News
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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.
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Saudi and Egypt sign $1.6 billion deal to link power grids
Egypt's electricity minister Ahmed Moustafa Emam said the linkage is expected to take 24-30 months to complete.
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Cadbury abuses worker rights in Egypt, Tunisia, unions say
Management told its some 300 workers in July 2012 that the plant would not provide a government-decreed 15 percent pay rise.
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Italy-Egypt business forum aims to raise investor confidence
Egypt showcased its economic potential to Italian enterprises at the Italy-Egypt Business Forum held Friday in Rome.
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6 Mexican tourists killed in Egypt bus accident
The bus was carrying Mexican tourists from the peninsula's Saint Catherine's monastery to the Red Sea resort of Dahab.
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Minister calls on Saudis to visit Egypt for summer holidays
Egyptian tourism minister says the country is safe for tourism.
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Egyptian central bank 'unaware' of Islamic bonds programme
In an ijara one party leases a specific asset to a client for an agreed rental price, but cannot charge interest on defaulted or delayed payments.
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Government conducts search and seizure campaign on unsafe bottled water
Consumer Protection Agency warns that 7 brands of bottled water did not receive proper authorisation for production.
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Egypt drags its feet in privatization tussle
A ruling, made in 2011, ordered the then government to repurchase textile company Tanta Flax and Oils from the Saudi Arabian investor.
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Egypt military budget allocations to reach LE31 bn in 2013/14: Source
Budget allocation for Egyptian Armed Forces is set to increase by whopping LE3.4 billion in 2013/14, military source tells Ahram Online.
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Egypt's Suez Canal won't fall into foreign hands, says official
Some fear that foreign financial assistance could see the Egyptians lose control of the canal.