Economy

Egypt eyes 9 oil deals worth US$2.2 billion

Egypt eyes 9 oil deals worth US$2.2 billion

Egypt is preparing for the signing of nine petroleum deals which were approved in a recent Cabinet meeting, Petroleum Minister…
EGPC: Cooperation with Iran up to ‘sovereign authorities’

EGPC: Cooperation with Iran up to ‘sovereign authorities’

Egypt’s petroleum corporation has said that any future cooperation with Iran- after a nuclear deal with major world powers will…
Greece threatens to ban Egyptian imports in response to Egypt cotton export ban

Greece threatens to ban Egyptian imports in response to Egypt cotton export ban

The Egyptian Foreign Ministry has received a letter from the government of Greece, objecting to the Egyptian government's decision to…
Moody’s upgrades Egypt’s banking system’s outlook to stable

Moody’s upgrades Egypt’s banking system’s outlook to stable

 Moody's Investors Service says it has upgraded Egypt's banking system outlook to stable from negative, expecting the sector's operating conditions…
EGX closed Sunday, Monday for Eid al-Fitr vacation

EGX closed Sunday, Monday for Eid al-Fitr vacation

The Egyptian Exchange, Egypt’s stock market, said Wednesday it is closing next Sunday and Monday during the celebrations of the…
Egypt’s market gains LE7 billion on Wednesday, EGX30 jumps 2.6%

Egypt’s market gains LE7 billion on Wednesday, EGX30 jumps 2.6%

Egypt's market extended its recovery on Wednesday's session, as the benchmark EGX30 index jumped by 2.55 percent, recording 7,882.62 points…
CAPMAS: Wages in government economic institutions and public companies increase by 13% in 2013/2014

CAPMAS: Wages in government economic institutions and public companies increase by 13% in 2013/2014

The wages in the government economic institutions and public companies increased by 13 percent to reach LE18.4 billion (US$2.4 billion)…
Wheat strategic reserves cover Egypt’s needs until mid-February

Wheat strategic reserves cover Egypt’s needs until mid-February

Khaled Hanafy, Minister of Supply and Internal Trade, announced that the strategic reserves of local and imported wheat are sufficient…
Investor: 60% of hotel guests in Eid al-Fitr are Egyptians

Investor: 60% of hotel guests in Eid al-Fitr are Egyptians

The hotel occupancy rate in Egypt during Eid al-Fitr holidays is expected to reach 100 percent in most tourist cities,…
Former EGX chief: CBE policies could yield negative results

Former EGX chief: CBE policies could yield negative results

A former head of Egypt’s stock market has warned that measures by the Central Bank of Egypt to control the…
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