News
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Egypt state budget projects 2014/15 deficit at 12 pct, growth 3.2 pct
The draft also forecast government spending at 807 billion Egyptian pounds ($113.1 billion), 65 billion more than the current year.
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Egypt's election: what's at stake?
Egyptians are desperately looking to restore security and revive the economy - but what is really at stake in the coming two days?
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Over 50 Egyptian companies seek to enter Jordanian market
Egyptian companies are looking for opportunities to enter the Jordanian market as Syrian crisis cut trade between the latter two.
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Ministry of Tourism inks deal with VISA to revive tourism
The deal had been on the table for two years and will aim to increase foreign and internal tourism through promotion campaigns on social media.
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Orascom sheds assets in Egypt as it restructures business
Last year it said it would restructure its business to focus on its main operations in Egypt, Montenegro and Oman.
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Barclays Egypt achieves net profit worth $131.8 million in Q1
The bank had achieved a Q1/2013 net profit of 115.091 million Egyptian pounds (US$16.1 million).
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Egypt has limited scope for boosting purchases of local wheat
Egypt, the world’s largest wheat importer, is striving to boost self-sufficiency and reduce its 32 billion EGP ($4.6 billion) food import bill.
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National Bank of Egypt adopts strategy to face market competition
ATMs reached 1,750 by the end of April, as the bank is aiming to increase them by 500 new ones and exchange 400 old ones by the end of 2015.
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UAE to continue political, economic support to Egypt after poll
The UAE has welcomed Sisi's rise and the army's crackdown on the Muslim Brotherhood.
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Egypt faces a tough economic future
One of the toughest challenges facing Egypt’s next president will be the troubling state of the country’s economy.
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Energy in Egypt: Fuelling unhappiness
Energy in Egypt: Heavy subsidies are undermining foreign investment in the the country's gas industry.
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Egypt’s richest man said weighing IPO of construction business
Sawiris sent requests for proposals to local and international banks for the potential sale.
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Shopping not sphinxes: Egypt's new campaign to win back tourists
To say that Elhamy Elzayat misses the glory days when huge numbers of visitors flocked to Egypt's ancient sites is probably an understatement.
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Egypt suffers from water poverty: CAPMAS
Average of 663 cubic metres of water allocated per person; amount expected to drop below 582 cubic metres by 2025.
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Egypt’s break with Qatar could contribute to a scorching summer
Sissi’s new Persian Gulf benefactors don’t have the gas exports that Egypt needs to keep the lights on and potential instability at bay.
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The TukTuk is back: Egypt lifts ban on import
Egypt lifted a three-month ban on import of two wheelers and three wheelers, after more than three months.
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Egyptian Prime Minister praises UAE for support
Sweeping economic and social reform will end Egypt’s reliance on aid from the Arabian Gulf states, its prime minister pledged on Tuesday.
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Sisi's greatest task will be rebuilding Egypt economy
Nearly 40 percent of the population -- some 34 million people -- live close to the poverty line and expectations from Sisi are high.
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Egypt seeks investments, not cash doles: Mehleb
Economic reforms are under way to help facilitate further investment into Egypt, according to Mehleb.
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Egyptian economic delegation heads to England to promote for investment
Finance Minister Hani Qadry investment opportunities as well as developments of Egyptian economy and expectations to the future.