News
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Egypt economic growth to remain slow: IMF
The economy of the Arab world's most populated country was forecast to grow by 2.7 percent this year after expanding by 2.1 percent in 2013.
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Egypt’s real estate market to recover in late 2014 and 2015: Jones Lang LaSalle
The international firm attributed the recovery to positive economic moves in Q1 2014.
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Egypt's gas production and exports drop significantly
Natural gas production was down 10 percent in January, dropping exports revenues by 60 percent, according to the IDSC.
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IBT: Suez Canal a 'coveted trophy' for the Egyptian army
The IBT underlined the example of the Suez Canal development project as the clearest sign of the military's desire to control the economy.
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Egypt's Suez Canal revenues rise 6.4% Y-o-Y in February
Revenues are down 7.9 percent compared to the previous month, as are the number of ships passing through the canal.
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ADIB Egypt registers first positive net income since 2007
Net income improves by EGP 958m between 2012 and 2013, marking the 1st year of positive net income since the Emirati consortium acquisition in 2007.
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Egypt says has resolved dispute with developer Sodic
After the firm agreed to pay 900 million Egyptian pounds ($129 million) in installments over about seven years: investment minister.
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Egypt's tough energy question
Will the fate of new political developments in Egypt be determined by energy?
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Egypt to licence tuk-tuk driving by presidential decree
Decision allows existing motorbikes and tuk-tuks to stay on the road on the condition that drivers obtain a licence.
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Egypt Brotherhood verdict bad for business
Private investors have been slower to return – as have the tourists.
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To understand why the NASDAQ is tanking, just look at Egypt
Is there an intrinsic connection between biotech stocks and the Egyptian market?
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EGX sees greatest weekly decline since June 30
The benchmark index EGX30 dropped 6.67 percent to end the week at 7,701 points, registering the greatest weekly decline since mid-June.
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EU, Egypt review ongoing cooperation, future priorities
Fule and Fahmy reviewed the state of on-going cooperation between the European Commission and Egypt.
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Egypt to receive $1 bn grant from Kuwait: Ambassador
More economic aid from Kuwait, which has already given Egypt over $3 billion in bank deposits and oil shipments.
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Egypt pound at six-month low, weakens at c.bank sale, on black mkt
The rates banks are allowed to trade dollars at is determined by set ranges around the results of regular central bank dollar sales.
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Egypt business activity shrinks in March
The HSBC Egypt Purchasing Managers Index (PMI) for the non-oil private sector stood at 49.8 points in March. That was down from 50 in February.
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Telecom Egypt to get Mobile Access License for $359 million
Under the license regulations, a state-managed company will be started to establish and rent telecommunications infrastructure.
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Blackouts in Egypt will be reduced, but not ended: Electricity officials
Gov't announces plans to import natural gas and diesel, as well as build three new power plants in response to the sharp spike in power cuts.
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Egypt's cabinet approves use of coal for power generation
Struggling to avoid public unrest over blackouts, the government has cut natural gas supplies to factories.
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Accelerating job creation in Egypt through inclusive lending
The World Bank's Promoting Innovation for Inclusive Financial Access Project will expand financial inclusion amongst low-income communities.