Egypt loses as much as LE5 billion a year in tax revenue due to companies using tax havens to shield profits from taxes, according to a new report from the…
No subsidized gas without smart card after June 15 Starting June 15, customers without government-issued smart cards will not be able to…
Annual consumer inflation slowed to 11 percent in April, down from 11.8 percent in March, according to state statistics agency CAPMAS. The…
After climbing in the first hour of trading, Egypt’s stock market took a tumble Wednesday when an anticipated announcement of a change to the…
Prime Minister Ibrahim Mahleb and a host of other dignitaries held a ribbon-cutting ceremony Wednesday to celebrate the opening of the Ain…
Egypt’s foreign reserves climbed to US$20.53 billion at the end of April, the Central Bank reported Wednesday, the highest level of reserves…
Egypt’s economy has stagnated since the 2011 revolution, pushing millions into poverty, but one group isn’t feeling the pain: Egypt’s billionaires, whose…
Following reports of a data breach, Egypt’s stock exchange announced plans to upgrade its security procedures, while downplaying the significance of the…
The chief executive of UK-based grocery chain Sainsbury’s has been sentenced to two years in prison by a Giza court on charges…
A Cairo court decreed on Tuesday that all government employees participating in strikes and sit-ins would be retired from their positions for "opposing…
In the early hours of Sunday, police and military personnel began clearing street vendors from downtown Cairo’s Ramses Square in order to temporarily relocate them to the Ahmed Helmy Station.…
Egypt aims to welcome 20 million tourists and bring in US$26 billion in revenue by 2020, Tourism Minister Khaled Ramy told the Cabinet…
In an effort to stem losses in Egypt’s sugar and steel industries, Minister of Trade Mounir Fakhry Abdel Nour today announced plans…
Over 3,000 workers at the state-owned Egypt Gas Company have continued with their general strike for a second consecutive day on Wednesday.…
The first quarter of 2015 was marked by a total of 393 labor-related protest actions, including strikes, marches, sit-ins and occupying the…
Egypt expects to receive US$6 billion in Central Bank deposits from Gulf countries within the coming 10 days, the bank’s governor announced…
Moody’s Investors Service on Tuesday raised Egypt’s credit rating to 'B3' with a stable outlook, up from 'Caa1.' According to Moody’s scale,…
Egypt’s budget deficit widened to almost LE186 billion from July 2014 to February 2015, according to the Ministry of Finance. Revenue…
For the third month in a row, business conditions deteriorated in Egypt’s non-oil private sector, according to businesses surveyed for the March…
After keeping analysts waiting for months, the Finance Ministry finally released figures for its spending on petroleum subsidies. In the first half of fiscal year 2014/15, a period spanning July-December…
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