News
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Egyptian govt pledges LE22 bln stimulus for infrastructure projects
Government hopes plan will cut unemployment down to 9 percent, budget deficit by 5 percent and raise growth rate to 3.5 percent.
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Egypt extends emergency law for 2 months
The nearly month-old state of emergency, which is due to expire within days, preserves greater powers for security forces.
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Egypt owes foreign oil companies $6 billion, says PM
Reaching an agreement would lead to a rise in investments from the companies to $15 billion within two years.
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Kuwait to transfer $2bn aid to Egypt
Kuwait's state news agency said the package would comprise a $2 billion central bank deposit, a $1 billion grant and $1 billion in oil products.
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Army curfew stifles sales in Egypt
Street-level strife hits vendors hardest. 'People used to buy fruits around the clock,' says fruit seller. 'Now, I have to go home at 7 pm'.
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Fate of Egypt's 4th mobile operator in limbo as government deadline looms
Egypt's government plans to issue controversial virtual licence to state-owned operator Telecom Egypt later this month.
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Analysis: Can Islamic Bonds save the economy?
Egypt is trying to attract foreign investors via Islamic bonds. While others are cautiously optimistic, some are highly sceptical of the measure.
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Petroceltic's Egyptian output takes hit
The Irish company, which generates about 60pc of its revenue in Egypt, said its operations there had been largely unaffected.
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‘Brand Sisi’ sweeps Egypt as sweet treats glorify army general
From cookies to burgers to dates, it’s been gimmicks galore for Egyptians searching for new ways to shower their army leader with compliments.
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Egypt requests Japan consider lifting travel ban
Minister of Civil Aviation Abdul Aziz Fadel said that the ministry will continue to cooperate with Japan “despite the decline in tourism.”
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Egypt’s August inflation slows to 9.7%
Correspondingly, the annual inflation rate softened to 9.7% in August compared to 10.3% recorded a month earlier.
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Investors switch off BG after Egypt unrest hits production
BG warned that the latest phase of its West Delta Deep Marine concession would commence production later than expected in 2014.
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Qatar to convert USD2bn Egypt central bank deposit into bonds -report
Qatar sent Egypt $3 billion in May of which it converted $1 billion into three-year bonds.
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BP says makes ‘significant’ Egypt gas discovery
The deep water exploration well, named Salamat, is the deepest well ever drilled in the Nile Delta.
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Egypt unveils initiatives to revive tourism sector
The ministry has partnered with Ministry of Civil Aviation affiliates such as Egypt Air, Egypt Express and Smart Air.
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Egyptian authorities examine Morsi family wealth
Financial disclosure of ousted president Mohamed Morsi's land and assets is examined by legal authorities.
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Egypt short on allies as Obama administration weighs cutting aid
Egypt is running short on allies as President Obama considers slashing foreign aid to the country.
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Sawiris eyes Telecom Italia, but concerned about Rome
Sawiris said he was considering a "potential investment in Telecom Italia".
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Tourism promotion campaign message to world that Egypt is safe
The campaign was agreed upon during a meeting grouping the ministers of tourism and civil aviation to promote tourism.
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Egypt's Cairo airport on alert after bomb tip-off
The officials said an anonymous caller told state security by telephone that two passengers on the EgyptAir flight were suicide-bombers.