Economy
Egypt’s market losses LE3.2 bn on Tuesday, EGX30 down 0.83%
May 26, 2015
Egypt’s market losses LE3.2 bn on Tuesday, EGX30 down 0.83%
Egypt's market extended its losses for the second straight session on Tuesday, as the benchmark EGX30 index decreased 0.83 percent,…
Minister highlights 1.386 mn ton rise in local wheat supplies
May 26, 2015
Minister highlights 1.386 mn ton rise in local wheat supplies
The total amount of wheat the Egyptian government has obtained for the production of subsidized bread stands at 4.532 million…
UN report predicts 4% growth for North Africa
May 26, 2015
UN report predicts 4% growth for North Africa
The United Nations has predicted a 4 percent growth rate for North Africa’s economies throughout 2016, 0.3 percent lower than…
Red Sea sees 142% hike in tourist inflow by sea
May 26, 2015
Red Sea sees 142% hike in tourist inflow by sea
Red Sea ports have seen a 142 percent increase in incoming tourists arriving to the region by sea compared to…
Egypt to list 3 companies in the EGX
May 26, 2015
Egypt to list 3 companies in the EGX
The Egyptian government plans to list three companies with electricity projects that have a total capacity of 13,000 Megawatts, according…
Losses of LE150 million expected from ‘Umrah crisis’
May 26, 2015
Losses of LE150 million expected from ‘Umrah crisis’
Eight Saudi travel agencies have been closed by Saudi authorities and 153 Egyptian travel agencies that once worked with them…
Egypt considers Russian jets for its national airliner
May 26, 2015
Egypt considers Russian jets for its national airliner
Russia has offered Egypt a Sukhoi Superjet for its national airline, EgyptAir, an official source at the Civil Aviation Ministry…
Egypt minister expects investments worth $45 bn in renewable energy within decade
May 25, 2015
Egypt minister expects investments worth $45 bn in renewable energy within decade
Investment Minister Ashraf Salman said it is expected that investments worth $45 billion will be pumped into Egypt's new and…
CAPMAS: Egyptian cotton exports nearly double in second agricultural quarter
May 25, 2015
CAPMAS: Egyptian cotton exports nearly double in second agricultural quarter
Total Egyptian cotton exports rose by 94.3 percent year on year, in the period from December 2014 to February 2015,…
22% increase in Egyptian exports to Russia in 2014
May 25, 2015
22% increase in Egyptian exports to Russia in 2014
Trade and Industry Minister Mounir Fakhry Abdel Nour said the trade balance between Egypt and Russia has boomed from $3…