News
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IMF loan will not save economy, says Finance Ministry official
The IMF supports raising consumer taxes on the six products, including cement and soft drinks.
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Egypt aims to double its trade with India in few years
Egypt invited investments in various sectors like energy, biotechnology and nanotechnology.
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Egypt rate decision too close to call
Some economists expect the acceleration in price prices will prompt the central bank to raise interest rates this week.
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Rebirth in Tourism
Tourism in Egypt is robust because of its long history, a promising future and certainly, an uncertain present.
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Bakers become latest victims of Egypt subsidy cuts
Economists warn that restrictions on bread sales could trigger a 'revolution of the hungry'.
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Egyptian president visits India to boost cultural, trade and tourism ties
Egyptian President Mohamed Mursi began his India visit with a ceremonial welcome at the presidential palace in New Delhi on Tuesday.
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Egypt's Shura Council approves issuance of Islamic bonds
Following lengthy debate, upper house of Egypt's parliament approves legislation regulating the issuance of sukuk, or Islamic bonds.
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India, Egypt ink seven pacts after PM holds talks with Morsi
Egypt and India agreed to enhance cooperation in defence and in international forums like UN.
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Lawmakers push to restructure Egypt aid
Five senators - four Republicans and one Democrat - offered separate amendments related to the aid.
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Egypt-Algeria: Business Renaissance wanted
Businessmen are planning on establishing an industrial zone within Algeria in an attempt to create and pursue increased opportunities for investment.
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Election uncertainty to negatively effect Egypt’s economy: Standard Chartered
The low level of reserves is making it harder for the Central Bank of Egypt to manage the exchange rate, Standard Chartered’s report concluded.
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Trade on agenda as Egyptian President Morsi goes to India
Egyptian President Mohamed Morsi arrives Monday on a three-day visit, after a short stopover in Islamabad.
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IMF says talks constructive on possible Egypt aid deal
The IMF has said Egypt needs to take bold, immediate action to address its economic problems and has raised the possibility of stop-gap funding.
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Finance authority will no longer approve global depository receipt acquisitions
New regulations from Egyptian Financial Supervisory Authority will not apply to OCI’s recent deal with OCI NV.
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Egypt moves to help foreign investors repatriate funds
The central bank said it had decided to restart and broaden a mechanism helping foreign investors to repatriate their funds.
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Egypt's court acquits Mubarak's tourism, housing ministers of corruption
The two ministers used to serve under ousted President Hosni Mubarak and were both accused of profiteering.
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Egypt official explains reasons behind WEF tourism report
Ministry of Tourism official report outlines reasons behind Egypt’s fall in travel ranking by World Economic Forum.
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CBE launches initiatives for encouraging Tourism, Industry, Investments
The CBE envisaged an incentive package with the aim of supporting investors on the part of the banking sector.
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Feeling the squeeze - Business in Egypt
The Sawiris family, who are Coptic Christians, have been at odds with Mr Morsi’s Muslim Brotherhood-led government since Egypt's revolution.
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EU: No aid to Egypt unless it promotes reforms
MEPs decided to withhold financial aid from Egypt unless it proceeds with reforms.