Egyptian officials said they hope to resolve at least 75 percent of outstanding disputes between investors and the government ahead of a major economic summit scheduled for March. To that end,…
When the lights come back on after a lengthy power cut, it's almost tradition to hear cheers of "el-noor geh" (the lights are back) echoing repeatedly from the neighborhood’s children,…
An ongoing wave of hunger strikes in protest over working conditions is being staged at the Egyptian Iron and Steel Company in…
Economic ties appear to be at the top of the agenda, as Egyptian President Abdel Fattah al-Sisi prepares for a state visit to…
Egypt’s trade deficit reached LE27.9 billion in September 2014, according to a report released Sunday by state statistics agency CAPMAS. The gap…
From 2003 to 2012, Egypt lost US$37.68 billion due to illicit financial outflows, according to a new report from non-profit research organization…
The national airline, EgyptAir, announced on Wednesday that it would partner with the Texas-based Sabre Airline Solutions in an attempt to “increase revenue,…
A spending bill, passed last week by the United States Congress, has cleared the way for a resumption of US$1.3 billion in military aid to…
Egypt will target a growth rate of 4.3 percent of GDP, a total deficit ratio of between 9.5 and 10 percent, and…
Egypt’s Central Bank (CBE) announced on Sunday that it plans to offer a US$1.1 billion one-year treasury bill at an auction on…
Annual headline inflation dropped to 9.09 percent in November, according to calculations released today by the Central Bank of Egypt. In October,…
Hailing a taxi in Cairo can be a bit of a gamble. Most of the time, it’s perfectly fine — a short wait for a civil driver who takes you…
Over 11,000 workers at the state-owned Egyptian Iron and Steel Company in the south Cairo area of Helwan resumed strikes and sit-in…
A former Bechtel executive has pleaded guilty to charges linked to a scheme to manipulate the bidding process for power contracts in…
Egypt’s foreign reserves dropped to US$15.882 billion at the end of November, according to the Central Bank of Egypt (CBE), putting it…
After month after month of steady decline earlier this year, Egypt’s tourist industry is showing signs of life again. In July, for…
Two new reports have painted very different pictures of corruption in Egypt in 2014. According to Transparency International, which released its 2014…
In recent months, Egypt has announced plans to build the country’s first two coal-fired power plants, following a controversial April decision to allow the fuel to be used for industry…
Egypt’s budget deficit reached LE84.5 billion, or 3.6 percent of GDP, for the period from July to October 2014. According to the…
The state-owned Egyptian General Petroleum Company (EGPC) has secured US$1.5 billion in financing, through a syndicated loan from the National Bank of…
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