News
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Moody's says Egypt banking sector outlook still negative
Moody's still has a negative outlook for the mass of Egyptian banks - unchanged since 2011, when the country's political turmoil began.
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Outgoing housing minister named Egypt's new prime minister
Mahlab said he was "officially tasked with forming a new government" by interim president Adly Mansour.
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CBE waiting for right time to divest its stake in Egypt banks-governor
Egypt's current foreign exchange reserves are at a "reassuring" level of USD 17.1 billion.
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Aujan Coca-Cola to build $100m Fruit-Juice factory in Egypt
Aujan Coca-Cola was formed last year out of a $1bn partnership between Coca-Cola and Saudi Arabian group Aujan Industries.
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Egypt’s first university incubator and their first batch of entrepreneurs
Egypt’s first university based incubator, launched last July at the American University in Cairo (AUC).
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Egypt's public transport workers strike for 3rd day
Transportation workers want a minimum wage and repairs to buses.
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Report says mobile users in Egypt increased to 99.7 million by end of 2013
A new report said that mobile users increased to 99.7 million in 2013 from 96.1 million in 2012.
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Egypt investment law prohibits challenge to government contracts
Since the uprising that toppled Husni Mubarak in 2011, Egyptian courts have issued at least 11 rulings ordering the state to reverse deals.
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Egypt's Army-backed government has resigned
Egypt's army-backed government has resigned, state-run Al Ahram said on its website on Monday in a report confirmed by an Egyptian official.
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Gulf investor interest highlights Egypt’s retail upside
Gulf investors have had a sizable presence in Egypt’s property market over the past decade.
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U.S. investments surge for African tech entrepreneurs
2013 was the most active year for technology investment on the continent, according to data from CrunchBase.
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Egypt says official suspected of corrupt rice deals, not wheat
Egypt is the world's biggest wheat importer, normally purchasing around 10 million tonnes a year.
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Central Bank of Egypt allocates 10 billion EGP for real estate financing: Samy
Real estate financing companies will benefit from this initiative, he said, because CBE allowed banks to use a percentage for real estate companies.
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Egypt refers GASC head of imports to prosecution
"The minister wants to start a new era after the June 30 revolution, he wants new leadership," a supplies ministry spokesman said.
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Tourism companies urge travelers in Egypt to take caution
Approximately 30% of tourists from outside Egypt have canceled their bookings in Sharm el-Sheikh and Dahab, according to NTS Group.
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Egypt's population rises by 1 million in 6 months
1 million new Egyptians have been born since August 2013, bringing the total number in Egypt to 86 million.
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Sudan and Egypt will establish free zone for mineral industries
The new zone will depend on the Sudanese raw materials and the project will be based on partnership with the private sector in both countries.
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Strikes challenging government spread across Egypt
Notaries in the Delta province of Kafr el-Sheikh went on strike Thursday, joining pharmacists, doctors and factory workers.
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Egypt tourism minister doubts credibility of tourist threat
Zaazou cast severe doubt over reports that Jamaat Ansar Beit al-Maqdis had issued an ultimatum to all foreign tourists to leave Egypt.
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Egypt central bank allocates LE10 bn for cheap mortgages
Low and middle earners can apply for cheap mortgages in move designed to boost construction and real estate sectors.