News
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Egypt plans to reoperate the legendary Nasr car production company
Car manufacturing giant which rolled 'Fiat' on Egyptian streets for decades to re-operate under the auspices of the ministry of military production.
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Black Market Dollars put Egyptian economy on alert: Currencies
The pound has weakened 5.3 percent in 2013, making it the world’s third-worst performer after the Malawian kwacha and the yen.
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Egypt announces government e-services breakthrough
The MoU will pave the way for a move to an electronic system to manage government daily work will make a breakthrough in the public services.
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Tech experts brush off YouTube ban
Google said the company had “received nothing from the judge or government related to this matter.”
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Egypt’s deadly turmoil slows European bank divestments
For investment bankers on the hunt for fees, it threatens to be a lengthy wait for deal making to revive.
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Egypt bans licensing for liquor stores in new cities
VP of New Urban Communities Authority said that they had the right to terminate any activity that disturbs society in new cities.
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Canadian-Qatari business cooperation in Egypt
The agreement aims at exchanging economic and commercial information and granting access to economic laws, regulations and new amendments.
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YouTube banned for month in Egypt
An Egyptian court banished YouTube for a month after the website refused to take down a video considered anti-Islamic.
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Morsi, Gul agree to increase trade exchange to $10 billion
Morsi also called on Turkish businessmen to make use of the incentives and opportunities provided by the Egyptian market.
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Foreign investors steady Egypt’s index, Gulf markets mixed
An unstable political situation in Egypt and a deteriorating economy is weighing on local investor confidence.
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Protests turn to street clashes across Egypt
The protests are part of a wave of opposition-led demonstrations over the past two weeks that have frequently devolved into street clashes.
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Egypt to use ICT to boost sport
Ministers agreed to use ICT to enhance the operations and management of the Sports Ministry.
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Egypt, Turkey to establish joint chamber of commerce: Morsi
Morsi encouraged economic and business cooperation between Egypt and Turkey, urging businessmen to benefit from incentives and facilitation.
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Crédit Agricole Egypt reshuffles board of directors
Thierry Simon was appointed a member of the board representing Crédit Agricole CIB France, following Bertrand Levêque.
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Egypt: Banks attracting Gulf investors
Two recently announced acquisitions have brought the banking sector back into the headlines on a positive note.
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Egypt's tourism minister: Webcams will prove we're safe
Egypt's tourism minister plans to install live webcams in holiday hotspots to prove the country's industry remains healthy.
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Iran to let in Egyptians without visas
Iran Foreign Minister said relations between the two countries, who broke ties in 1979, were improving "every day".
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Iran's Ahmadinejad seeks strategic axis with Egypt
Ahmadinejad said he had offered the cash-strapped Arab state a loan, but drew a cool response.
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Hisham Ramez calls for lifting ban on traveling with $10,000 to Egypt
Ramez met with the leaders of banks yesterday to discuss financing small and medium enterprises in the local market.
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Eni makes new oil discovery in Egypt
Two wells will be drilled in 2013 and production from each is estimated at 2,000 barrels of oil per day, Eni said.