Business
Greece eyes lion’s share of diverted Russian tourism
December 9, 2015
Greece eyes lion’s share of diverted Russian tourism
Economically stricken Greece is racing to cash in on a potential bonanza of Russian tourists deprived of their favourite holiday…
Egypt’s market gains LE730 mn on Wednesday, EGX30 inches up 0.3%
December 9, 2015
Egypt’s market gains LE730 mn on Wednesday, EGX30 inches up 0.3%
Egypt's stock market finished in the green zone on Wednesday's session, as the benchmark EGX30 index inched up 0.32 percent…
BP to acquire additional interest in West Nile Delta project
December 9, 2015
BP to acquire additional interest in West Nile Delta project
BP announced on Wednesday that the company has acquired 22.75 percent of gas in the North Alexandria Concession and 2.75…
Meat, fish prices rose in November
December 9, 2015
Meat, fish prices rose in November
Meat and fish prices rose in November, according to a report on Tuesday issued by the Cairo Chamber of Commerce. Beef…
CBE stresses support for SMEs
December 9, 2015
CBE stresses support for SMEs
The Central Bank of Egypt (CBE) says it is paying big attention to small and medium-sized enterprises (SME)s. A CBE statement…
Aviation sector brings revenues worth $2 bn to Egypt
December 9, 2015
Aviation sector brings revenues worth $2 bn to Egypt
Civil Aviation Minister Hossam Kamal said on Tuesday that the aviation sector brings revenues worth US$2 billion to Egypt. The figure…
Egypt GDP growth for Q1 2015-2016 likely below 5%: planning minister
December 9, 2015
Egypt GDP growth for Q1 2015-2016 likely below 5%: planning minister
Egypt's planning minister said on Tuesday that he expects GDP growth for the first fiscal quarter of 2015-2016 to be…
Brent oil price dives below critical $40 a barrel mark
December 8, 2015
Brent oil price dives below critical $40 a barrel mark
Brent crude oil price dived below US$40 per barrel mark on Tuesday with OPEC's decision to not declare an official…
EGPC denies report it is negotiating to delay dollar repayments
December 8, 2015
EGPC denies report it is negotiating to delay dollar repayments
Egyptian General Petroleum Corp (EGPC) denied on Tuesday that it was negotiating with banks to delay dollar payments owed to…
Egypt’s market loses LE6.4 bn on Tuesday, EGX30 drops 2.5%
December 8, 2015
Egypt’s market loses LE6.4 bn on Tuesday, EGX30 drops 2.5%
Egypt's market suffered losses during Tuesday's session, with the benchmark index EGX30 dropping by 2.51 percent, reaching 6,608 points and…