News
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Egypt's mobile phone companies referred to prosecutors
Egypt's antitrust watchdog says Mobinil and Etisalat have not been cooperating with an investigation into the companies.
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Luxor balloon crash a new blow to battered Egypt tourism
Residents and tour industry professionals fear that the accident will keep more tourists away, as Egypt struggles to revive the industry.
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Egypt to send economic plan to parliament in days
Asked when Egypt planned to invite an IMF delegation to resume talks on a $4.8 billion loan, Hegazy said: "I think within 10 days to two weeks."
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EFG-Hermes says Egypt unrest no bar to lower yields
The yield on one-year Egyptian pound Treasury bills is poised to decline another 25 basis points in the coming month.
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Egypt c.bank reviewing methods to buoy up tourism sector
Current priorities are to boost the Egyptian economy and face the foreign currency reserve shortage.
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Egypt reform plan targets recovery in forex reserves
The revised programme is vital for resuming negotiations with the IMF on a $4.8 billion loan to keep the Egyptian economy afloat.
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Egypt balloon crash kills 19 Asian, European tourists
One tourist and the pilot had survived the crash, which followed the blast at 1,000 feet.
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Army officers face investigation for assaulting HSBC employees
The bank’s spokesperson could not provide details but said the matter was currently under investigation by the authorities.
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Stock market loses LE5.2 bn amid political uncertainty
The main stock index, EGX 30, went down 0.84 percent, while EGX 70 went down 0.51 percent.
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MEA spending on IT facilities to reach $4b in '13: Gartner
IT infrastructure growth in Middle East will be driven by data center consolidation coupled with new data centre build outs.
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Egypt car sales up in January
Egyptians bought 43 per cent more cars in January 2013 compared to the same month of 2012; producers and distributors remain cautious.
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Egypt seeks tourism boost after Ahmadinejad visit
Zaazou will visit the Iranian capital from Monday under a drive "to restore tourism activity into Egypt and discover new and diverse markets".
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Egypt's Nomani expects sharply higher local wheat crop
Nomani Nomani, adviser to Egypt's supply minister, said, that the higher local wheat production was due to incentives offered to farmers.
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Egypt rate of forex reserve fall could slow: report
The rate of decline in Egypt's foreign reserves could fall next month, Central Bank Governor Hisham Ramez was quoted as saying on Sunday.
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Major Russian gas producer exits Egypt
Political instability in Egypt scares away Russia's second-largest natural gas producer.
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Egypt's Morsi moves elections earlier
Egypt's President Mohammed Morsi has moved the start of the country's parliamentary elections ahead by five days.
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Egypt's President calls for parliamentary elections
Mursi announced that the vote will take place in four stages due to a shortage of election supervisors. The new parliament will convene on July 6.
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Egypt 'spent £1.7m on teargas' amid economic crisis
Activists condemn government's purchase of 140,000 canisters at a time when foreign reserves are at critical low and IMF loan is delayed.
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Opposition group enters Morsi for chance to win trip into space
An Egyptian opposition group is using a novel way to protest against President Mohammed Morsi: Sign him up for a chance to win a trip to space.
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Egypt signs debt deals with Petronas, BG Group
Egyptian Prime Minister Hisham Kandil met with a delegation from American energy company Apache and BG Group.