Google releases Egypt’s “Year in Search”
Google announced today its annual Year in Search results showcasing the most trending topics Egyptians searched for…
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Egypt’s economic growth rate up to 3.4% in Q1 of 2016/17
Egypt's economic growth rate registered 3.4 percent of the Gross Domestic Product (GDP) in the first quarter of…
Tourism sector halts applying VAT for a year
The tourism sector has obtained a verbal approval from the Ministry of Finance to postpone subjecting it to the…
Egypt’s FDI up 36% in Q1 – CBE
Net foreign direct investments (FDI) in Egypt increased by 36% in the first quarter of the fiscal year 2016-2017,…
Foreign investments in Egypt hit $6.8b in FY2015-16: Ministry
The net volume of foreign investments in Egypt rose by 7.2 percent in financial year 2015-16 to US$6.84 billion…
Uber Egypt says no price hike, no commission till end of January
Uber, the leading ride-hailing app, announced that there would be no price hike and no commission either until…
Qarun Petroleum: $257m-investments to drill 12 wells during Egypt’s FY2016/17
Egypt-based Qarun Petroleum Company approved Thursday new investments of US$257 million among its budget for…
Nile Consumer Complexes eyes sales of $63m in Egypt’s FY2016/17
Egypt-based Nile Consumer Complexes Company targets attaining sales volume of 1.1 billion Egyptian pounds (U$63…
Petroleum product subsidies to hit $5bn in Egypt’s FY2016-17 budget
The total volume of Egyptian subsidy on petroleum products is set to be raised to around 64 billion Egyptian pounds…
Germania airline resumes flights to Sharm El Sheikh
German airline Germania operates its first flight to Sharm El Sheikh today after a year of halting flights to…
2017 will not be the year tourism to Egypt improves: experts
According Russian transport minister Maxim Sokolov, Russia will resume its flights to Egypt in 2017. The minister’s…
Egypt plans raising investments by 19% in FY2017/18 : Qabil
The Egyptian Cabinet plans raising investments in Egyptian market by 19 percent during financial year 2017-18,…
BOJ likely to cut inflation forecasts, wary of easing: sources
The Bank of Japan is likely to slightly cut next fiscal year's inflation forecast in a quarterly review, sources…
Savings Fund deposits jump 14% in FY2015-16: Egypt’s CAPMAS
Deposits in savings fund of Egypt's Postal Authority reached 100.6 billion Egyptian pounds (US$11.3 billion) in…
Egyptian National Cement incurs $13m-losses by end-June
Egypt's National Cement Company (NCC) incurred net losses of 119.9 million Egyptian pounds (US$13.5 million) during…
EgyptAir resumes Luxor-London flights tomorrow
State airline EgyptAir is set to resume flights between Luxor and London tomorrow after a temporary suspension of…
After a year of halt, German flight arrives in Egypt’s Sharm El Sheikh
A German flight arrived in Egypt's Sharm El Sheikh from Frankfurt on Saturday after -a year of suspension- with 170…
Railway system needs one year to show signs of improvement: Egypt’s minister
Egypt's Minister of Transportation Galal Said said Wednesday that Egypt's railway system would take a year to show…
Cairo Oil: 4.9m tonnes of oil refined in FY2015-16 with $8.8mn
Egypt-based Cairo Oil Refining Company (CORC) has refined around 4.9 million tonnes of oil during financial year…
Holding Land Transport attains revenues of $563mn in Egypt’s FY2015-16
Egyptian Holding Company for Maritime and Land Transport attained revenues estimated at more than 5 billion…
Petrobel hikes gas production to 1bn ft3/d in FY2015-16
Egyptian Balaeim Petroleum Co- Petrobel has succeeded to produce more than one billion cubic feet of gas per day…
Egyptian Al-Ahram Consumer Complexes to inject $7.3mn in FY2016-17
Egypt's Al Ahram for Consumer Complexes Company targets injecting investments of 65 million Egyptian pounds (US$7.3…
Alex Markets Consumer Complexes to invest EGP12mn in FY2016-17
Egypt-based Alexandria for Consumer Complexes Company-Alex Markets plans injecting investments of 12 million…
Petrobel: executed investments in Egypt hit $948mn during FY2015-16
Egypt-based Balaeim Petroleum Co- Petrobel has injected large investments of US$948 million in oil and gas…
Red Sea Ports attains revenues of 1.2bn Egyptian pounds in FY2015-16
Egyptian Red Sea Ports Authority (RSPA) attained revenues estimated at 1.2 billion Egyptian pounds (US$135.1…
Egyptian Wholesale Trade Company attains $901mn-sales in FY2015-16
Egyptian Company for Wholesale Trade achieved sales volume of 8 billion Egyptian pounds (US$901 million) during…
Egypt-based Al Ahram Consumer Complexes to pump $7mn-investments in FY2016/17
Egypt-based Al Ahram for Consumer Complexes company targets injecting investments estimated at 65 million Egyptian…
Kiwi hits 1-year high after RBNZ rate cut falls short of expectations
The New Zealand dollar surged to its highest level in more than a year on Thursday after the Reserve Bank of New…
Executed investments in Egypt hit $10bn in Q3 of FY2015/16- planning ministry
The total volume of investments executed in Egyptian market during the third quarter of fiscal year 2015-16 rose by…
Court rejects motion to overturn Egyptian novelist Ahmed Naji’s 2-year sentence
A Cairo court on Sunday ruled against a request to overturn the two year prison sentence handed down to novelist…
6.1M tourists visited Egypt during first ten months of FY2015/16- CBE
The number of tourists visited Egypt during the first ten months of fiscal year 2015-16 recorded 6.1 million, with…
Trade ministry plans boosting Egypt leather exports to US$1bn annually
Exports of Egyptian leather sector are expected to reach US$1 billion per years after completing Al Robeky zone for…
China’s June exports fall 4.8% , more than forecast
China's June exports fell by a more-than-expected 4.8 percent from a year earlier, while imports declined 8.4…
New Czech c.banker sees wage growth enabling end of currency floor in 2017
Czech wage growth will accelerate into next year, pushing up prices and allowing the currency to be unpegged from…
Egypt’s ten-month automotive imports reached $4bn
Egyptian automotive imports hiked by 35 percent during the first ten months of fiscal year 2015-16, recent reports…
Egyptian Airports Holding Company eyes $774mn-revenues in FY2016-17
Egyptian Holding Company for Airports and Air Navigation (EHCAAN) eyes achieving revenues of 6.8 billion Egyptian…
U.S. auto sales growth falls short of estimates
The pace of U.S. auto sales slowed in June compared to a year ago, as slumping sales of sedans offset strong demand…
Industrial production of Egypt’s public enterprises hit $16bn in FY2014/15- CAPMAS
The annual industrial production of public sector enterprises recorded 140.8 billion Egyptian pounds (US$15.9…
Mitsubishi Motors sees annual net loss due to mileage scandal
Mitsubishi Motors Corp (7211.T) expects to post a net loss for the current financial year over its mileage cheating…
NUCA allocates $45million for Egypt’s Sheikh Zayed City in FY 2016/2017
Egypt’s New Urban Communities Authority (NUCA) allocated 400 million Egyptian pounds ($45million) in favour of…