News
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Government launches ‘Egypt 2022’ economic development plan
Long term developmental vision aims at achieving a “sustainable and containment growth”, was unveiled by the Ministry of Planning.
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ILO supports Egypt's efforts to achieve social justice
During the meeting, the Egyptian minister said that Egypt needs the assistance of the ILO in various fields.
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IMF team visits Egypt for first time after June30
It was the first IMF visit to Egypt since June when a team came to discuss a long delayed $4.8 billion IMF loan to Cairo.
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Gift glut gives Egypt oil trade new headaches
Traders say EGPC has been failing to issue the letters of credit, or L/Cs, needed to finalize payment before unloading, creating delay & uncertainty.
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125M EGP for drainage projects in Wadi Gedid
50 million EGP have been allocated for the wastewater station in Mut city.
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Egypt central bank leaves interest rates on hold -statement
Egypt's central bank kept its official interest rates on hold as expected on Thursday.
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Sahl Hasheesh hosts a concert to promote tourism
The Cairo Opera House organizes a special concert in Sahl Hasheesh with a message of peace.
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Egypt's Citadel Capital expects profits by 2016: Heikal
Citadel Capital profit to increase as firm initiates more projects and investments.
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Sahl Hasheesh hosts a concert to promote tourism
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Political instability hinders Egyptian stock exchange's hunt for new firms
The exchange is revising listing regulations, developing new mechanisms for exchange traded funds.
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Samsung eyes to boost sales by 50% in Egypt within 2014: Duke Park
Park has stated that Samsung is producing around 50 million screens annually across the worldwide and it has a plant everywhere.
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Egypt financial regulator plans rules revamp to spur trade
Egypt’s last initial public offer of shares was in November 2010.
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Reforms key to Egypt’s future as gas exporter, firm says
Egyptian LNG exports have slowed to a trickle since last year due to supply shortages and growing domestic needs.
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Jordan says Egypt's gas disruptions to cost it over $2 billion
Egyptian officials have attributed the drop to technical delays in repairs after several acts of sabotage and a rise in domestic energy demand.
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Egypt's millionaires make up 0.04% of total adult population: Report
Egypt's share of global wealth down to 0.16% in 2013; one quarter of Egyptians living in poverty, according to Credit Suisse Research Institute.
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Arab aid to Egypt will not last long, UAE minister warns
“Egypt should think of innovative and non-traditional solutions,” UAE Minister of Presidential Affairs commented.
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Egypt to issue wheat tender in 2-4 weeks
Current wheat stocks are enough to last till February 18, according to Supplies Minister Mohamed Abu Shadi.
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Opinion: The US-Egypt aid freeze: why now and does it matter?
The timing and content of the recent US aid freeze shows that it is a largely symbolic measure, writes Karim Adel El-Sayed.
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UAE to give USD 3.9 bn to Egypt's military-installed govt
The two countries signed the latest agreement during a visit by Egyptian Prime Minister Hazem Beblawi to the oil-rich Emirates.
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Maximum income for public banks opposed by sector
Bankers express concern that public bank maximum wage law will push talent away to private sector.