News
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Tourism seeking stability, Marsa Alam supports Sisi
The ''United for Egypt'' convention is an Italian-Egyptian event to promote tourism in Egypt in an attempt to unite forces.
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Egypt's current account deficit contracts to $232.7m
In the period from January to March, the third quarter of Egypt’s fiscal year, the current account recorded a surplus of $523.1 million dollars.
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Egyptian billionaire Sawiris sets up investment firm
Sawiris' investment firm, Nile Holding Investments, has investors from the Arab Gulf, Europe and the United States.
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Higher Foreign Currency Reserves help Egypt keep emerging market tag
Index compiler MSCI is no longer considering removing the Arab country from its much coveted emerging markets list.
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Opinion: Why Saudi Arabia is meddling with Egypt
When it comes to Egypt, King Abdullah has already put his money where his mouth is, writes Nigel Wilson.
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GAFI to inaugurate three new branches in FY2014-15: official
The new branches will be in Upper Egypt’s governorate of Sohag,the Sixth of October City and Gamasa town in Lower Egypt’s governorate of Dakahlia.
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Palm Hills Developments names new co-CEO
The move follows US private equity firm Ripplewood’s acquisition of a 2.3% stake in PHD last month.
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Egyptian non-petroleum exports rise for first time in 2014: Industry ministry
Egyptian exports grow by 3% in May after continuous monthly decline since the beginning of 2014.
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CAPMAS: Monthly inflation rate fell by 0.9% compared to April 2014
The rate of change in annual inflation over the last month stood at 8.3 percent compared to May 2013.
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Egypt puts Sinai's Al-Arish port under military control
Egypt's interim president has transferred the assets of a port in north Sinai to the armed forces for security reasons before leaving office.
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Egypt wants to be 'global hub' for grain storage
Egypt's government is striving to boost self sufficiency and cut its 32 billion Egyptian pound ($4.48 billion) food import bill.
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Egypt to destroy illegal buildings along Nile to help farmers
The government will "not be complacent in the face of encroachment on the Nile River and its tributaries and streams", according to Mehleb.
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Government to apply temporary wealth tax on companies
The Egyptian government expands scope of exceptional tax on wealth to cover companies and corporations rather than just individuals.
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Egypt's Beltone decides 5-to-1 share split
Beltone's shares were up almost 10 percent at the close on Monday to trade at 30.11 Egyptian pounds ($4.21).
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Egypt's Sisi tasks PM with forming new cabinet
Sisi and Prime Minister Ibrahim Mehleb are expected to retain ministers in leading position such as the finance portfolio.
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How a deteriorating tourism sector is transforming Egypt's labor market
The ratio of workers to rooms has dropped from 7.9 workers for every room to a single worker for each room, Badran said.
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Arab Customs Union to be established by 2015: Arab League
“The establishment of the Arab Customs Union was waiting for a political decision to be implemented,” Tuwaijri said.
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Super-Max mulls units in Brazil, Egypt, S-E Asia
The world’s second largest maker of razor blades is planning to expand its global reach by setting up manufacturing facilities in Egypt among others.
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Investors welcome el-Sisi as Egypt's new president takes office
Former military leader Abdel Fattah el-Sisi took the oath of president Sunday and was greeted by a stock market rally of 4.7%.
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337 bln in new investments next FY 2014-15: Araby
Araby unveiled that the total amount of investments during the current FY upped to 95.4 billion EGP, including the two stimulus packages.