News
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Zaazou: New plan to promote tourism investment in 2014
Zaazou explained that Egypt’s strategy to bring in investment would be changed from a ‘sit-and-wait approach’ to ‘go-out-and-get’.
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Egypt to repay part of debt to oil companies in Egyptian pounds
Repayment will occur "in phases", starting on December 1, a statement on the Finance Ministry website said.
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Egypt's interim govt, businessmen revive Upper Egypt development plans
A Cairo conference considers public-private partnerships to develop Upper Egypt, home to 80 percent of Egyptians living in extreme poverty.
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Egyptian Ambassador in Zimbabwe discusses cooperation in tourism
The agreement is expected to be signed during Mzembi’s visit to Egypt scheduled for Dec. 22 – 26.
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Egypt’s tourism lags due to poor marketing
Marketing campaigns abroad are generally unprofessional and do not improve the country’s ability to address tourists or study the target markets.
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Egypt to vote on amended constitution mid-January
It replaces the constitution drafted by an Islamist-led panel, approved in a referendum last year, and suspended after Morsi's ouster.
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Cabinet plans to attract tourists through live online broadcasts
Live cameras will be placed at sites to transfer the image directly to a global audience composed of tourists who wish to visit Egypt.
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Friday’s market helps control prices: planning minister
There is a full coordination between ministries and governorates to finish projects which have not yet been completed.
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Egypt's Citadel cuts net loss as regional unrest eases
The firm is narrowing its focus to energy, transport, agrifoods, mining and cement.
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EU grants Egypt $380mn for development projects
The EU grant – in cooperation with the German government – is part of the Participatory Development Programme in Urban Areas (PDP).
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Egypt: preferred destination for Lebanese investment
Recently-published statistics show that Egypt was the preferred destination for Lebanese direct foreign investment in 2012.
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Govt. to recover 397.7bn EGP in public social insurance
The estimation of the amount due is based on research developed by a committee of specialists that was assigned for that purpose.
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EBRD lends Egypt's Juhayna $73 mn for expansion
The company will use the money to finance an expansion of its dairy and juice factories, produce new products and upgrade its distribution network.
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Canals proposed to end Egypt's water shortage
Egypt suffers from a severe water shortage with getting enough water a major shortage for agricultural production.
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Egypt’s secret Swiss bank
AIB’s links to Egypt’s old guard, as well as the Qaddafi and Assad regime, led the bank to become a centre of controversy.
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Inflation rate edges to 11.95 percent in November, CBE
The core monthly inflation hit 0.46 percent in November, compared to 1.17 percent in October, according to a report issued by the CBE.
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Fighting sexual harassment in Egypt: A business opportunity?
Egypt loses 147.6 billion pounds annually as a result of violence against women.
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Egypt's budget deficit hits $10.8 bn in Jul-Oct 2013: Report
Deficit up from same period of last year, but expected to be 5 percent less by the end of fiscal year 2013/14.
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Egypt’s foreign minister: Invest, invest, invest!
The country's foreign minister believes the growing young population is an asset for attracting potential investors.
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Egypt’s inconsistent economic policies hinder investment: IFC & WB
Minister of Investment says investment opportunities will benefit all governorates.