked 6th among developing countries in terms of remittances received from abroad.
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US in talks with Gulf countries to shore up Egypt's economy
Americans, through communication, can push Egyptians in the right direction, although they will not agree on everything.
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Egypt pushing ahead with Suez port expansion projects - official
Falah said Adabiya would add to grain storage facilities at other ports in Damietta, along Egypt's Mediterranean coast, and Safaga.
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Wheat market decline cuts prices at Egypt tender
Egypt's GASC grain authority at tender bought 180,000 tonnes of Romanian and Russian wheat, for an average of $262.15 a tonne including freight.
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Hatem Dowidar to lead Vodafone Egypt as chairman of the board
Hatem Dowidar has led Vodafone Egypt for a five-year period which has been the most difficult in the history of Egypt's telecommunications sector.