Business

UAE’s Mubadala purchases 10% stake in Shorouk concession area

UAE’s Mubadala purchases 10% stake in Shorouk concession area

  Petroleum Minister Tarek al-Mulla signed a final contract with the UAE’s Mubadala Petroleum, Italy’s Eni, and the Egyptian Natural Gas…
Forbes lists 4 Egyptian companies among the top 100 powerful companies in the MENA

Forbes lists 4 Egyptian companies among the top 100 powerful companies in the MENA

  Forbes Middle East Magazine has listed four Egyptian companies among its list of 100 most powerful public companies in…
Turkey plans to establish global industrial city in Egypt by 2019

Turkey plans to establish global industrial city in Egypt by 2019

  Despite the political differences between the two countries, Turkey is planning to establish international industrial city in Egypt by…
Government to receive $2 billion from IMF in July: Minister

Government to receive $2 billion from IMF in July: Minister

  Minister of Finance Mohammed Maet announced on Monday that Egypt would receive the fourth tranche of the International Monetary…
Ministry of Finance pays LE 1.5 billion to install energy-conserving headlights

Ministry of Finance pays LE 1.5 billion to install energy-conserving headlights

  The Ministry of Finance stated on Sunday that a disbursement of LE 1.5 billion will finance the first and…
After fuel prices increase, Prime Minister announces new transportation tariff

After fuel prices increase, Prime Minister announces new transportation tariff

  Prime Minister Mostafa Madbouli held a lengthy meeting on Saturday via video conference with the governors from the Cabinet…
Ministry of Petroleum announces new price hikes

Ministry of Petroleum announces new price hikes

Minister of Petroleum Tarek Al-Mula announced new petroleum price hikes, adding that removing subsides on petroleum is an important procedure…
US dollar hits seven-month high

US dollar hits seven-month high

World shares fell and were set to end the week in the red on Friday while the dollar climbed to…
Egypt inflation rate in May increased by 0.3 %

Egypt inflation rate in May increased by 0.3 %

  The inflation rate in May increased by 0.3% compared to the previous month, reaching 274.7 points from 273.9, according…
G7 divides to G6 plus Trump over trade war threat

G7 divides to G6 plus Trump over trade war threat

Leaders of the G7 nations spent Friday hunting for a face saving formula to mask the deep rift inflicted on…
Back to top button