News
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Four banks plan to pump $150 mln for new power station in Alexandria
The NBE , Banque Misr, Commercial International Bank (CIB), Banque Du Caire and the Arab International Bank(AIB) have provided $ 1 billion financing.
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Work on UAE-funded project begins in Egypt
UAE officials visit project of building 13,000 housing units, which are to be completed by 2014.
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From Egypt, the message is "Obama keep your aid"
Washington faces a dilemma in dealing with its major regional ally: Egypt controls the Suez Canal and has a peace treaty with neighbouring Israel.
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Egypt heads to K Street after U.S. aid halted
The Glover Park Group has been hired by Egypt to “provide public diplomacy, strategic communications counsel and government relations services".
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Cutting off military aid "arrogant," tycoon Sawiris claims
“Do not underestimate the dignity of the Egyptians,” he stressed.
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IMF’s Lagarde says keen to engage with Egypt on economy
The IMF would be open to a joint Egypt program with Gulf countries, which have already stepped in with billions of dollars in aid.
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Egypt's annual urban inflation passes 10pct in September: CAPMAS
Surging demand driven by interest rate cuts and shortened curfew hours, according to Beltone Financial, helped push up inflation in September.
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Egypt surges 2.2 pct, ignores U.S. aid cutoff
Local retail investors, the main driver of the recent rally, were mainly supporters of the government.
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Sports tourism: a growing trend in Egypt
There are more than beaches in Egypt; you just got to know where to look.
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Wheat premiums hold steady as Egypt tenders
Egypt's GASC set a tender to buy wheat from global suppliers for Nov. 21-30 shipment.
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U.S. decision to halt some aid to Egypt ‘wrong’: foreign ministry spokesman
"Egypt will not surrender to American pressure and is continuing its path towards democracy," Foreign Ministry spokesman Badr Abdelatty said.
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Arab Spring to cost Middle East $800 bln, HSBC estimates
HSBC forecast GDP growth in the Middle East and North Africa would slow to 4.0 percent this year.
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Egypt struggles with flexibility and formality: World Bank
The employment rate has increased between 2006 and 2010 reaching an average of 60% of the population.
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Reports on halting military assistance to Egypt false: US
A news channel said that the US has not yet notified the Egyptians of the decision to cut off military aid.
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Canada blocks network sale to Egypt's Sawiris, citing security
The surprise move by the country's Conservative government was made with little explanation.
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Egypt's banks on holiday for six days
Egyptian banks closed 14-17 October for Eid holidays.
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Egypt cuts IMF delegation in political protest
PM Hazem El-Beblawi says negotiations are ongoing over whether IMF will recognise current government.
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Gulf States ready to invest in Egypt state projects: Minister
Egypt's cabinet has flagged a 120 billion Egyptian pound investment programme for this fiscal year.
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Opinion: Getting in the way: Politics and doing business in Egypt
What worries me is that politics is again getting in the way of the economy, and not efficiently, says Iris Boutros.
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Egypt's EFG Hermes says co-CEO Heikal quits
EFG Hermes, Egypt's largest investment bank, said its co-chief executive had resigned after 18 years with the firm.