News
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Egypt to raise electricity prices before election - minister
Al-Arabi's sense of urgency suggested that for the first time in years, Egypt was on the same page with the International Monetary Fund.
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Deloitte Middle East ranks Egypt 84th for social progress
The 2014 Social Progress Index ranks 132 countries based on their social and environmental performance.
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Jordan, Egypt, Iraq discuss railway link project
Jordan PM stressed the importance of the railway project in linking the countries of the Levant with North Africa.
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Egypt's real estate prices expected to increase by 15% in 2014
High demand on property units is partly attributed to climb, says Executive Chairman of Coldwell Banker New Homes.
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Egypt to introduce smart card for subsidised bread by July
Profiteers have exploited the system and many feed bread to livestock because it is cheaper than animal feed.
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Egypt encourages eco-friendly industries
In reply to environmental NGOs, an official said factories use modern filters, in order to minimize risks associated with emissions.
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Egypt’s core inflation hits 9.9% in March
Egypt’s annual urban consumer inflation rate stood at 9.8% in March, unchanged from February.
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Preventing summer blackouts in Egypt is "impossible" -minister
Power cuts have come early this year, ahead of peak electricity use in the summer when many households crank up their air-conditioning units.
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Egypt's military economy - money is power, power is money
Egypt's military doesn't only control the political levers of power, but also the economic ones. And its involvement is getting even deeper.
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Dubai's biggest bank expands with Egyptian HQ
Dubai's biggest bank Emirates NBD has launched a new head office in Egypt, part of its international expansion plans.
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Egypt champions African cause at IMF-World Bank spring meetings
Additional African seat at both G20 and IMF Board of Governors among Egyptian finance minister's demands at sideline meeting of C10.
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Egypt’s central bank bans dealings with Sudanese banks: report
The CBoE decided to ban banking transactions with several Arab and African countries, including Qatar, Libya, Syria and Sudan.
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Egypt to lease farmland to Arab investment firm
The Egyptian minister declined to say whether the land would be used for wheat or other crops or to disclose its location.
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Egypt pound slightly up at central bank dollar sale, on black market
Banks sold the dollar for as much as 6.9751 pounds on Thursday, the same rate as on Wednesday when it hit its weakest rate since September.
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Emaar Misr considering sukuk, other finance options-senior source
"We have considered sukuk and we would like to consider sukuk further," according to a senior company official.
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Tourism revenues slide 66% in first half of FY 2013/2014
Ministry of Finance says the tourism sector brought in $1.9bn in six months.
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IMF warns countries over threat of ‘low-flation’
“Most countries continued to postpone consolidation and some saw their fiscal deficits deteriorate,” the fund said, listing Egypt, and Russia.
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Turkish exports to Egypt down in this years's Q1
In the first quarter of 2014, goods exported to Egypt amounted to US$769 million, a 17 percent decrease on a year-on-year basis.
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Is Egypt's Sinai stable enough for a gas future?
The Sinai Peninsula is home to a series of natural gas pipelines that are expected to play a part in new natural gas import agreements with Israel.
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Kuwait boosts oil and diesel supplies to Egypt
Kuwait Petroleum Corporation will provide Egypt with 85,000 barrels of crude oil per day.