Business

Hundreds of workers go on strike in Daqahlia to protest selling of factory

Hundreds of workers go on strike in Daqahlia to protest selling of factory

Hundreds of workers at the Delta Company for Fertilizers and Chemical Industries (Talkha Fertilizer), a state-owned company in Egypt, staged…
Juhayna shares decline 6.1% after chairman’s arrest

Juhayna shares decline 6.1% after chairman’s arrest

Egypt’s Juhayna Food Industries company’s shares declined by 6.1 percent on Wednesday, following the arrest of its founder and chairman Safwan…
Egypt plans first factory to locally manufacture trains by beginning of 2021

Egypt plans first factory to locally manufacture trains by beginning of 2021

Egyptian Transport Ministry plans to start establishing the country’s first factory to locally manufacture trains of all kinds starting from…
EgyptAir and Air Cairo activate codeshare agreement

EgyptAir and Air Cairo activate codeshare agreement

EgyptAir and Air Cairo announced on Sunday the signing of a new codeshare between the two companies, aimed at providing…
Egypt expects US$1.6 billion IMF loan by the end of December: Minister

Egypt expects US$1.6 billion IMF loan by the end of December: Minister

Egypt’s Finance Minister Mohamed Maait announced Monday that a US$1.6 billion tranche from the International Monetary Fund (IMF) is anticipated…
Germany approves 80 million euro grant to Egypt

Germany approves 80 million euro grant to Egypt

The German parliament has approved providing Egypt the third tranche for the second phase of the Egyptian-German debt swap program…
Gold prices decline by LE36 per 21-karat gram

Gold prices decline by LE36 per 21-karat gram

Gold prices declined in Egyptian markets, after the 21-karat gold gram opened trading in November 23 at LE813 and ended…
Egypt’s chemical and fertilizer exports decline to US$4.15 billion over 10 months

Egypt’s chemical and fertilizer exports decline to US$4.15 billion over 10 months

Egypt’s exports of chemicals and fertilizers decreased by 4.8 percent during the first ten months of 2020, reaching $4.153 billion…
Islamic Development Bank funded 258 projects in Egypt at LE11.64 billion cost, says Minister

Islamic Development Bank funded 258 projects in Egypt at LE11.64 billion cost, says Minister

Minister of Planning and Economic Development Hala al-Saeed on Saturday praised Egypt’s partnership with the Islamic Development Bank Group which…
Tax revenues represent over 80 percent of Egypt’s state budget in Egypt: Official

Tax revenues represent over 80 percent of Egypt’s state budget in Egypt: Official

The Egyptian Tax Authority’s (ETA) revenues represent more than 80 percent of the state’s general budget, said an official within…
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