Business

Egypt’s ergot saga deepens as wheat rejected in Romania

Egypt’s ergot saga deepens as wheat rejected in Romania

Egyptian state inspectors have rejected a 63,000 ton shipment of wheat at its Romanian port of origin after checking for…
Egypt eyes $2-3 bln deposit from Saudi Arabia to help seal IMF deal

Egypt eyes $2-3 bln deposit from Saudi Arabia to help seal IMF deal

Egypt is in advanced talks with Saudi Arabia to secure a new deposit worth $2-3 billion as part of about…
Italian investor seeks to lure wealthy tourists to Sharm el-Sheikh

Italian investor seeks to lure wealthy tourists to Sharm el-Sheikh

An Italian property developer with investments in Egyptian tourism has launched an initiative to lure Italian tourists back to Sharm…
Egypt’s budget deficit rises by 16.8 pct yr/yr in first nine months

Egypt’s budget deficit rises by 16.8 pct yr/yr in first nine months

Egypt's budget deficit rose by 16.8 percent to 254.9 billion Egyptian pounds ($28.71 billion) in the first nine months of…
Oil pares gains after Saudi, Russia sign pact

Oil pares gains after Saudi, Russia sign pact

Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia said they have agreed to cooperate…
Egypt’s GASC buys 50,000 tonnes of Brazilian raw sugar

Egypt’s GASC buys 50,000 tonnes of Brazilian raw sugar

Egypt's General Authority for Supply Commodities (GASC) purchased on Sunday 50,000 tonnes of Brazilian raw sugar, GASC vice chairman Ahmed…
Egypt foreign reserves rise to $16.564 bln end-august: CBE

Egypt foreign reserves rise to $16.564 bln end-august: CBE

Egypt's net foreign reserves rose to US$16.564 billion at the end of August, the Central Bank of Egypt (CBE) said…
Russia, Turkey to form joint investment fund: Russian minister

Russia, Turkey to form joint investment fund: Russian minister

Russian Economy Minister Alexei Ulyukaev said on Sunday President Vladimir Putin and his Turkish counterpart Tayyip Erdogan had agreed to…
Egypt’s Eastern Company board approves US$84 mln capital hike

Egypt’s Eastern Company board approves US$84 mln capital hike

The board of Egypt's top cigarette maker, Eastern Company, approved a capital hike of 750 million Egyptian pounds (US$84 million)…
China’s Xi at G20 says world economy at risk, warns against protectionism

China’s Xi at G20 says world economy at risk, warns against protectionism

The global economy is being threatened by rising protectionism and risks from highly leveraged financial markets, Chinese President Xi Jinping…
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