News
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Egypt upheaval rewards home builders as buyers shelter savings
Developers are seeing rising demand after the political discord and worsening economic outlook that marred Morsi’s year in office.
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Egypt bourse to close Tuesday marking 1952 Revolution
Trading in the Egyptian stock market will resume Wednesday 24 July.
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Halting Egypt’s wheat imports was Morsi’s biggest mistake: minister
When asked why Morsi’s administration was unable to accurately assess its wheat stocks, Abu Shadi replied: “That was why he left.”
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Egypt Gets $2bn Saudi Payment To Fix Crumbling Finances
The funds from the Kingdom were given in the form of a five-year interest-free deposit at Egypt's central bank.
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Egypt: Ethiopian dam raises concerns
Cairo fears the dam will reduce water flows vital for its 84 million people.
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David Ignatius: Egyptian small-business fund falls victim to Washington inertia
It's a good idea, with a sound strategy and smart people to run it. So what keeps getting in the way?
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Egypt's interim president forms committee to amend constitution
The drafting of Egypt's constitution was one of the most divisive issues that came to characterize Morsi's first and only year in office.
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Dana Petroleum staff evacuated from Egypt
Just a small team of expatriate employees, led by managing director for Egypt Paul Barnett, remains in the country.
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Start-up spring
Clusters of internet firms are popping up all over the region.
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Egypt's wheat stock ample for four months, imports resumed
Egypt resumes wheat import from abroad after previous gove't halted it since February; supply minister: Egypt wheat stock enough until November.
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Cameroon to benefit from Egypt’s tourism experience
Cameroon and Egypt are fine-tuning strategies through which they could cooperate for a win-win development of tourism in the two countries.
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UK revokes export licenses for Egypt's military
The five licenses covered components for armored personnel carriers, machine guns, and armored fighting infantry vehicles.
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UAE delivers $3 billion aid to Egypt
Central bank governor Hisham Ramez said in a text message to Reuters that the aid from the UAE had arrived.
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Tea, tobacco take hit from Egypt’s unrest
The political instability in Egypt has taken a toll on the prices of tea, coffee and tobacco, the government and industry players have said.
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Analysis: New Egypt government may promote welfare, not economic reform
The new interim cabinet will probably avoid politically risky reforms of the budget such as cutting the subsidies.
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Insurers refusing coverage amidst increasing violence in Egypt
Unrest has also resulted in an increase in prices of political violence policies and a revision of terms and conditions during contract renewals.
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Egypt's new ministers set out economic priorities
Social justice, subsidised bread, fuel, and security among the many boxes to be ticked by the new cabinet's economic team.
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Egypt bourse slips from six-week high
Meanwhile, the emirate’s bourse rallied ahead of UAE second-quarter earnings.
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Spanish tourism will benefit from instability in Egypt
Spain's tourism sector will benefit from the instability in Egypt, the Alliance for Tourism Excellence, or Exceltur, predicted on Tuesday.
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Business 'optimistic' on Egypt's economy following Morsi ouster
The removal of Mohammed Morsi has boosted optimism among Egyptian businessmen who accuse him of bungled attempts to revive the devastated economy.