The past eight months have been marked by a sharp and steady decline in global oil prices, a slump not seen since the 2008 financial crisis. While the effect on…
Orascom Construction Limited commenced trading on the Egyptian stock exchange Wednesday, making it the first company to be dually listed in Egypt…
In a surprise announcement Wednesday, Egypt’s Ministry of Finance said the country’s economic ministers have agreed to cap income taxes at a…
«Four years ago, extreme government corruption was one of the driving forces that pushed Egyptians to embark on a revolution. The World Economic Forum estimated…»
In some ways, the Tawfikia market in downtown Cairo captures a bit of the business landscape in Egypt: shops that once offered vegetables, fruits, meat, chicken, fish and dairy products…
Last month, after an announcement that Russia would help Egypt build a nuclear power plant and launch a new nuclear industry, the Arabic hashtag “think of a name for the…
As Egypt’s government gears up for a major economic conference next week, it has been presenting a relentlessly positive picture of the economy. The messaging is consistent: Egypt is open…
Operating conditions for Egypt’s private sector hit a 17-month low in February, according to HSBC’s Purchasing Manager’s Index. The Index fell to…
Egypt’s cabinet has approved a long-awaited unified investment law, part of a package of reforms the government is hurrying to put in…
Egypt’s budget deficit widened to LE159 billion in January, up from LE132 billion in December, according to the Ministry of Finance. In…
A deal between UAE-based firm Arabtec and the Egyptian military to build a million housing units has been suspended, Chief of Staff…
A deal between France and Egypt to purchase 5.2 billion Euros worth of French military equipment will be partially financed by a…
In early 2014, Egyptian officials publicly admitted that Egypt, once an exporter, was teetering on the edge of consuming more natural gas than it produces. By that time, ordinary Egyptians…
Cigarette prices jumped dramatically on Monday, just a day after the state-owned Egyptian Gazette published a presidential decree announcing a 50 percent…
Egypt’s government has viewed attracting foreign direct investment (FDI) as a goal unto itself, rather than part of a coherent social and…
Egypt’s state-owned gas company EGAS will hold an auction for eight oil and gas exploration blocks in the Mediterranean Sea, the Petroleum…
Unemployment in Egypt declined to 12.9 percent in the fourth quarter of 2014, after peaking at 13.4 percent in late 2013. Out…
Government statistics show mixed results for tourism in December 2014, with arrival numbers up compared to December 2013, but still the lowest…
In the run-up to Russian President Vladimir Putin’s visit to Egypt, he told the state-owned newspaper Al-Ahram that the two countries are discussing ways to cut out the dollar and…
The budget for this fiscal year was only approved by President Abdel Fattah al-Sisi on June 30, after he sent it back to the Cabinet demanding that the deficit be lowered to 10 percent. It was…
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