News
-
Mobile operators ask CBE to boost cash transfers
The operators aim to increase demand for cash transfer services, which were affected by the political turmoil.
-
Egypt Crystal Asfour workers reject labour agreement
Crystal Asfour workers to continue strike following failed manpower ministry negotiations.
-
Russia lifts travel ban on Egypt
The ministry added that the “current situation in Egypt does not ban visits by Russians to Red Sea tourist areas.”
-
Egypt’s gas exports to halve as usage rises
Egypt is set to fall behind Equatorial Guinea to fourth place among Africa’s gas exporters this year.
-
Russia prepared to invest in Egyptian nuclear energy: Lavrov
Russia’s foreign minister reiterates his country’s willingness to finance development.
-
Egypt sees worst tourism figures in 30 years
In September, only 50,000 tourists came to Egypt, compared to around one million last year.
-
Amid censorship, Egypt’s John Stewart is without a show
Bassem Youssef is off the air, for now, but he's already dinged both sides of Egypt's polarized political scene.
-
Egypt and Kenya to sign trade agreement
Kenya is a promising market for Egypt’s exports because it is the gateway to Eastern Africa’s landlocked countries.
-
Egypt's bank profits to be flat in 2013: CBE official
Egyptian banks profits in 2013 are expected to be as same as last year.
-
Egypt’s Petrojet wins gas pipeline contract in Iraq
The cooking gas pipelines project will expand over (200 KM) for the favor of the Iraqi Oil pipeline.
-
GE vice chairman calls for investments in Egypt
According to GE, Egypt is one of the best foreign investment destinations, especially when it comes to high profitability rates.
-
Egypt’s thirst for cheap gas threatens export prospects: Energy
The nation’s thirst for cheap gas leaves little scope to pare back subsidies that cost 7.3 percent of gross domestic product.
-
Egypt aims to increase tax revenue by introducing VAT: Official
Tax revenue reached LE80 billion in the last fiscal year and the government is targeting LE130 billion for the current fiscal year.
-
Italy, Cyprus ease travel ban to Egypt
Cypriot Foreign Ministry issued a new travel guidance for citizens who are wishing to travel to Egypt.
-
Min. of Aviation: Egypt Air losses hit 6.5 billion EGP
Local and international loans value 10 billion EGP, in addition to company losses during the deteriorating security status.
-
Egypt jobless rate reaches 13.4% in Q3/2013
Number of unemployed Egyptians increases by 30,000 during period between July and September.
-
WEO stresses need to abolish subsidies to improve efficiency
Global energy demand is projected to go up by one-third from 2011 to 2035.
-
New economic roadmap on the way for Saudi and Egypt
The plan will be based on benefiting from all investment opportunities offered by the Egyptian and Saudi economy.
-
Bank provisions to be exempt from taxes: Ministry of Finance
Ministry says it has received cabinet approval for draft law, now awaiting presidential ratification.
-
Egypt’s largest auto assembler records 32% Q3 profit fall
"2013 has been the toughest year the economy has ever seen,” GB Auto CEO Raouf Ghabbour said in an official statement.