News
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Egypt signs $190 mn US grant to support budget
Egypt has signed an agreement on US aid worth $190 million, with US Ambassador in Cairo Anne Patterson in attendance.
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Social media on rise in oppressed regimes
Dr. Bassem Youssef's journey to becoming the 'Jon Stewart of Egypt' began eight weeks after Egyptian dictator Hosni Mubarak fell from power.
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Egypt, Tunisia strive to woo back tourists
Leading tourism officials from Tunisia and Egypt were keen to stress at the ITB Berlin tourism fair that their destinations are safe.
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Egypt's urban inflation jumps due to pound's slide
The rate jumped from an annual 6.3 percent in January, putting inflation at the highest since May last year.
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Opinion: Use aid for democracy, not economics, in Egypt
American Pulitzer Prize-winning syndicated columnist Charles Krauthammer says America has no stake in Egypt’s economy, but in its politics.
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Egyptian Prime Minister visits Iraq: Business, not friendship
Qandil signed agreements with the Iraqi government in the field of energy and Egyptian companies won several development projects in Iraq.
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Why Egypt's survival depends on Western investment
With so much strategic importance Senator Weber says the U.S., and the West, can't afford to let Egypt collapse.
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Turkish discount retailer BIM to expand into Egypt
Turkish discount supermarket BIM is set to enter the Egyptian market, expanding its current presence in Morocco and Turkey.
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Egypt 'kidnapping': Two British tourists are freed
Security in the isolated desert region has deteriorated since the overthrow of President Hosni Mubarak two years ago.
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Egypt Air set to cancel two weekly flights to New York
Company officials stated that flights leaving on Mondays and Wednesdays would be cancelled until the demand for flights picks up.
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Egypt shies away from economic overhauls
The government has been working for months on a package of revenue increases, including a sales tax, and sharp cuts in subsidies.
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Egypt's politics put economy at risk
An Egyptian administrative court said Wednesday it was referring an election law to a constitutional court for review.
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Egypt opposition wary of US financial overtures
As Egypt heads toward economic crisis, Washington has begun releasing long-stalled financial aid.
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Hong Kong aviation officials left out of Egypt crash probe
Egyptian authorities have turned down a request from the Hong Kong government to help investigate the hot-air balloon crash.
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'My family is targeted by Brotherhood': Sawiris
Naguib Sawiris claims Egypt's Muslim Brotherhood is targeting his family and criticises the current government of 'distorting the legal system'.
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Analysis: Egypt is in for trouble with or without the IMF
In return for a lifeline, the International Monetary Fund will demand reform of a subsidy system that long ago became unaffordable.
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Italian Alpitour doubling Egypt investments
Italian tourism operator Alpitour SpA is doubling its investments in Egypt in spite of the country's political turmoil, say company officials.
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Egypt's Palm Hills signs LE400mn construction contract with OCI
Orascom Construction Industries is to begin the construction process on a 2 million square metre contract with financially-troubled Palm Hills.
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Stock market bleeds over political chaos, travel ban on business tycoons
Egyptian financial experts believe that the travel ban on Sawiris family created a state of panic among Arab and foreign businessmen.
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Egypt's TMG 2012 net profits dip to $81 mln
Talaat Moustafa posted a net profit of 545.73 million Egyptian pounds ($80.96 million) in 2012 compared with 577.51 million pounds a year earlier.