Business
Housing ministry obtains LE3 bn loan for million-house project
February 1, 2016
Housing ministry obtains LE3 bn loan for million-house project
The Housing Ministry signed four financing contracts worth LE3 billion to boost liquidity for financing the construction of a million…
Minister signs new agreement to excavate petroleum in Suez Gulf
February 1, 2016
Minister signs new agreement to excavate petroleum in Suez Gulf
Petroleum Minister Tareq al-Molla signed a new agreement for excavating petroleum and natural gas in the Gulf of Suez with…
Saudi’s Othaim group to invest US$ 300 million in Egypt
February 1, 2016
Saudi’s Othaim group to invest US$ 300 million in Egypt
The Saudi Othaim For Leisure & Tourism plans to invest US$300 million (LE3.3 billion) in Egypt over the next five…
Trade Ministry starts restructuring representation of offices abroad
February 1, 2016
Trade Ministry starts restructuring representation of offices abroad
The Trade and Industry Ministry has started the restructuring plan of trade representation offices abroad.
Egypt’s GASC says French wheat shipment rejected after re-testing
February 1, 2016
Egypt’s GASC says French wheat shipment rejected after re-testing
Egypt rejected a French wheat shipment it said did not meet strict new import rules, rattling traders who said the…
Egyptian pound steady at forex sale, stronger on black market
January 31, 2016
Egyptian pound steady at forex sale, stronger on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday but strengthened on the…
Egyptian-Russian committee starts meetings in Cairo
January 31, 2016
Egyptian-Russian committee starts meetings in Cairo
The Egyptian-Russian joint committee for trade, economic, scientific and technical cooperation started its 10th meeting in Cairo on Sunday under the…
World Bank reveals details on Egypt’s $3 bn loan
January 31, 2016
World Bank reveals details on Egypt’s $3 bn loan
The World Bank revealed Saturday details of the US$3 billion loan to the Egyptian government which entail reducing the government’s…
Egypt increases tariffs on range of imports
January 31, 2016
Egypt increases tariffs on range of imports
Egypt has raised tariff rates on a wide range of imports, the official Gazette said on Sunday, the latest effort…
Egyptian treasury bill yields rise at Sunday’s auction
January 31, 2016
Egyptian treasury bill yields rise at Sunday’s auction
Yields on Egypt's three and nine-month Treasury bills rose at Sunday's auction, data from the central bank showed. The average yield…