News
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Egypt can get electricity from Ethiopia with dam completion: Ethiopian minister
The Renaissance Dam has been a source of concern for the Egyptian government since images of the project's construction stirred public anxiety.
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Capital Citadel to launch energy company in Egypt
The new energy project comes in the framework of Citadel Capital’s strategy to intensify its investments in five vital sectors.
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Infrastructure Business Development Mission to Egypt December
The mission to Egypt, Morocco and Jordan is led by the United States Department of Commerce.
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Beltone Financial granted Egypt's first ETF licence
The infrastructure and the regulations relating to the index funds are ready for work and within six weeks we can see trading of index funds papers.
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Qatar’s Al Jazeera files $150m damages claim with Egypt
The company filed a compensation claim on Monday for what it said was damage to its media business inflicted by Cairo's military-backed rulers.
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Sisi meets with WEF director in build-up to presidency bid
Egypt's former army cheif El-Sisi meets Monday with head of the World Economic Forum (WEF) to tackle Egypt's floundering economy.
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Egypt Shariah Loans rise on record sugar deal: Islamic Finance
Al Nouran Sugarsigned a 1.5 billion Egyptian-pound ($215 million) loan to build a factory.
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Egypt sees deficit at 14-14.5 percent of GDP next fiscal year
The budget deficit in the new budget is expected to stand at 340-350 billion Egyptian pounds, which is around 14 to 14.5 pct of GDP.
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Egypt's govt to raise octane prices for first time in 8 years
No date set for price hikes, however, which come after officials determined a LE100 billion hole in budget's energy subsidies.
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French wheat needs to crack Egypt's private sector-lobby
The private sector could have more weight in Egyptian imports in the coming years as the country tries to reform its costly subsidized bread program.
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Egypt's mining exports to Canada hits EGP659m in Q1
Despite the fall, Canada is still capturing the lion's share of Egyptian mining products.
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Egypt's Citadel sells stake in Sudanese Egyptian Bank
The move is part of a programme to shed non-core assets and focus on energy, transport, agrifoods, mining and cement.
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Ministry of Housing invests in solar power to counterbalance electricity shortages
The government “will not be able to prevent electrical power cuts,” but promises to reduce energy consumption.
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Vodafone Egypt seeks CBE's nod to launch its 'Gameeya' product
Housing and Development Bank (HDB) contracted with Vodafone Egypt for providing money transfer services.
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Egypt loses 11 positions in Global IT Report, falls to 91th place
There isa wide gap between GCC and North African countries in terms of using information and communication technologies to achieve economic benefits.
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Egypt's Pioneers Holding plans capital increase to help finance Rooya acquisition
The deal will be financed in cash and through a capital increase in Pioneers Holding shares subject to valuation.
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Egypt's tourism industry hoping for post-poll relief
The number of tourists visiting Egypt in the first two months of 2014 dropped by 28 percent to 1.3 million.
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Egypt expects record purchase of domestic wheat in 2014
Government contracts with farmers working on 893,000 feddans boosts expected local procurement to an all-time high of 4.25 million tons of wheat.
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Centamin says new Egypt law could see claim against it dismissed
The company in 2012 launched an appeal against a court ruling questioning its right to operate Sukari, its only producing mine.
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Ethiopia thwarts Egypt by paying for Nile dam itself
By spurning an offer from Cairo for help financing the project, Addis Ababa has ensured it controls the construction.