News
-
Egypt court overturns privatisation of two companies
The court said in its ruling the 2005 sale was illegal and below the company's true worth, and violated the rights of workers subsequently laid off.
-
Tourism minister ready to compensate Luxor stakeholders
The Minister issued aid worth LE3 million to those affected by the tourism downturn in Luxor and Aswan governorates during his visit to Luxor.
-
Is Apache's presence in Egypt cause for concern?
The company's operations in Egypt have continued largely uninterrupted despite the recent violence.
-
OPEC to help finance new power station in Egypt: Minister
The plant is expected to produce 1950 megawatts of electricity starting in 2017.
-
Egypt received $7 bln of total $12 bln Gulf aid: CB governor
Of the $7 billion currently received, $3 billion was from the UAE, with a further $2 billion each from Saudi Arabia and Kuwait.
-
Finance Minister: Government has clear-cut plan to flourish economy
The government has a clear-cut plan to flourish the economy and achieve social justice, said Finance Minister Ahmed Galal.
-
Egypt and Kurdistan owe more to Dana Gas, company says
In Egypt, $290 million of invoices have not been paid, $210 million of which is overdue.
-
Majid Al Futtaim waits for stability in Egypt, Syria
MAF had been in advanced talks to buy Egypt’s largest supermarket chain Metro.
-
In post-revolution Egypt, business picks up online
While e-commerce in the country is picking up, industry observers warn of hurdles.
-
Egypt pound edges up
Egypt's pound strengthened both at a central bank foreign currency sale on Thursday and on the black market.
-
Egypt receives $2 billion deposit from Kuwait
Egypt’s central bank has received a $2 billion deposit from Kuwait, the governor said on Thursday.
-
Real estate investors shun Egypt
A series of developments that tried to capitalise on a shortage of high-quality offices in Cairo have recently been completed.
-
Trade union federation rejects minimum wage, threatens ‘3rd revolution’
The federation warned that workers will continue their struggle "even if it costs them a third revolution."
-
Minister of Finance reassures EFG-Hermes on economy prospects
Minister Ahmed Galal discussed in a conference call with EFG-Hermes the government’s plans to boost economy and encourage investors.
-
Orascom Construction parent company extends its tender offer in Egypt
Dutch-listed OCI NV will extend its mandatory tender offer in the Egyptian stock exchange.
-
German travel giant TUI resumes tours to Egypt
The German branch of travel giant TUI PLC says it will reopen hotels and begin flights to the Red Sea coast immediately.
-
Eni confident Egypt will honour $800m debts
Eni, Italy’s largest energy company, has said it is confident that Egypt will soon repay the $800 million debt it currently owes the firm.
-
Weak tourism, remittances hurt Egypt
Tourism receipts tumbled to $1.67 billion in the second quarter, a decline of $663 million from a year earlier.
-
Egypt's new government to extend their control over fruits and vegetables
Minister has given grocers nationwide a time-limit of a week to reduce prices, or he will set prices and allot them a profit margin of 25 percent.
-
Turkish Tourism impacted by dispute with Egypt
Turkish goods shipped through Egyptian ports dropped as much as 30 percent after Mursi’s ouster.