Economy

Egypt’s Sisi says military economy just 1-1.5% of GDP

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

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

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

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

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

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

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

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

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

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…
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