The state-owned Egyptian Natural Gas Holding Company (EGAS) has chosen Norwegian-Singaporean firm BW Gas to provide Egypt with a floating natural gas…
Egypt has been bombarded with a constant stream of messages this week about the miracles the New Suez Canal will bring. Not all of these messages hold up to scrutiny.…
Oil Minister Sherif Ismail said Egypt’s petroleum sector has no objections to importing crude oil from Iran, the state-owned daily Al-Ahram newspaper…
The Ministry of Petroleum has created an action plan it says will relieve shortages of cooking gas cylinders in time for next…
As Egypt’s mounting security challenges and draconian legislative measures dominate headlines, the growth of gross domestic product (GDP) represents a rare bright spot the government can point to as a…
Tourism was up 16.5 percent year-on-year in May, with Egypt receiving 894,600 foreign visitors during the month, compared to 867,200 in the same…
The Supreme Administrative Court ruled against another four workers on Saturday, permanently dismissing them from their jobs and forcing them into early…
The second quarter of 2015 has witnessed a nationwide total of 385 labor protests, according to figures compiled by the independent Mahrousa Center for Socioeconomic…
Egypt’s office of the public prosecutor announced Wednesday that it has recovered around LE12.6 billion and US$73 million in assets from tax…
Egypt will form an official committee to investigate the possible impacts on Egypt of the Transatlantic Trade and Investment Partnership, or TTIP.…
With imports up and exports down, Egypt’s trade deficit widened to LE24.6 billion in April, up 52.7 percent compared to the same…
In the absence of a parliament or an alternative forum for public debate, few details were known about Egypt’s 2015/16 budget until it was already in effect. In what…
Despite fears of Ramadan price hikes, montlhy headline consumer price inflation declined by 0.7 percent in June, according to calculations by Egypt’s…
Eleven months into the 2014/15 fiscal year, Egypt’s budget deficit hit 10.8 percent of GDP, the Finance Ministry reports. Earlier this month,…
President Abdel Fattah al-Sisi officially ratified the budget for fiscal year 2015/16 last week after the Cabinet reduced the projected deficit to 8.9 percent of gross domestic product (GDP), or…
President Abdel Fattah al-Sisi officially ratified the budget for fiscal year 2015/16 last week after the Cabinet reduced the projected deficit to 8.9 percent of gross domestic product (GDP), or…
President Abdel Fattah al-Sisi officially ratified the budget for fiscal year 2015/16 last week after the Cabinet reduced the projected deficit to 8.9 percent of gross domestic product (GDP), or…
Egypt’s foreign reserves climbed to US$20.08 billion in June, the Central Bank reports. At the end of May, reserves were reported at…
Egypt’s benchmark EGX30 index fell to 7550.98 points Wednesday, the lowest level recorded since April 2014. The index opened the month of July…
The Egyptian pound recorded LE7.73 to the dollar at the foreign exchange auction on Tuesday, and the Central Bank seems to have stabilized it at this level after suddenly allowing it…
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