News
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Railway plans on track
The Egyptian government may look to spend up to LE45bn ($6.68bn) on upgrading the national railway network.
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Prime Minister: IMF praises our plan for recovering economy
Qandil said that the IMF delegation will be invited during this month to resume the negotiations on the IMF loan which hit $ 4.8 billion.
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Moody's downgrades five Egyptian banks
Credit rating agency downgrades five Egyptian banks for the second time in less than three months.
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Egypt President to learn diplomatic etiquettes
The grave protocol mistakes Mursi made were the main topic for a famous satirical show watched by millions both inside and outside Egypt.
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Turkish Airlines adds Red Sea resorts to their destinations
Turkish Airlines’s recent addition of Hurghada and Sharm El-Sheikh as new flight destinations is a good example of faith in Egypt.
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Morsi revives bridge project to connect Egypt and Saudi Arabia
The Saudi Binladin Group has given its final approval to a project to build a 33-kilometer-long bridge.
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Suez Canal revenue drops due to political violence
Experts attribute the decline in receipts to last month's outbreaks of political violence in Egypt's canal cities.
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Siemens will support development of Egypt's railways
Siemens Egypt plans to overhaul Egypt's outdated railway system and contribute to other sectors, once the political situation stabilises.
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Egypt Islamist elite woos Mubarak tycoons as Mursi seeks funds
If they came home, the Mubarak-era tycoons would find a country in a state of political paralysis and economic decay.
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Diesel shortage pushes Egyptians to the brink
The situation appears near breakdown with growing shortages, unsustainable subsidies and foreign exchange reserves running out.
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Egypt cut for fifth time by Moody’s on political unrest
Egypt’s credit rating was lowered by one level to B3, New York-based Moody’s said today, putting it on par with Ukraine, Argentina and Nicaragua.
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Egypt, Turkey sign tourism partnership agreement
Egypt's Federation of Tourism Chambers and the Association of Turkish Travel Agencies sign partnership agreement to boost tourism.
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‘No attempt on my life’: Egypt’s Central Bank Governor
Hisham Ramez spoke to Al Arabiya saying “the armed attack was for the purpose of robbery, not assassination.”
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Twitter introduces pay-by-tweet service
Twitter users will be able to pay for products with tweets by using a new American Express payment system integrated onto the microblogging site.
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Dhunseri to start 1st phase of INR 9bn petrochemical plant in July
Kolkata-headquartered Dhunseri Petrochem and Tea Ltd plans to take its downstream petrochemicals facility in Egypt on stream by July this year.
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New times for entrepreneurs in the Middle East
The uprisings in the Middle East have created an increased awareness among the youth in the region that they need to shape their own future.
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UAE to participate in Arab Media Tourism Forum in Egypt
The UAE is participating in the 5th edition of “Arab Media Tourism Forum” in Cairo later this month.
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Incentives to attract companies away from the grey economy
Ministry of Investment uses incentives to divert grey economy into formal economy.
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Egypt and energy: It's no time for investors to bail
Against the backdrop of political unrest, tensions simmer as fuel shortages have people lining up for hours outside gas stations.
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U.S. says Egypt needs to move fast to fix economy
U.S. Ambassador Ann Patterson said Egypt's government and opposition must stop ignoring economic problems and work together to fix them.