Six months after construction was scheduled to begin, the United Arab Emirates-based construction firm Arabtec announced Thursday it had agreed to terms with Egypt for the initial phase of a…
Production in Egypt’s manufacturing and extraction industries slowed by 7.8 percent in January, reaching 106.5 on the production and manufacturing index compiled…
Tourist arrivals continued to decline in January, dropping to 667,500 from 781,602 in December, according to state statistics agency CAPMAS. Meanwhile, confusion…
In recent agreements with foreign firms operating in the country, Egypt’s Ministry of Petroleum has agreed to pay higher prices for the…
After Prime Minister Ibrahim Mehleb announced plans to build The Capital Cairo at Egypt’s economic conference in Sharm el-Sheikh last week, many questions have been raised about the new mega-scale…
Egypt ran an overall balance of payments deficit of US$1 billion for the first half of the 2014/15 fiscal year, compared to…
The minister of finance authorized the release of LE4.7 billion in urgent funding to support the ministries of electricity, supply, health and…
Four workers who claim to have been punitively relocated from their jobs have launched hunger strikes and protests on Saturday in their new…
Whether hailed for spurring growth and helping Egypt modernize its economy or demonized for pushing austerity policies that have hollowed out the country’s social welfare system, the World Bank looms…
The Finance Ministry laid out its targets for fiscal year 2015/16, which starts on July 30, in a statement released Wednesday afternoon.…
As soon as the plan to develop a new city called The Capital Cairo was announced at the economic conference last weekend, social media was buzzing with strong reactions. Some were quite…
The Suez Canal Authority is currently in negotiations with local banks for a bridge loan of US$450 million, the privately owned newspaper…
This weekend in Sharm el-Sheikh, electricity sector deals dominated at the Egypt Economic Development Conference. President Abdel Fattah al-Sisi devoted much of his speech to attendees to discussing new deals…
In his address to the Egypt Economic Development Conference, Egyptian President Abdel-Fattah al Sisi said the country requires US$200 to US$300 billion…
Egyptian workers have been fighting an uphill battle against draconian privatisation measures for decades, but a 2014 presidential decree and the government’s current concerted push for economic investment has completely sidelined workers…
While day one of the Egypt Economic Development Conference (EEDC) showed how much Gulf backers are willing to commit to support Egypt…
In a striking show of support for the much-anticipated Egypt Economic Development Conference (EEDC), officials from Saudi Arabia, Kuwait, the United Arab…
«Once again, Egyptians must sit back and listen to their government convince them that they need to pin all of their hopes on marauding capital in…»
In the lead up to the Egypt Economic Development Conference (EEDC) that opened Friday in Sharm el-Sheikh, Egypt’s government has tossed around a wide range of figures for the amount…
South Sinai governor Khaled Fouda gifted 1,000 suits and ties to Sharm el-Sheikh’s taxi and mini-bus drivers in a festive ceremony a few days ahead of the Egypt Economic Development…
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