News
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Egypt to apply gains tax in QNB bid for NSGB
QNB had said in December it planned to buy the 77 percent of NSGB held by its French parent Societe Generale .
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Investors in Egypt: Who's hot, who's not
A survey on the most popular investors in Egypt conducted by Omar Aysha.
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Libya denies depositing $2 bn in Egypt's central bank
Libyan senior official denies reports that the state will be giving Egypt $2 billion.
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Libya to give Egypt US$2 bn; Egypt to extradite ex-officials
The Libyan government has agreed to provide Egypt 1 million barrels of oil per month to be refined in Egypt.
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Egyptian tomb raiders persist under poor economy
Archaeologists say the elimination of Mubarak's police services left a security vacuum and an open invitation to trespass without fear of reprisal.
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Egypt raises customs on luxury imports
Morsi's decree issued late Sunday raises tariffs on a wide range of luxury goods including shrimp, gambling tables, sunglasses, nuts, and fireworks.
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Al-Beltagi: Real risk to Egypt’s economy is exodus of investors
“The country’s recent stock market losses were the result of political decisions,” he also said.
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Standard Chartered seeks Egypt acquisition, plans Iraq push
Egypt is in a transition towards a more stable economic and political system, making investment attractive from a long-term perspective.
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OCI to pay $1bn in reconciliation with Egypt's tax authority: minister
Orascom Construction Industries agrees to pay LE7.1 billion to end its tax dispute with the government, says Minister of Finance.
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Wheat adds to Egypt’s growing economic woes
The three main rating agencies have downgraded Egypt’s economic performance describing the outlook as ‘negative.’
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Egypt's economy close to faltering, negative impacts on IMF loan
Moody's new credit rating indicates that the political situation in Egypt is not stable.
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OCI tax debacle in Egypt stokes concern over who’s next
Egypt aims to “take more measures to improve the investment environment” by developing the legislative framework.
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Israeli, Norwegian tourists feared abducted in Egypt
An Israeli man and a Norwegian woman went missing in Egypt's Sinai Peninsula on Friday and are suspected to have been kidnapped, officials said.
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Central Bank raises rates to curb inflation, support pound
The Central Bank opted to tackle the sharp rise in inflation, which is eating into Egyptians' living standards, and to support the pound.
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PayPal launching in Lebanon and Egypt
Though the prevalence of cash-on-delivery in the Middle East delayed the rollout of PayPal in the MENA region, the trend now appears to be shifting.
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Libya refuses Egypt entry into market
Despite the surging interest, Libya continues to close its door to foreign banks on the basis that the legal framework is still under preparation.
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Egypt unveils economic plan
The growth rate for individual incomes is expected to rise to 2.1 percent in the next fiscal year.
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Shippers consider alternatives to Suez as Egypt hikes tolls
The Suez Canal Authority (SCA) plans to raise tolls by 2 to 5 percent from May 1, having already raised them 3 percent in March 2012.
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Charter flights between Egypt and Iran expected soon: Minister
Civil Aviation Minister Wael El-Maadawy says flights between Upper Egypt and Iran will begin soon; ban on hot air balloon flights will be lifted.
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Egypt should be India's gateway to Africa'
India should look at Egypt as its gateway to Africa, Osama Saleh, Egypt's Minister of Investment, said here.