News
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Egypt relies on Gulf aid to energise economy: finance minister
Already the recipient of $12 bln in Gulf aid, Egypt anticipates nearly $6 bln more from Saudi Arabia and the UAE to lift its struggling economy.
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New shipping line may link Hurghada and Sharm el-Sheikh
Linking the two cities nautically would activate the tourism in this region.
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EBRD allocates 1 million euros to support Egyptian furniture industry
The bank’s program was implemented in 2013 through a training course in Hurghada in cooperation with the German University in Cairo.
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Egypt tourism to recover ‘modestly’ in 2014: Oxford Business Group
Lifting travel alerts to Egypt will reassure potential visitors, but will not guarantee a surge in arrivals, report says.
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Finance Ministry to develop it systems to fight corruption
Minister hopes that other ministries will look at the Ministry of Finance as a role model in area of electronic connectivity and fighting corruption.
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Business owners look to Military General to restore security
2012 to 2013 were marked by a devastating dip in tourism, with Egypt only earning $9.75 billion from the industry.
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$5.8 bn of fresh Gulf aid to Egypt
New Saudi aid package to come in form of central bank deposits and petroleum products, as UAE also steps up pledges.
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Egypt 'safe', Britons told
Tour operators have insisted that Egypt remains safe, and urged Britons to keep travelling there, despite last weekend’s violence in Cairo.
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Pakistan, Egypt to share expertise in social protection, micro finance
Chairman Benazir Income Support Programme (BISP) on Tuesday said Pakistan is looking forward for a long term relationship with Egypt.
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Winter electricity black outs return to Egypt
Frequent power cuts are occurring despite lower consumption due to fuel supply shortages.
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Philip Morris International Plans Revamp of Egypt Business
The internationally focused tobacco company expects to post a charge of 10 cents a share to reflect the discontinuation of some contracts.
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New melanoma drug will be licensed in Egypt soon
The new drug represents a medical breakthrough among the increase of melanoma patients worldwide.
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Egypt eyes more Chinese tourists as travel advisory lifted: minister
"Tourists are not a target of any attacks based on domestic issues," Zaazou said, referring to the recurrent anti-government protests.
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Egypt says stimulus package almost ready as it seeks to reassure investors
The economy grew by just 1.04 percent in the three months through last September from a year earlier, according to latest central bank data.
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Telecom Egypt to help build intercontinental internet cable
Telecom Egypt, to participate in consortium of 16 other companies in building 25,000 km-long high-capacity cable connecting Asia, Europe and Africa.
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Transformation of Egypt's El Gouna into a Carbon-neutral City
El Gouna will turn into the first city of its kind in Egypt and Africa, and one of the leading carbon-neutral cities in the world.
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Taxes can resolve the issue of 2 mln. unused housing units
Applying property taxation will help resolve the issue of the 2 million housing units that are currently not in use.
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Egypt's growth to miss forecasts
A survey suggested growth would accelerate to 3.3 percent in the year to June 2015, also well behind the government's 4.5 percent target.
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China's Baidu testing search engines for Brazil, Egypt, Thailand
Baidu is testing new search engines for users outside China that will target markets in Brazil, Egypt and Thailand to start with.
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Italian Ambassador announces Tourism promotion initiative in Aswan
In a tourist tour of Aswan, the Italian ambassador he will attract Italian investors to establish a marble and small industries factory in Aswan.