News
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EgyptAir lost estimated $185 million in last year: Ministry
EgyptAir’s losses for the year ending this month were mainly due to an increase in fuel prices, the devaluation of the Egyptian pound and strikes.
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Only politics can save Egypt's economy
There are several reasons for Egypt’s economic woes and conundrums, as well as the inability to sign the agreement with the IMF.
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Egypt's wheat harvest becomes mired in politics
Experts and famers are raising doubts that the wheat harvest will meet government predictions this year.
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Egypt to auction luxury gifts received by officials
Following direction that government officials cannot accept gifts valued above USD100, FinMin organizes first ever public auction of gifts.
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Egypt targets 13 million tourists in 2013
Minister of tourism expresses optimism in tourism sector, barring 30 June violence.
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Egyptian pilots stage protest, disrupt flights
Egypt Air official Ahmed Shahin says Thursday's protest was designed to press demands for changes in the company's top management.
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Egypt Tourism Minister calls for peacefulness of June 30 protests
"If the June 30 protests are peaceful, that will convey a positive picture of Egypt to the world and boost the tourism movement," Zazou said.
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Egypt's FX woes morph into MSCI headache
In its 2013 annual market classification review, MSCI noted a lack of foreign currency in Egypt.
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Investors in Egypt having currency problems: MSCI
MCSI might be forced to launch a public consultation with the investment community on Egypt's potential exclusion from its Emerging Markets Index.
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Egypt Central Bank suspends deposit operations, brings back repos
Repos add liquidity to the banking system while deposit auctions drain it.
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‘Egypt possesses no economic vision’
Chairman of the Canadian Chamber of Commerce criticises Egypt’s lack of economic policy.
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Energy-short Egypt faces long, hot summer
The country's budget deficit has widened, the Egyptian pound has weakened, and investors have taken fright.
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Dubai bank ENBD completes purchase of BNP’s Egypt arm
The UAE bank is now awaiting the necessary approvals to buyout the remaining minority shareholders in the Egyptian business.
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Highway linking Sudan and Egypt to be inaugurated in two weeks
Arrangements in Khartoum and Cairo are on the fast track to inaugurate the east Nile highway linking Sudan and Egypt in two weeks.
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Egypt warns Ethiopia over Nile dam
Mohammed Mursi said that Egypt is not calling for war but his country is “ready to defend” its water security.
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Egypt tourism minister to visit Saudi after decision to cut pilgrim numbers
Tourism Minister Hisham Zaazou will visit Saudi Arabia to discuss latter's decision to cut number of pilgrims to Mecca, Medina by 20 percent.
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9 European factories to be opened in Egypt
Egypt's Minister of Industry and Foreign Trade, Hatem Saleh has announced plans to allow nine European firms to open factories in Egypt.
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Egypt FM to Ethiopia for 'life or death' water talks
Foreign Minister Mohammed Kamel Amr will travel to Ethiopia "in the coming days to give the Egyptian point of view" on the project.
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Egypt’s consumer inflation inches up to 8.2% in May
The inflation was pushed up by food prices and a weaker currency, the state statistics agency CAPMAS said on Monday.
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Zaazou: Egyptian tourism sector a "dark horse"
Zaazou said that four million Egyptians work in the tourism sector, around which 70 other industries cluster.