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11 Nov 2014

US business delegation meets President Al-Sisi

The American delegation visiting Egypt on 10-11 November met with Egyptian president Abdel Fattah Al-Sisi to discuss the future of American investment in the Egyptian market.


In 2013, the volume of US investments in Egypt represented 30% the country’s total investments in Africa. Investments in Egypt stood"......

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11 Nov 2014

Banking Technology Summit kicks off with banks focusing on consumer security

Innovation and consumer security are considered the top priorities of Egyptian banks in 2015, announced Abeer Khedr, Director of Information Security of The National Bank of Egypt (NBE), during the Banking Technology Summit taking place in Cairo on Monday.


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11 Nov 2014

Citrus fruit export season begins, 1m tonnes expected to be exported: Citrus Committee Chair

On 20 November, Egypt will export its first shipment of citrus fruits for the 2014/2015 season, according to Mohamed Abd El-Hady, Chairman of the Citrus Committee at the Agriculture Export Council. He expects Egypt’s exports to reach approximately 100 countries this season.


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11 Nov 2014

Pepsico invests $270m in Egypt during 2014: Company MEA president

PepsiCo’s investments during 2014 registered $270m, with total investments over the past three years totalling $600m, according to PepsiCo President in the Middle East and Africa Omar Farid.

Pepsico remains committed to the Egyptian market, Farid added.


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11 Nov 2014

Nassef Sawiris appeal postponed to late November

Bulaq Misdemeanor Court has delayed hearing of the appeal submitted by Nassef Sawiris, Chairman of Orascom Construction Industries (OCI), against a six month prison sentence and a EGP50m fine worth for failing to pay the balance of a tax settlement with the Tax Authority regarding the sale"...

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11 Nov 2014

Biggest U.S. Trade Mission Shows Egypt Back in Favor After Rift

The U.S. sent its biggest-ever trade delegation to Egypt, the latest sign that the allies have repaired the rift that followed the army’s ouster of an elected president last year.


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11 Nov 2014

Egypt tightening curbs on media coverage of military

Egypt is drafting a law tightening restrictions on media coverage of the armed forces, government and judicial sources said, alarming journalists who believe this would end three years of relative press freedom.

One source played down any threat to freedoms won after the 2011 overthrow of autocrat Hosni Mubarak, saying legislation under discussion would...

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11 Nov 2014

Travel, tourism return to Egypt after Arab Spring

Travel to Egypt has always been an adventure, playing into an inner Indiana Jones that craves a chance to come face to face with the deepest mysteries of civilization. And in Egypt visitors will find them in plenty — in pyramids and cities of the dead dating back 4,000 years.


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11 Nov 2014

Gold price falls sharply in Egypt

Price of gold in Egypt fell sharply, suddenly and unexpectedly this week due to speculation in global stock markets, said Wasfy Amin, the head of the gold division at the Federation of Egyptian Chambers of Commerce. Wasfy pointed out that the local market is still facing almost complete"...

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