News
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Saudi King invites countries to attend donor conference for Egypt
The monarch said any country that did not contribute to Egypt's future despite having the ability to do so would "have no future place among us".
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ICD supports more investment in Egypt
Cooperation between Saudi Arabia and Egypt is often facilitated by the Saudi Ministry of Trade and Industry and the Egyptian Ministry of Industry.
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Beltone, Sawiris seek stake in Egypt's EFG Hermes - sources
The group would offer 16 Egyptian pounds (USD 2.24) per share for the stake, with Beltone itself taking 1 % of EFG Hermes.
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Egypt's energy crunch is next big test for Sisi
Key to the solution is obtaining sufficient fuel supplies for Egypt’s power plants.
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Egypt's new Investment law misses the mark
Egypt new investment law aims to boost investment. But without tackling the root causes that impeded it, the law will not meet its objectives.
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EGP 45.5bn growth in deposits during 1Q 2014: CBE
Total government deposits at the end of March were EGP 169.412bn, decreasing EGP 1.29bn from December 2013, when deposits were EGP 170.702bn.
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Egypt internet down after cable fire: official
Banks have said that the internet cut has affected their workflow, cutting communications with other banks.
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Sisi won 96.1% of vote in Egypt presidential election, say officials
Electoral commission says 47.5% of Egypt's 53 million eligible voters participated in election.
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Egypt's licensed vehicles rise to 7 million in 2013: CAPMAS
Nearly 10 percent rise in vehicles nationwide last year, with passenger cars ahead in terms of number.
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IMF defends Egypt planned Capital Gains Tax hammering stocks
The proposed law calls for a 10 percent annual tax on net realized portfolio profits and cash dividends.
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Egypt business activity shrinks in May - PMI
The government is walking a fine line in an attempt to boost revenues and cut a high deficit at the same time as luring investors into the country.
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Informal system is a "structural defect" of Egypt's economy: Al-Diwani
Prohibitive laws and procedures push Egyptians to work in the informal sector, says executive director of Center for Economic Studies.
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Egypt worst for pay in Middle East, say hoteliers
Respondents in the 2014 Hotelier Middle East Salary Survey named Egypt as the country with the worst pay levels than anywhere else in the region.
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Egypt's police seek ability to monitor social media for signs of dissent
IT companies asked to provide system which scans Facebook and Twitter for profanity, insults and incitements to protest.
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Egyptian court upholds Mobinil antitrust fine in landmark ruling
Ruling upholds previous decision to charge mobile operator LE100,000 for failing to cooperate with antitrust watchdog.
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Tourism development revenues exceed 80 percent of target
The Tourism Development Authority is aiming to generate EGP 430m in revenue by the end of the current fiscal year.
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Egypt planning to store wheat for Arab countries: Supply minister
Savings to be achieved from the new bread subsidy system in some governorates are estimated to amount to 30% of total subsidies provided.
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Egypt stocks hit one-month low on new tax scare
As the reality of a new capital gains tax reverberated through Egypt's market, shares dropped across the board.
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UK Secretary of Business to visit Egypt in October
The UK Secretary of Business is expected to visit Egypt in October accompanied by a delegation of investors and business officials.
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Getting elected Egypt's president is nothing compared to fixing its economy
Government spending in subsidies has significantly cut into Egypt’s budget in recent years, with petroleum subsidies getting the bulk of the blame.