News
-
Net foreign reserves surge to $18.91bn
Foreign reserves increased to $18.9bn due to the foreign aid received from gulf countries.
-
Egypt to establish database for subsidies to needy: Finance Minister
Initiative part of cabinet effort to reduce smuggling, gradually cut subsidies and optimise state welfare expenditure.
-
Egypt's Turmoil Batters Turkey's Exports
Turkey sells one-fifth of its exports to customers in the Middle East, and its reliance on that market has tripled in the past decade.
-
Apache cuts Egypt stake as private investment dwindles
Apache announced it would sell a third of its Egyptian operation to China’s Sinopec and invest the $3.1 billion payment elsewhere.
-
Egypt-Turkey association urges separating business from politics
Economic cooperation should be separated from politics in relations between Egypt and Turkey.
-
Egypt minister warns of terrorism wave after assassination attempt
"It is likely that it was a suicide explosion as a result of a high explosive device," an Interior Ministry statement said.
-
Abul Enein leaves Cairo after lifting his travel ban
Business tycoon said he went to attend an important exhibition for ceramics to boost Egyptian exports of the product.
-
Egypt Tourism badly hit by unrest
The tourism sector – a key component of Egypt’s economy – suffered a sharp downturn in July.
-
Egypt says prepared to repay Qatari loan in days if necessary
Cairo’s relations with Qatar have deteriorated since the Egyptian army deposed President Mohammed Mursi on July 3.
-
Obama weighs Egypt aid suspension
Recommendation has been with Obama for at least a week but they don't expect him to make a decision until after the full Congress votes.
-
613 Egyptian factories closed in recent months: Trade minister
Minister for industry and foreign trade says that the cabinet has allocated LE 500 million to help reopen some closed factories.
-
Syria, Egypt conflicts also a cyber warzone: McAfee
More than half of incidents in the Gulf this year were so-called "hacktivist" attacks as politically motivated programmers sabotaged opposing groups.
-
Al Jazeera, three other TV channels banned in Egypt
The administrative court also banned news channel Ahrar 25, a network belonging to the Brotherhood, and two other Islamist broadcasters.
-
Egypt business activity contracts for tenth month
A contraction in output lessened to 36.5 in August from 34.9 in July, which showed the biggest decline since December.
-
Egypt to auction $1.3bn for vital imports
The central bank said in a statement Tuesday that it would sell the $1.3bn on Wednesday.
-
Egypt's Palm Hills to increase capital
Palm Hills, which has 1.05 billion shares outstanding, will sell 300 million new shares, increasing its capital to 2.70 billion pounds.
-
Egypt launches 2013 Export IT programme
Through the programme, ITIDA aims to support Egyptian companies in increasing their exports and reducing the effects of the economic slowdown.
-
Egypt's pound firms slightly
Egypt's pound strengthened marginally on Monday on both the official and black markets.
-
Egypt airport passengers increased 16% in 2012: CAPMAS
34 million passengers passed through Egypt's airports in 2012, reports CAPMAS; Egypt's air companies offer discounts to further encourage tourism.
-
Masdar likely to launch wind project in Egypt on the Red Sea
Masdar is seeking to invest in wind farm in Egypt and the project is estimated to cost Dh2.1 billion.