News
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Egypt to be stimulated by the UAE
On 27 October, the government signed an agreement with UAE to finance development projects valued at $2.8bn as a part of the second package.
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Government did not receive settlement offers from Hussein Salem
If such offers were made, they will be considered by relevant bodies, said Cabinet Spokesman Hany Salah.
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Forbes ranks Egyptian doctor among top social entrepreneurs in 2014
The neurosurgeon Mohamed Zaazoue, 26, is the only Egyptian to make the list of 30 entrepreneurs.
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New tourist insurance rules for Egyptian agencies
Travel agencies will be have to enter new insurance scheme in a move to improve trust in Egypt's tourist sector.
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0.04% reduction in December rate inflation: CBE
The monthly basic inflation reached 0.41 percent in December compared to 0.46 percent in November.
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Conference to boost Tourism in Luxor
Ministers of Culture, Tourism, Civil Aviation, Youth and Antiquities, as well as governors are scheduled to attend the conference.
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Opinion: A smooth Egypt Referendum could spur aid, investments
The country was once a favourite of foreign investors seeking exposure to emerging markets in the Middle East.
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Centamin Q3 Egypt gold mine production exceeds target
Sukkari flagship gold mine production up 7% in Q4 year-on-year as total 2013 output beats guidance by 11% despite expansion work and turmoil.
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Egypt relaxes controls on Forex transfers
The change will take effect from January 2014 and cannot be applied retroactively.
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The curious case of the Egyptian economy: not a single recession in 22 years
Egypt’s economy is curious because it is an experiment. It follows no model, and it is driven mainly and solely by its huge population.
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Panel rules machinery cause of Egypt balloon crash
The cause of the crash, near the southern city of Luxor, was a faulty fuel delivery system which caught fire.
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Militant violence turns away tourism in Egypt’s South Sinai
Events in the North do not always impact the South. But the tourism industry does not see it that way.
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Egypt Suez Canal master plan to be finalised in nine months
Egypt wants to turn 76,000 square kilometres (29,000 square miles) around the canal into an international industrial and logistics hub.
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Egypt foreign reserves continue to slide in December
Net International Reserves currently stand at $17.7 billion, Central Bank of Egypt announces.
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Egypt’s stock market regains ground lost since 2011 revolution
By mid-December, the Egypt’s main stock index, the EGX30, closed at the highest point since Jan. 24, 2011.
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Armed Forces to implement an EGP 350m project for developing 30 slum areas
ISDF will provide EGP 350m in investments and the projects will be implemented over a period of 12 months, the statement said.
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Egypt bars Canadian Shi'ites from entering
The Canadians landed in Egypt from Iraq to complete a pilgrimage to Shi'ite sites in the region.
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Egyptian judicial body recommends tuk-tuk import halt on security grounds
Auto rickshaws (tuk-tuks) come under fire for their frequent use in crime, while monopoly assembler defends the mini vehicles as essential.
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Egypt amends energy program to encourage investment: IMF
The IMF noted that Egypt is preparing a program for gas distribution through smart cards in order to encourage investments.
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Egypt summons Qatari ambassador to protest interference
Doha said the Egyptian government's recent decision to label the Muslim Brotherhood a terrorist group was a prelude to kill protesters.