Business
UAE’s Mubadala purchases 10% stake in Shorouk concession area
June 21, 2018
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
June 19, 2018
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
June 19, 2018
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
June 19, 2018
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
June 17, 2018
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
June 17, 2018
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
June 16, 2018
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
June 15, 2018
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 %
June 10, 2018
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
June 9, 2018
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…