News
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Egypt's total domestic debts rose to LE1.4 trillion in Q3 of 2012/13: CBE
Central Bank of Egypt reports that the state's total domestic debts rose 27 percent.
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Kuwait delivers free fuel to Egypt: report
Two tankers, one carrying around 100,000 tonnes of diesel and the other 1.1 million barrels of crude, have docked in Egypt.
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Egypt's 2013-14 budget remains in limbo
Egypt continues to work with the roadmap of the 2012-13 state budget, as the new budget remains with the now dissolved Shura Council.
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Egypt upheaval mars hopes of end to economic woes
Dire security problems and political instability mean a return of the tourists and foreign investment are a distant prospect.
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Egypt may convert Gulf funds into bonds
Egypt recently converted USD3.5bn of Qatari loans into bonds through a newly established USD12bn Euro Medium-Term Note programme.
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Shipping trade between Egypt, Turkey continues, says minister
Turkey's Minister of Customs and Trade stated on Friday, "allegations that Turkish-Egyptian shipping trade stopped or slowed down are groundless."
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Egypt's Centamin achieves record gold production
The company produced 93,624oz of gold in the three months to the end of June, up 8 per cent from the previous quarter.
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Energy crisis sparked Egypt revolution, but still burns bright
Egypt’s economy, during the last three years, has been suffering from successive crises.
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IMF says no discussions with Egypt's interim government
The IMF typically does not negotiate with governments that have not been recognized by the international community.
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Fitch cuts ratings on two Egyptian banks
Fitch Ratings downgrades National Bank of Egypt and Commercial International Bank in the wake of rising political uncertainties.
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Egypt's Dakahlia set to host USD200m industrial city
The project aims at exploring the potential of developing the marine industry in Lake Manzala.
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Egypt has less than 2 months imported wheat left, says ex-minister
After buying 3.7m tons of wheat from a domestic harvest that is now finishing, Egypt has 3m tons of home-grown wheat left in its stores.
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$12 billion in aid for Egypt only temporary boost
Badly structured subsidies on food and fuel eat up almost a third of Egypt's strained budget.
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Egypt's Bloomberg outlasts his Islamist enemies
Sawiris was one of the businessmen hostile to the Muslim Brotherhood who was targeted by Morsy during his time in office.
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Tourism sector on unstable ground
ElShaer: Everyone was expecting prosperity in tourism after Morsi’s ouster but the violence erupted “stole our hope”.
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Egypt's upheaval raises middle-class brain drain fears
Many of Egypt's middle class have felt let down with basic state services such as education and security.
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Opinion: Let economies be kept free of politics
In the past, the worst economic condition in Europe occurred when the church seized control of all aspects of life, including the economy.
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To save Egypt, fix the economy
How can Egypt get out of the hole it is currently in?
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Saudis offer Egypt $5B support, UAE injects $3B
The Saudi funds comprise a $2 billion central bank deposit, $2 billion in energy products, and $1 billion in cash.
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Cairo airport refuses inbound Syrian flight, Palestinians deported
Palestinians have been deported to countries they arrived in Egypt from, reportedly at their own expense.