Business

Agreement with Aramco ongoing, delay of shipments normal: minister

Agreement with Aramco ongoing, delay of shipments normal: minister

Petroleum Ministry Spokesperson Hamdy Abdel Aziz has responded to rumours that Saudi Aramco is planning to halt supplies of petroleum…
Egypt’s debts to international oil companies rise to $3.58 bln at end-Sept: minister

Egypt’s debts to international oil companies rise to $3.58 bln at end-Sept: minister

Egypt's debts to international oil and gas companies rose to $3.58 billion by the end of September, the oil minister…
Strapped for dollars and flooded with rice, Egypt to import more anyway

Strapped for dollars and flooded with rice, Egypt to import more anyway

Egypt is looking to import large quantities of rice this month as farmers refuse to sell the government their crops…
Egyptian pound steady in regular dollar sale, weaker on black market

Egyptian pound steady in regular dollar sale, weaker on black market

Egypt's central bank kept the Egyptian pound steady against the dollar at Tuesday's weekly auction of foreign currency, but the…
Oil products from Aramco arriving on schedule: Petroleum Ministry

Oil products from Aramco arriving on schedule: Petroleum Ministry

The Petroleum Ministry said on Tuesday that it has started receiving shipments of refined oil products ordered from Saudi Aramco,…
Govt mulls $10 bn import restrictions to correct balance of payments

Govt mulls $10 bn import restrictions to correct balance of payments

A government source close to negotiations between Egypt and the International Monetary Fund (IMF) said on Monday that the government…
Samsung halts Galaxy Note 7 sales over fire concerns, maybe for good

Samsung halts Galaxy Note 7 sales over fire concerns, maybe for good

Samsung Electronics Co Ltd halted sales of its Galaxy Note 7 smartphones on Tuesday and told owners to stop using…
Electricity Ministry switches customer service to call center with 121 hotline

Electricity Ministry switches customer service to call center with 121 hotline

The Electricity Ministry has switched its customer service telephone operations for south Cairo to a call center that applies international…
Sugar shortage continues as prices reach LE10 per kilo

Sugar shortage continues as prices reach LE10 per kilo

The sugar shortage crisis continues to mount in many governorates, with the price per kilo reaching LE10.The armed forces has…
Egypt’s annual inflation drops to 14.6% in September: CAPMAS

Egypt’s annual inflation drops to 14.6% in September: CAPMAS

Egypt's annual inflation rate dropped to 14.6 percent in September down from 16.4 percent in August, the state statistics agency…
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