News
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3 European countries lift travel alerts on Egypt
Move represents small victory in struggle to revive vital tourism sector after politically turbulent summer.
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Kuwait to transfer $1bn in aid to Egypt next week
Prior to Qatar's $2bn deposit, the bank's foreign currency reserves totalled $18.9bn at the end of last August.
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National Bank of Egypt partners MasterCard for 'Phone Cash' service
NBE is the first bank in Egypt and the wider Middle East to provide the "Phone Cash" service.
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WTTC boss on why Egypt travel ban is unjust
CEO of the World Travel & Tourism Council stated that “there is much to remain positive about".
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Cyprus, Greece and Egypt agree guidelines of tripartite cooperation
Director Generals of the Ministries of the three countries will probably meet in Cairo.
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545 artifacts looted from Mallawi Museum recovered: source
The Interior Ministry has been campaigning to retrieve hundreds of pieces looted from the museum last month.
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Egypt's new constitution may be ready by November
The panel already has approved about a third of the charter, mostly non-controversial clauses on basic freedoms.
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Egyptian business leaders to gather in NYC for Int'l Economic Reform Forum
International conference aims to establish an Egyptian national council to effectively tackle economic woes.
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Libya invests at least $9 billion in Egypt
Ambassador Mohammed Fayez Abdul-Aziz Jibril said the investments will be further expanded in the near future.
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Political tension between the U.S. and Egypt will not reflect on trade
The president of the American Chamber of Commerce in Egypt on the situation of American investors in Egypt and government performance.
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Egypt's central bank cuts interest rates to boost economy
It was the Central Bank of Egypt's (CBE) second rate cut since Mursi's ouster.
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Egypt to narrow gap between Natural Gas production and consumption
The Petroleum Ministry aims to narrow the present gap between natural gas production and consumption, said Minister of Petroleum Sherif Ismail.
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Officials: US moves to keep future Egypt aid money
Much of the cash would be used to compensate American companies for "wind up" costs.
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German tour operators split over restarting Egypt trips
Many travel firms halted trips to the country after violence broke out in July and August and governments advised holidaymakers to stay away.
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Total upbeat about Egypt’s business prospects
"Total’s vision of Egypt over the medium-to-long term is positive," Total CEO, Christophe de Margerie, told Wall Street Journal
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Egypt sees 46% drop in August tourist numbers amid strife
A total of 564,517 tourists visited Egypt in August this year compared with 1,037,785 in the same month last year, according to the figures.
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Egypt returns $2 billion to Qatar in sign of growing tensions
Egypt authorities have also refused a Qatari request to increase the number of flights between the two states.
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OPEC to co-finance 3 electricity projects in Egypt
The Egyptian government is currently looking into means of reducing a widening electricity production deficit.
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1.190tn in total banking deposits in June: Central Bank
Non-governmental total deposits increased during June to reach EGP 1.06tn compared to EGP 1.04tn the previous month.
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Egypt Cabinet sets minimum wage for workers
Egypt's official news agency says the Cabinet has set a minimum wage for government employees and workers to 1,200 Egyptian pounds, or 175 dollars.