Economy

Communications Minister says ready for Economic Summit with large projects

Communications Minister says ready for Economic Summit with large projects

In an interview with Al-Masry Al-Youm, Communications Minister Atef Helmy said the ministry is offering many investment opportunities at the Economic…
Egypt says to issue $950 mln 1-year Treasury bill

Egypt says to issue $950 mln 1-year Treasury bill

Egypt plans to issue a $950 million 1-year Treasury bill next week, the central bank said on Thursday.It said the…
Cairo stops subsidies to farmers of cotton, once Egypt’s “white gold”

Cairo stops subsidies to farmers of cotton, once Egypt’s “white gold”

Growers of Egypt's high quality cotton will no longer receive any state support and have been advised not to plant…
EFG Hermes: Early signs for recovery of Egyptian economy confirmed

EFG Hermes: Early signs for recovery of Egyptian economy confirmed

EFG Hermes, one of the Middle East's largest investment banks, confirmed early signs for the recovery of the Egyptian economy…
EFG-Hermes: Low oil prices to boost disinflation, subsidy reforms in Egypt‏

EFG-Hermes: Low oil prices to boost disinflation, subsidy reforms in Egypt‏

EFG-Hermes expects a new era of depressed oil prices and a stuctural shift in global supply and demand balances, according…
Tamar gas group plans upgrade, including pipeline to Egypt

Tamar gas group plans upgrade, including pipeline to Egypt

Israel's offshore Tamar gas field may get a $1.5-$2 billion upgrade, including the construction of an underwater pipeline to an…
Egypt pound volatile on black market due to commercial demand, Qatar repayment concerns

Egypt pound volatile on black market due to commercial demand, Qatar repayment concerns

The Egyptian pound was flat at a central bank dollar sale on Wednesday but was volatile on the black market…
Egypt’s property tax rates case by case: Guide tables

Egypt’s property tax rates case by case: Guide tables

Finance Minister Hani Qadri Demian said housing units of children will be exempted from the real estate tax if the…
Minister of Investment: Egypt assigns consulting house to prepare for March economic summit

Minister of Investment: Egypt assigns consulting house to prepare for March economic summit

Investment Minister Ashraf Salman said in an interview that the government assigned a new consulting house (WPP) to prepare for…
Egypt’s cement firms overcome gas shortages by importing coal

Egypt’s cement firms overcome gas shortages by importing coal

Several of Egypt's major cement producers have begun retrofitting their plants to run on energy from imported coal, beating high…
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