News
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Egypt ranks third regionally in number of malware detections in Q1 2014
Egypt had the highest level of local infection with 51.3%; online risks were moderate, Kaspersky Lab says.
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Egypt national elections offer hope: EFG co-head
The co-chief executive of EFG Hermes told CNBC that Egypt was undergoing political rejuvenation, meaning it had a lot to offer investors.
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Egypt to cut energy subsidies to spur growth: Interview with Finance Minister
Egypt has an "ambitious program to streamline energy subsidies coupled with tax reforms that helps broaden the tax base." - Finance Minister.
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Egyptian steel firm Ezz's profit climbs on stronger prices
Sales were up 8 percent at 21.3 billion pounds from the year before, due to stronger prices in the domestic market.
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Egypt obtains Russian gas at lower prices
Egypt’s opportunities for importing liquefied natural gas have increased as a result of US sanctions on Russia.
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Sabahi's campaign spent less than EGP 100,000
Abdel Fattah al-Sisi's campaign has spent 12 million Egyptian pounds until now, according to Tarek Nour, the campaign's coordinator.
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Kingdom, Egypt to be linked by electric grid
The electricity link between the two countries may be realized in the next three years after the start of the execution work.
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Egypt's Citadel Capital expects to sell Sphinx Glass stake for $112 mln
The investment company said it expected the proposed sale will generate post-tax cash proceeds of $73 million but declined to name the buyer.
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Tourist visits to Egypt drop 32% in March Y-O-Y
Latest figures show less tourists, shorter vacation periods and a drop in tourism revenues by over 40 percent.
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Egyptian exports down 11% in April
The ministry’s plan for the current year targets exports of EGP 175bn, or $25bn, given an exchange rate of one dollar to seven pounds.
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Egypt to charge tourists "development tax"
The $7 fee would be enforced for six months in the airports of Alexandria, South Sinai, Hurghada, Luxor and Aswan.
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IMF: Egypt’s economy strong, well-established, will flourish again
IMF's Abdel-Shakour Shalaan said he expected that the Egyptian economy will be recovered after the upcoming presidential elections.
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Egypt reaches deal with Norway's Hoegh on LNG import terminal
The contract for the Floating Storage and Regasification Unit (FSRU) will last for five years, the ministry said in a statement.
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P&G, PWC and IBM encourage corporate social responsibility with Sharek.org
Sharek.org is the first online platform to connect volunteers with organisations in Egypt and the Arab world.
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Egypt's Arabian Cement announces share price for IPO
The offer will make it the first major company to enter the stock exchange since the overthrow of Hosni Mubarak in 2011.
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BP aims to invest $1.5 billion in Egypt in 2014: MENA
Egypt is seeking to raise $2.5 billion to cover natural gas imports until the end of December.
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Egypt to get more than $3 bln in free fuel from Saudi by August: official
"Saudi petroleum aid to Egypt will be more than $3 billion from April until the end of August," el-Molla said.
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UAE, Saudi Arabia provide Egypt with $2.6bn in grants in Q1 2014
Egypt has made various offers to the UAE, Saudi Arabia and Kuwait regarding a number of projects.
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Egypt approves $426m Maadi Technology Park
The project will cover a total surface area of about 39,000m2 and involve Egyptian and foreign investors.
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Fawry set to expand to the UAE and Gulf Region
The announcement came ahead of the company's participation in the Cards and Payment Middle East, the region's largest smart card and payments show.