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Egypt

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  • DUBAI, March 26- Top oil exporter Saudi Arabia and Gulf OPEC ally Kuwait will beef up security around their oil facilities, they said on Thursday, after they and other Arab allies began a military operation in Yemen. Oil prices rallied on Thursday after the air strikes in Yemen, on the borders of Saudi Arabia, sparking fears of a wider Middle East conflict that could...

  • *Kuwait, Oman biggest losers after closing at peak of sell-offs. DUBAI, March 26- Most Middle East stock markets fell on Thursday after Saudi Arabia and its allies in the region launched air strikes against Yemen's Houthi militia, but they came well off their lows late in the day as the initial panic subsided. Yemen's slide toward civil war has made the country a...

  • Investing in Egypt: Is it a secure choice?   Wednesday, 25 Mar 2015 | 10:00 AM ET
    Investing in Egypt: Is it a secure choice?

    CNBC's Hadley Gamble catches up with former British Prime Minister Tony Blair and asks him about his views on where Egypt is heading. He adds that he's "pretty optimistic" about the country -- despite its challenges.

  • BP CEO: Egypt needs gas and power   Wednesday, 25 Mar 2015 | 10:00 AM ET
    BP CEO: Egypt needs gas and power

    CNBC talks to business leaders about their investment plans for Egypt and what the country needs to do right now. Bob Dudley, CEO of BP, says Egypt needs gas and power.

  • Egypt's future: More has to be done   Wednesday, 25 Mar 2015 | 10:00 AM ET
    Egypt's future: More has to be done

    For Egypt to rebuild and thrive, more has to be done in the country. CNBC's Hadley Gamble talks to Ibrahim Mahlab, Egypt's Prime Minister, and asks him about the investment strategy for the country.

  • CAIRO— Egypt's president issued a decree to modify laws governing the development of the Suez Canal on Monday, allowing funds generated from bond sales for the canal's expansion to be used to create new infrastructure and industries and draw foreign investment. Companies and states recently pledged several billions of dollars to build up the area, including...

  • KHARTOUM, Sudan— Egypt, Ethiopia and Sudan on Monday signed an initial agreement on sharing water from the Nile River that runs through the three countries, as Addis Ababa presses ahead with its construction of a massive new dam it hopes will help alleviate the country's power shortages. The dam had been an issue of contention among the three countries, with Egypt...

  • CAIRO— The idea is colossal: building an eco-friendly city the size of Singapore in the desert outside Cairo, a sleek new capital fit for the 21st century where a diverse slice of society will live in harmony. It's everything missing from Egypt today— with a price tag of up to $80 billion. It is more like a scripted media event than a serious proposal, reflecting the...

  • Egyptian small investors look for a role Wednesday, 18 Mar 2015 | 2:48 AM ET

    SHARM EL-SHEIKH, Egypt— Hisham Khalil heads a medium-sized construction company, the sort of firm that past Egyptian governments generally ignored in their grand economic reform projects in favor of close friends and mega-businesses. So when Egypt launched its latest roadmap to an economic future at an international conference this past weekend, Khalil...

  • Egypt to require tourists to obtain visas in advance Tuesday, 17 Mar 2015 | 12:18 PM ET

    CAIRO— Foreign Ministry spokesman Badr Abdellaty says authorities will require individual foreign tourists who are not travelling in groups to Egypt to obtain a visa in advance from embassies in their own countries for the time being. The decision, to take effect on May 15, does not affect tour groups, which can still purchase visas at ports of entry such as...

  • GENEVA, March 17- Nigeria and Ivory Coast are looking to emulate Senegal's successful move into the market for Islamic bonds, the head of the Islamic Corporation for the Development of the Private Sector told Reuters. Despite strong growth in the Middle East and Southeast Asia, Islamic finance has lagged in Africa, home to a quarter of the world's Muslims,...

  • CEOs on investing in Egypt   Monday, 16 Mar 2015 | 7:40 AM ET
    CEOs on investing in Egypt

    At Egypt's international economic conference, Hadley Gamble asks leading CEOs from around the globe about their thoughts on investing in Egypt, including Joe Kaeser, CEO of Siemens.

  • Egypt open for business   Monday, 16 Mar 2015 | 6:00 AM ET
    Egypt open for business

    Mustafa Abdel-Wadood, board member & chairman of the management executive committee at The Abraaj Group, talks about the opportunities going forward in Egypt, however, there's a huge shortfall in energy in the country

  • BP CEO: 'Painful time for oil industry'   Sunday, 15 Mar 2015 | 7:45 PM ET
    BP CEO: 'Painful time for oil industry'

    Bob Dudley, CEO of BP, says the plunge in oil prices is a "huge shock" and will mean a "very painful" period for the oil and gas industry ahead.

  • *Some politicians see Sweden as a "great moral power". STOCKHOLM, March 15- In a few months, Sweden's minority government has managed to antagonise both Israel and the Arab world, while also angering business leaders at home as Foreign Minister Margot Wallstrom steadfastly pursues human rights and feminism. After Sweden cancelled a defence cooperation accord...

  • Egypt basks in world support at investor conference Sunday, 15 Mar 2015 | 5:08 AM ET

    SHARM EL-SHEIKH, Egypt— Egypt's president claimed broad support from the international community for his vision of the future on Sunday, in a boisterous speech to an investor conference that saw billions pledged to boost an economy left battered by four years of turmoil following a popular uprising. A jubilant Abdel-Fattah el-Sissi acknowledged Egypt's...

  • SHARM EL-SHEIKH, March 14- One of Egypt's leading businessmen said on Saturday the country needs to fire inefficient civil servants to attract investment and strengthen the economy. Foreign investors have criticised bureaucracy and a bloated civil service of about seven million in Egypt, the most populous Arab country. "Changing the mindset of all the...

  • SHARM EL-SHEIKH, Egypt— Corporate leaders offered upbeat assessments Saturday of Egypt's economic prospects and confidence in the government's ongoing efforts to streamline the country for business after four years of unrest, as companies signed billion dollar deals at a conference aimed at spurring investment. The meeting, a cornerstone of the...

  • SHARM EL-SHEIKH, Egypt— Egypt raked in promises of more than $12 billion in investment and aid from its Gulf Arab allies on Friday, kicking off an international conference aimed at rescuing the country's gutted economy and giving a political boost to its soldier-turned-president. The three-day gathering in the Sinai resort of Sharm el-Sheikh is meant to show...

  • CAIRO— Egypt is making its most ambitious push to lure foreign and private investors, hoping to propel growth and provide employment after four years of turmoil that have brutalized the economy since the 2011 uprising that ousted autocrat Hosni Mubarak. President Abdel-Fattah el-Sissi, the former head of the military, has made economic improvement his top...