News
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Egypt's gathering economic gloom leaves millions facing food shortages
As post-revolution Egypt faces its worst financial crisis since the 1930s, food insecurity, malnutrition and poverty rates are rising.
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Cemex to invest $100m in Egyptian business
Mexican cement industry giant Cemex has announced that it is investing $100m (EGP: 700m) on upgrading its operations in Egypt.
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Egypt's first sukuk law: A legal overview
The sukuk law's drafting and passing were met with several political hurdles.
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Egypt’s National Bank to fund luxury hotels set to “Go Green”
The National Bank of Egypt committed to spreading loans to businesses that have the desire to change to “renewable energy.”
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Egypt's aviation minister dismisses Cairo Airport workers on strike
15 workers are dismissed and 30 referred to public prosecution for their role in a strike.
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Egypt: Securing energy supplies
A range of gas exploration tenders should bring Egypt billions of dollars in investment this year.
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Egypt holds 7th annual festival to promote traditional crafts
The annual festival of traditional and heritage crafts attracted tourists and residents alike.
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Court convicts nonprofit workers
The NGO-case began in early 2012 during the nearly 17 months of military rule that followed the ouster in the previous year of US ally Hosni Mubarak.
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EFG Hermes best investment bank in Egypt in Euromoney 2013
EFG Hermes maintains its position as Egypt's premier investment bank with another year of resilient performance across all lines of business.
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Lucrative business of arms smuggling
In Sinai and Upper Egypt all sorts of arms have a price tag depending on date of production, country of origin and condition.
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Dubai's Damac to 'reconcile' with Egypt govt within weeks: CEO
Egyptian government will soon sign reconciliation agreement with troubled Dubai-based property developer Damac over lands.
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Egypt blasts US warning over incidents at pyramids
An embassy message earlier this week urged Americans to "elevate their situational awareness" when visiting the pyramids.
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CEMEX Reinforces Commitment to Egypt’s Development
Total investment of approximately U.S.$100 million is expected to significantly enhance CEMEX’s operations in Egypt.
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Egypt converts Qatari $2.5bln to support crisis
Qatar provided the funds as deposits with the central bank to help Egypt control its currency crisis.
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Opinion: Extreme capitalism of the Muslim Brothers
Gilbert Archar: The neoliberal policy of Egypt’s new president Mohamed Morsi looks very much like a continuation of that of Mubarak.
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Turkey protests will not affect business relations: Chamber of Commerce
Egypt’s biggest exports to Turkey include manure, compost, sand, polyethylene, textiles, ready-made clothes, cotton yarn, salt and chemicals.
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Tourists released after being held over porn shoot in Egypt
The suspects were released after police found nothing illegal in the recordings.
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Egyptian customs officials to strike at 8 ports on Tuesday
Customs workers in 8 different locations will strike to demand reform of the customs authority.
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Egypt criticizes US warning over incidents near pyramids
The ministry insists the pyramids' area in Giza, Cairo's twin city, is "totally secure" and that the overall situation for tourists has improved.
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Cigarette smuggling hits Egypt's economy by LE3 billion annually
While taxes and fees on cigarettes have gone up 25 per cent in the last year, smuggling has skyrocketed, a new report has found.