News
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Egypt mulls free trade zone with Russia's customs union
Russia is increasing efforts to strengthen relations with large importers of its products as the US and EU threaten steeper sanctions.
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Kuwait based Arab Fund to invest record $412 in Egypt
A power station in Assiut will be funded by AFESD’s first $200m assistance package.
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Tui Travel on track despite Egypt and Nordic problems
Summer bookings in line with expectations and profit should grow by up to 10%.
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Egypt's el-Sissi resigns from military; will run for president
El-Sissi widely expected to win vote, after months of nationalist fervour since he removed Mohammed Morsi, the elected Islamist president.
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Ministry revokes 2 Sharm hotel licenses after rape of tourist
Hilton Sharks Bay and Sharm Holiday Resort licenses are withdrawn by Egypt's tourism ministry after reports of sexual abuse.
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Egypt's tourism sector opposes coal use
Egypt's cement sector has been campaigning for months for permission to substitute mazut and natural gas with more cost-effecient coal.
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France to provide €137 million for development in Egypt
The European Union will contribute another 15 million euros for the urban regeneration of four informal settlements in Greater Cairo.
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Egypt to launch electricity saving mobile app
The app will be launched for household use and is aimed to raise awareness about times of high electricity loads.
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Egypt to establish 1st paper mill in Sudan worth EGP800m
The Chamber of Printing Industries is set to be the first paper mill in the Sudan, the Egyptian official noted.
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Egypt to establish 1st paper mill in Sudan worth EGP800m
The Chamber of Printing Industries is set to be the first paper mill in the Sudan, the Egyptian official noted.
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Egypt’s Naeem Holding to cross-list on Abu Dhabi Exchange
The company has given no details of the timing or size of the listing.
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Alexandria to host the first Mediterranean cuisine festival
The festival is part of a European Union initiative to improve food traditions in the Mediterranean region.
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Egypt's trade deficit slows 21% in December 2013 Y-o-Y
Egypt's trade balance deficit reached LE18.04 billion ($2.5 billion) in December 2013, state-run statistical body CAPMAS reported on Monday.
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Egypt frames new plan for wage restructuring
The reform plans currently prepared by the Planning Ministry aim to restructure the wage system as well as fix a minimum and maximum wage.
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Egypt turns to Israel to address shortage of natural gas
The state-owned Egyptian Natural Gas Holding Company (EGAS) is turning to Israel, a former export destination of Egyptian gas.
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Souq raises an additional $75m from Nasper's
Today, Souq.com boasts 23 million visits per month on its website, and 6.2 million registered users.
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4,000 jobs in communications sector before June 30: minister
The communications sector’s addition to the Gross Domestic Product (GDP) in Fiscal Year 2013-2014 would be 60 billion EGP.
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Egypt unified telecom license to be activated before June 30
The license would allow telecommunication companies to operate fixed-line and mobile networks.
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McDonald's Egypt raises its investments by LE1 bn
McDonald's Egypt is embarking on an ambitious expansion plan, hoping to more than double its branches nationwide in the coming seven years.
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Egypt shoots for 3.4% GDP growth during next fiscal year
Gross domestic product grew by merely 1% during the first quarter of Fiscal Year 2013/2014.