News
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Egypt's foreign reserves rise after Qatar deposit
The central bank has implemented a new regime for buying and selling foreign currency and currency controls to try to stem a fall in reserves.
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Egyptian economy: Sputtering, but restarting
Egypt has begun pulling in funds to jumpstart its economy, which was sputtering badly at the end of 2012.
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Egypt, Saudi Arabia work to advance trade, investment
Riyadh and Cairo have been holding intensive meetings to advance economic relations and increase trade between the two countries.
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Bill Gates, U.S. investors commit $1 billion for stake in Egypt's OCI
OCI NV is a wholly owned subsidiary of OCI SAE and the umbrella for OCI's international operations.
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Technology at the heart of Egypt’s growth plan
Technology, more specifically the Internet, was at the forefront of key developments that characterised the revolution.
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$388m IDB loans to boost Egypt economy
The Islamic Development Bank will give $250 million to finance an electricity station in the country’s south, an official statement said.
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McCain ‘disapproves’ of Morsi comments about Jews but will push for aid
Despite an uproar in Washington over Morsi's remarks, McCain said he and other congressmen will press for more aid to Egypt’s ailing economy.
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Egypt approves law to issue sovereign Islamic bonds
Despite the AlAzhar institution announcing that 'Sukuk' do not comply with religious standards, the government approved the project.
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Egypt's tourism industry needs constitutional protection says minister
Minister of Tourism Hisham Zazou is calling for tourism to be included in Article 17 of the country’s recently approved constitution.
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Qatar renews its support for Egypt’s turbulent economy
Qatar’s Prime Minister, Sheik Hamad bin Jassim al-Thani, said his country will loan Cairo an additional $2-billion and transfer another $500-million.
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Morsy pursues reconciliation with business
A presidential message was sent out to Egyptian businessmen during a CI Capital conference in London.
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Arab Spring makes region $225 bln poorer
While the importance of economic issues in the Arab Spring is disputed, financial frustrations certainly fanned discontent.
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For Egypt's battered economy, a struggle for grip
It is not a secret that economically, the North African country has struggled with the Egyptian pound losing value against the American dollar.
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Egypt's deputy central bank governor quits
The bank said the Tuesday resignation of Lobna Helal, the first woman to serve as deputy central bank governor, takes effect Jan. 31.
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Mubarak's new trial could answer a key question
Who ordered and who shot the demonstrators? The answers could complicate the Morsi's efforts to stabilize Egypt and deal with its economic woes
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Egypt resumes Qatar fuel shipments to Gaza
Four trucks then crossed into the Gaza Strip, Sunday, and the other six on Monday.
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Egypt's Tourism gets back on its feet at Rouqayah's Ranch
The ranch offers short and long treks, as well as hotel standards- a swimming pool, internet, and a kitted villa.
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EU offers Egypt 5 bn euros to support economy, democratic transition
EU President Herman Van Rompuy unveils 5-billion-euro offer to Egypt to shore up ailing economy and support democratic transition.
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Orange launches Chinese browser in Egypt
France Telecom Orange’s Mobinil is first to launch browser from China’s Baidu in exclusive deal for Africa.
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Egypt recovers $150 million from Mubarak era figures
The procedure is a new vision adopted by the prosecution to recover funds stolen and smuggled by a number of the former regime figures.