Business

Finance minister: Saudi Arabia offers US$200 million in aid

Finance minister: Saudi Arabia offers US$200 million in aid

Finance Minister Samir Radwan on Thursday said Saudi Arabia has offered the Egyptian government US$200 million in financial aid to…
Egypt cement maker sees rapid sector expansion

Egypt cement maker sees rapid sector expansion

Egypt's cement sector will shake off a property crisis and expand production capacity by 30 percent by the end of…
Gas exports to Israel bring Egypt US$40 million monthly

Gas exports to Israel bring Egypt US$40 million monthly

Egypt's Eastern Mediterranean Gas Company (EMG), an Israeli-Egyptian consortium, has announced for the first time that it pays Egypt US$40…
Reconciliation over land violations aims to attract foreign investment

Reconciliation over land violations aims to attract foreign investment

Experts have praised the government for considering a law intended to absolve from criminal liability those investors who bought state-owned…
Egypt’s real estate sector down, not out

Egypt’s real estate sector down, not out

There seem to be plenty of good reasons to avoid Egypt's battered real estate sector, yet some investors are tiptoeing…
Egypt close to agreement with Iraq on yellow remittances

Egypt close to agreement with Iraq on yellow remittances

Minister of Manpower and Immigration Ahmed al-Borai said he expects Cairo to reach an accord with Iraq on hundreds of…
UAE’S Damac says files suit against Egypt

UAE’S Damac says files suit against Egypt

Dubai property developer Damac said on Tuesday it had filed an international arbitration case against Egypt over a land dispute…
No new government jobs for fresh graduates

No new government jobs for fresh graduates

The Finance Ministry on Tuesday announced that the government will not be offering new jobs to fresh university graduates, a…
Sawiris to step down as Orascom Telecom chairman

Sawiris to step down as Orascom Telecom chairman

Egyptian mobile operator Orascom Telecom's CEO will take over from Naguib Sawiris as executive chairman, the firm said on Monday,…
Military council warns of economic collapse

Military council warns of economic collapse

The Supreme Council of the Armed Forces has warned of a collapse in the economy, pointing out that direct foreign…
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