News
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Egypt, Saudi Arabia to sign electricity consulting contract in December
A delegation from Saudi Electricity Company will arrive in Cairo in the first week of December.
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Egyptian govt puts Indian companies in a spot
The Egyptian government is tightening the screws on projects worth $1.5 billion by two private companies - Sanmar and Aditya Birla group.
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Telecom Egypt to update Al-Ahli Bank information network
TE and Al-Ahli Bank sign agreement to update the latter’s information network using fiberoptics at a cost of EGP 90m for five years.
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Egypt holds referendum on amended constitution in December
Hours before timing of referendum is announced, protesters take to streets in defiance of protest law passed on Sunday.
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Experts connect Egypt PM gaffe with stocks fall
A series of stark statements by Egyptian Prime Minister Hazem El-Beblawi coincided with poor trading this week.
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Egypt launches official mobile app for tourists
Launched by the Egypt Tourism Authority, a new app gives smartphone users an interactive and convenient way to plan a trip to the country.
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Interior minister sued for 2.8M EGP
The Economic Court, headed by Judge Hisham Hassan, will consider Wednesday a law suit against Minister of Interior Mohamed Ibrahim.
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Egypt promises to boost trade with Cameroon
Egypt’s diplomat said he used the discussions with the Minister to review cooperation between Cameroon and Egypt in all domains.
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Workers at Egypt's public Iron and Steel Company stage sit-in
Thousands of workers at one of Egypt's largest public companies in Helwan organise a sit-in for profit share.
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Slump in Egyptian tourism hits Orascom earnings
Orascom Development Holding posted a nine-month loss of 75.7 million Swiss francs, as weaker hotel performance in Egypt hit the company’s earnings.
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Egypt suspends rice exports until further notice
Exports are suspended until all of the domestic needs for the government subsidy program are met.
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Egypt-Turkey Business Council calls for separating political, economic issues
Lam’ey added that the council seeks to hold joint meetings between the two sides to reassure them their investments are safe.
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Dubai retailer MAF says Egypt supermarket deal talk fails
MAF was in advanced negotiations to buy Mansour Group's Metro chain and discount grocery store.
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Egypt to start fuel cuts in 2014
“It is unsustainable, the kind of subsidies we are incurring,” said Beblawi of the program that eats up a fifth of the budget.
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Egypt asks Arab allies to finance 2014 fuel imports
Petroleum ministry mulls options for solving domestic fuel crisis, including deal with Cyprus and encouraging exploration by foreign companies.
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Noble Energy sees Egypt, Jordan as Israeli gas field’s main clients
Australia’s Woodside Petroleum, in talks to take a 30% stake in the Leviathan project, would be a loser in the strategy.
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Egypt’s banks lend less, earn more
Ambitious plans by Egypt’s banks to expand credit portfolios hindered by the country’s ongoing political turmoil.
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Egypt ready to buy fuel without Arab aid, says minister
Egypt is due to receive the last amount of free oil shipments, totaling $4 billion, Saudi Arabia, the United Arab Emirates and Kuwait in December.
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Egypt expels Turkish envoy, downgrades ties
Cairo’s decision to send Ambassador Hussain Avni Botsali home was in reaction to remarks by Turkish Prime Minister Recep Tayyip Erdogan.
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Minister predicts tourism slowdown by end of 2013
Zaazou did suggest that, while challenges remain, tourism in Egypt should see a rebound in February next year.