News
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KSA and Egypt to become top private equity destinations
According to experts from Ernst & Young, Saudi Arabia and Egypt are poised to become MENA’s most attractive PE destinations.
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Egypt plans tender for gas imports, says minister
Egypt, itself a gas producer and exporter, said in October it had agreed to import gas from Algeria and was in talks with Qatar for a similar deal.
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Hisham Ramez appointed Egypt central bank governor
Egypt's cabinet on Saturday denied a report that central bank governor El Okdah had resigned, Reuters reported.
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Political crisis pains Egyptian tourism
Last year the number of visitors to Egypt dropped to 10.2 million, down 32 per cent from 2010.
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Emirates NBD to purchase BNP Paribas Egypt for $500 million
Emirates NBD and BNP Paribas they have signed a definitive agreement whereby BNP will sell its entire 95.2 per cent stake in BNP Egypt to NBD.
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Egypt to resume natural gas flow to Jordan
Natural gas flow will resume flowing from Egypt to Jordan, says Jordan's Prime Minister Abdullah Ensour.
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Gulf capital hungry for Egypt banks
There are perils aplenty for prospective investors, but post-revolution Egypt is enjoying a gold rush for acquisitions of local businesses.
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Circle Oil secures $12.5m to fund operations in Egypt
The two-year facility is secured primarily on some of Circle’s receivables from the Egyptian General Petroleum Company.
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Samsung displaces Nokia as top seller
Samsung has ousted Nokia from the top rank of worldwide mobile handset shipments for 2012 after the latter had held this position for 14 years.
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2013 looks set to be a tough year for Egypt's economy
In the past two weeks, the Egyptian pound lost some 1.5 per cent of its value versus the dollar, reaching LE6.15 to the dollar.
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Egyptian economy caught in a political bind
The government has been caught between recognizing the need for strict economic overhauls and simultaneously fearing a public backlash.
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Impact investing is key to inclusive development in Egypt
Impact investing drives capital directly to the sectors and enterprises that naturally address social and environmental issues.
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Scientists warn of Egypt's 'Arabisation'
The Arabisation of education, science and knowledge would isolate Egypt from global scientific progress.
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Egypt tourism ministry reassures international travellers
There were protests in Cairo and other locations last week ahead of a planned referendum to ratify a new constitution.
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FDA lends €430mn to Egypt during 2012
French Development Agency seeks to support the sectors of employment and the private sector in Egypt.
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Egypt's economic winter
Morsi's power grab has made headlines, but the world's most populous Arab country has even bigger problems on its hands.
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Egypt debt costs reflect political woe
Egypt's credit default swaps increased 79 basis points to 486 during the biggest and most violent clashes since Mr Morsi was elected into office.
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Egypt’s Prosecutor General submits resignation
Talaat Ibrahim Abdallah, who resigned yesterday, was asked to submit the resignation to the council on the meeting next Sunday.
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Egypt fuel bill reflects spiraling energy crisis
Political and social unrest is making suppliers and creditors nervous about financing Egypt, forcing it to rely more on sales of crude.
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ENBD may win BNP's Egypt retail business
The sale attracted interest among large regional lenders including ENBD and Morocco's Attijariwafabank.