A “supergiant” gas field has been discovered off the Egyptian coast, the Italian energy company Eni announced Sunday — the largest such discovery ever made in the Mediterranean. The field,…
The benchmark EGX30 index rallied by 2.99 percent Thursday to close the week at 7,079 points. The rise in Egypt's market came…
The Trade Ministry has banned rice exports beginning September 1. According to a statement from Trade Minister Mounir Fakhry Abdel Nour, the decision…
Egypt’s stock market, once one of the country’s economic success stories, has been sliding for the past two weeks. After closing 2014 as one of the world’s best performing equity…
Egypt’s trade deficit reached LE25.4 billion in May, up by 28.7 percent compared to the same month last year, the state statistics…
Egypt has officially lowered its income tax rate for individuals and companies from 25 percent to 22.5 percent, scrapped an added 5…
Two companies owned by the Sawiris family agreed last week to settle alleged violations of the Clean Water Act by paying a…
Egypt’s cotton industry has been subject to a dizzying series of policy shifts this year, leaving both farmers and manufacturers concerned about the future of the fabled crop. The year…
Egypt has the fifth riskiest sovereign debt in the world, according to the Bank of America’s Transforming World Atlas released earlier this…
The official unemployment rate fell to 12.7 percent in the second quarter of 2015, down from 12.8 percent last quarter. This is…
Credit rating agency Moody’s said in a Thursday statement that the newly opened Suez Canal expansion will likely boost Egypt’s credit quality…
President Abdel Fattah al-Sisi issued a decree on Tuesday designating the Suez Canal area, which includes surrounding governorates, a “special economic zone,” in a…
Enthusiasm over the launch of three initial public offerings (IPOs) on Egypt’s market this year has been relatively dampened by the disappointing performance of the most recently floated Emaar Misr…
The annual headline inflation dropped to 8.38 percent in July, after recording 11.39 percent in June. The rate is the lowest since…
The stock market's downward trend continued on Sunday, despite the air of positivity officials tried to induce with last week's opening of…
President Abdel Fattah al-Sisi omitted to mention the 10 workers who died and 145 who were injured while working on the New Suez Canal project from August 2014 to August 2015.…
Egypt’s foreign reserves fell to US$18.53 billion in July, dropping by 7.7 percent from US$20.05 billion at the end of June. The…
A full-page ad running in most local newspapers today reveals the list of companies sponsoring the lavish festivities marking the official canal.…
All eyes are on Egypt for the opening of what has been dubbed the “New Suez Canal.” Critics have already suggested the plan seems a tad ambitious and overwhelming, but…
Business conditions worsened in July, according to a survey of Egypt’s non-oil private sector. The country’s Purchasing Manager’s Index slipped to 49.2…
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