Economy
Egypt’s Sisi says military economy just 1-1.5% of GDP
October 26, 2016
Egypt’s Sisi says military economy just 1-1.5% of GDP
The Egyptian military's economic activities are equivalent to just 1 to 1.5 percent of GDP and not more than 20…
Consumer complex head gets 5 years in jail for hoarding sugar
October 25, 2016
Consumer complex head gets 5 years in jail for hoarding sugar
The head of a consumer complex has been sentenced to five years in prison and a fine of LE100,000 for…
Basic commodity reserves are secure, being bolstered: minister
October 25, 2016
Basic commodity reserves are secure, being bolstered: minister
The Ministry of Supply and Internal Trade is currently working to build up a six-month strategic reserve of basic commodities,…
Egypt industry races to fill void as trade gap to narrow $11-12 billion in 2016
October 25, 2016
Egypt industry races to fill void as trade gap to narrow $11-12 billion in 2016
Egypt expects to cut its trade deficit by $11-$12 billion in 2016 as part of efforts to ease an acute…
Egypt’s Edita, maker of Twinkies, shuts sweet factory after sugar seized
October 25, 2016
Egypt’s Edita, maker of Twinkies, shuts sweet factory after sugar seized
Edita Food Industries, Egypt's maker of Twinkies, said on Monday its sweet factory in Beni Suef had been shut for…
Egypt PM expects IMF deal to be signed within two months
October 25, 2016
Egypt PM expects IMF deal to be signed within two months
Egypt hopes to receive final approval for its $12 billion International Monetary Fund lending program within two months, Prime Minister…
Egypt Suez Canal revenue rises to $447.6 mln in August
October 25, 2016
Egypt Suez Canal revenue rises to $447.6 mln in August
Oct 25 Egypt's Suez Canal revenue rose to $447.6 million in August compared with $429 million in July, data from…
Failure of EU free trade deal would leave Canada stranded
October 25, 2016
Failure of EU free trade deal would leave Canada stranded
The looming failure of free trade talks with the European Union would derail Canada's push to reduce its dependence on…
Additional charter flights start between Italy and Sharm el-Sheikh
October 24, 2016
Additional charter flights start between Italy and Sharm el-Sheikh
Egypt's Ambassador to Rome Amr Helmy said on Monday that the process of starting additional charter flights between several Italian…
Authorities confiscate sugar at country’s largest food producer
October 24, 2016
Authorities confiscate sugar at country’s largest food producer
Egyptian authorities seized sugar stocks at Edita Food Industries, one of the country's largest food producers, on Saturday, a move…