Economy

Manufacturers in Egypt turn to local sourcing as prices soar

Manufacturers in Egypt turn to local sourcing as prices soar

In green fields near Egypt's Mediterranean coast, one multinational company is harvesting its first crop of potatoes produced from local…
World stocks pause near record highs

World stocks pause near record highs

Concern about global trade and U.S.
Finance Ministry to add 10% social allowance to workers’ salaries from May

Finance Ministry to add 10% social allowance to workers’ salaries from May

The Finance Ministry approved the disbursement of a 10 percent social allowance for workers, during a meeting with the leaders…
Egypt wheat reserves at 2.6 months, to buy 3.8 mln tons from local harvest

Egypt wheat reserves at 2.6 months, to buy 3.8 mln tons from local harvest

Egypt has about 2.6 months' worth of wheat in its strategic reserves and expects to buy up about 3.8 million…
CEO of world’s largest cement maker to resign after company admits paying Syrian groups

CEO of world’s largest cement maker to resign after company admits paying Syrian groups

LafargeHolcim (LHN.S) Chief Executive Eric Olsen will leave the company in July after the world's largest cement maker admitted on…
30 projects worth $20 billion to be established in Suez Canal Economic Zone: official

30 projects worth $20 billion to be established in Suez Canal Economic Zone: official

Egypt will establish 30 projects in the Suez Canal Economic Zone with investments totalling US$20 billion, said President of the Suez Canal…
Egypt’s Sharm el-Luli ranks 3rd in top 10 Middle East beaches

Egypt’s Sharm el-Luli ranks 3rd in top 10 Middle East beaches

Sharm el-Luli beach  in the resort town of Marsa Alam in the Red Sea governorate came third in a TripAdvisor ranking…
Fees to be imposed on fish exports: Trade Minister

Fees to be imposed on fish exports: Trade Minister

The decision over whether to impose fees on fish exports is still under consideration; the value of this fee will be based…
Trump warming to EU free trade deal: Times

Trump warming to EU free trade deal: Times

The United States could strike a free-trade agreement with the European Union after President Donald Trump warmed to a deal…
EgyptAir to receive new Boeing aircraft in May

EgyptAir to receive new Boeing aircraft in May

EgyptAir will receive a third Boeing B737/800 NGs to join the company’s fleet at beginning of May. This addition will be the…
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