Economy
Access Power agrees Egypt solar plant deal, in talks for wind scheme
April 29, 2015
Access Power agrees Egypt solar plant deal, in talks for wind scheme
Access Power said on Wednesday it had agreed a deal with Egypt's government to build a 65 megawatt (MW) solar…
Minister: Internet prices high, minimum speed to reach 2 megabytes
April 29, 2015
Minister: Internet prices high, minimum speed to reach 2 megabytes
Telecommunications Minister Khaled Negm said he will restructure prices for the internet service that 40 million citizens depend on in…
Gasoline smart cards go into effect June 15
April 29, 2015
Gasoline smart cards go into effect June 15
Prime Minister Ibrahim Mehleb has ordered all petroleum distribution companies to sell gasoline octane 92, 80 and diesel oil to consumers,…
Oil dips as oversupply outweighs Saudi royal reshuffle
April 29, 2015
Oil dips as oversupply outweighs Saudi royal reshuffle
Oil prices dipped on Wednesday as oversupply and weak demand outweighed uncertainty in Saudi Arabia where King Salman relieved the…
Egypt’s market loses LE19 billion in three sessions
April 28, 2015
Egypt’s market loses LE19 billion in three sessions
Egypt's market slid sharply in the last three sessions due to strong selling pressure taking place in most of the…
Canadian Chamber: Trade volume between Egypt, Canada reaches US$1.1 bn
April 28, 2015
Canadian Chamber: Trade volume between Egypt, Canada reaches US$1.1 bn
Intra-regional trade between Egypt and Canada reached US$1.1 billion, according to Fayez Ezz Eddin, head of the Canadian Chamber of…
1.8% increase in Suez Canal revenues in first quarter of 2015
April 28, 2015
1.8% increase in Suez Canal revenues in first quarter of 2015
The Suez Canal revenues have increased by 1.8 percent in the first quarter of 2015, to reach US$1.24 billion, according…
Egypt’s exports drop by 21.7% in first quarter
April 28, 2015
Egypt’s exports drop by 21.7% in first quarter
Minister of Trade and Industry Mounir Fakhri Abdel Nour said on Tuesday that Egypt's exports fell by 21.7 percent in…
Egyptian pound steady at official market, stronger on black market
April 27, 2015
Egyptian pound steady at official market, stronger on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Monday while…
Egypt selects advisor for issuing US dollar-denominated bonds
April 27, 2015
Egypt selects advisor for issuing US dollar-denominated bonds
The Egyptian government hired Latham and Watkins, as well as Dechert, as legal advisors for the issuance of its planned…