News
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Tourism Minister forms panel to Eliminate Road Accidents
The move comes immediately after a tragic accident of a mini-bus which overturned Saturday on Aswan's highway, killing a Chinese tourist.
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Gulf Business magazine names top 100 in Arab region
Emir Walid bin Talal bin Abd al-Aziz Saud, president of the Kingdom Holding Company, was named the most influential person of the year.
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Egypt sets limits on share transfers of local stocks
OCI CEO banned from travel in tax evasion probe and analyst sees link between ruling and share transfer deal.
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Islamic bonds not meaning privatization: finance minister
Hegazy said "sukuk project does not mean privatization", explaining that it starts as something private then it turns into public ownership.
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After meeting Morsi, Kerry releases immediate aid to Egypt
Secretary of State John F. Kerry released $250 million in badly needed economic assistance for Egypt on Sunday.
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Egypt bars OCI chief from leaving country: state media
The public prosecutor ordered that OCI CEO Nassef Sawiris and his father Onsi Sawiris be barred from travel, the state news agency MENA said.
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MB wants its 'Harlem Shake' video removed
In the video al-Mogheer and others wear "masks" with the faces of opposition group National Salvation Front.
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Egypt won't rent Pyramids to foreign firms -minister
Antiquities ministry rejects finance ministry proposal to rent Egypt's famous archaeological sites to international tourism companies.
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Luxor balloon explosion not affecting tourism
A hot balloon carrying 21 people caught fire and exploded in Luxor city on Tuesday, killing 19 tourists and injuring the other two.
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Egyptian gas stations prepare for rationing
The plan aims "to rationalise subsidies and petroleum product consumption by limiting the quantity distributed on the markets".
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Egyptian hot-air balloonists mainly not well trained, expert claims
Luxor crash prompts warning from flying club chair Phil Dunnington on failure by authorities to assess pilot skills.
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Egypt economy must 'get back on its feet': Kerry
Kerry said he would discuss with Morsi on Sunday ways in which the United States could help Egypt recover from its economic crisis.
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The Egyptian Pound, a troubled currency, gets pounded
The emergence of an unregulated currency market shows that Egyptians’ faith in the country’s pound is weakening.
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Stand-off at with port workers strike at heart of Egyptian economy
More than 1,000 independent unions are colliding with an Islamist government that has been unable to arrest the economy's deterioration.
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Cash-strapped Egypt considers offering pyramids, other monuments for rent
Rumors about the proposal, which some described as preposterous, have circulated online for weeks.
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Egypt invites IMF delegation in March to resume talks on $4.8 billion loan
The government will present the delegation with changes to its economic reform program.
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Egypt's President Morsi reinstates Port Said's duty-free zone
In hopes of appeasing popular anger in restive canal city, President Morsi on Thursday approves restoration of Port Said's duty-free zone.
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Stock market experts slam new taxes
The tax on transactions will have a ‘disastrous’ effect on an already suffering market, they say.
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Egypt approves law allowing Islamic bonds
An earlier version of the sukuk law had been criticised by Islamic scholars, forcing a rethink.
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Egypt losing $15 million a day due to unrest
Egypt lost one billion pounds of tax revenues because of the unrest, yet the time when the losses occurred was not specified.