News
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Kerry presses Egypt over reform
Kerry met Egyptian President Mohamed Mursi for about an hour on the sidelines of an African Union summit.
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China parents apologise after teen's Egypt graffiti exposed
The parents of a Chinese teenager exposed and condemned by internet users for vandalising ancient Egyptian artwork have apologised, reports say.
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Egypt: From energy exporter to energy basket case
Egyptians are suffering through their worst energy crisis in years, with citizens getting increasingly angry and impatient.
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Egyptian tourism companies plan to tap into Iranian market
Allowing politics to interfere could cause the tourism industry to suffer substantial losses, says Tourism Minister Zaazou.
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EasyJet's Egypt deal remains up in the air
High-flying UK budget airline wants to bring tourists to Cairo, but a deal reached in 2010 has taken a nosedive.
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Qatar third in sending Arab tourists to Egypt
Arab tourists spent 7.4 million nights in Egypt in 2012, and their average spending per night was $83.7.
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UAE's $3bn aid for Egypt 'will take time': Dubai finance minister
An Emirates $3 billion aid package pledged to Egypt in 2011 is yet to be transferred.
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CIB ranked Egypt most efficient bank
Performance indicators also show that the Egyptian Gulf Bank achieved the fastest growth.
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Sawiris to buy MTS fiber network in new Canada push
Sawiris's Orascom Telecom was the main financial backer of upstart Wind Mobile.
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Egyptians launch campaigns against paying electricity bills amid power crisis
Several campaigns urge Egyptians not to pay electricity bills, further complicating Egypt's power problems by decreasing revenues.
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Egypt plans to issue sukuk in early 2014
The Egyptian parliament signed off on a sukuk law in March this year after more than a year of deliberations.
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Egypt to boost fuel supply to ease power shortages
The government has set aside $200 million to finance additional petroleum products.
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Oppenheimer tells Apache to sell its Egypt assets
Apache is one of Egypt’s largest acreage holders, controlling 9.7 million gross acres in the country’s Western Desert.
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Tourism in Egypt: Hope amid a slow recovery
The World Economic Forum has just declared Egypt one of the most dangerous places for tourists.
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Egypt bank releases $800 million for vital imports
Egypt’s currency went down more than 10 percent over the last six months.
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Egypt factories, hit by subsidy cuts, highlight Cairo’s fiscal dilemma
Cement and brickmakers have been the first industries to be hit by reforms this year.
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Egyptian firm wins $150m Islamic loan
The Maridive loan is considered one of the largest in the country's challenging banking sector.
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Egypt's EFG Hermes says net profit jumps 27% in Q1/2013
EFG-Hermes stocks rose 0.6% after seeing net profit of $14 mn in first quarter of 2013.
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Egypt budget gap worrying: IMF official
Negotiations with the IMF have stumbled repeatedly over the Islamist-led government’s resistance to the austerity measures needed.
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Chevron nears sale of Egypt, Pakistan downstream assets: Sources
Chevron is conducting separate sale processes for its assets in both countries, the sources said.