Business
Egypt eyes 9 oil deals worth US$2.2 billion
July 16, 2015
Egypt eyes 9 oil deals worth US$2.2 billion
Egypt is preparing for the signing of nine petroleum deals which were approved in a recent Cabinet meeting, Petroleum Minister…
EGPC: Cooperation with Iran up to ‘sovereign authorities’
July 16, 2015
EGPC: Cooperation with Iran up to ‘sovereign authorities’
Egypt’s petroleum corporation has said that any future cooperation with Iran- after a nuclear deal with major world powers will…
Etisalat to settle dispute with Mobinil, Vodafone in weeks
July 16, 2015
Etisalat to settle dispute with Mobinil, Vodafone in weeks
The executive director of the Etisalat Misr company, Ossama Yassin, is expecting Etisalat to settle the dispute with Vodafone and…
Greece threatens to ban Egyptian imports in response to Egypt cotton export ban
July 15, 2015
Greece threatens to ban Egyptian imports in response to Egypt cotton export ban
The Egyptian Foreign Ministry has received a letter from the government of Greece, objecting to the Egyptian government's decision to…
Moody’s upgrades Egypt’s banking system’s outlook to stable
July 15, 2015
Moody’s upgrades Egypt’s banking system’s outlook to stable
Moody's Investors Service says it has upgraded Egypt's banking system outlook to stable from negative, expecting the sector's operating conditions…
EGX closed Sunday, Monday for Eid al-Fitr vacation
July 15, 2015
EGX closed Sunday, Monday for Eid al-Fitr vacation
The Egyptian Exchange, Egypt’s stock market, said Wednesday it is closing next Sunday and Monday during the celebrations of the…
Egypt’s market gains LE7 billion on Wednesday, EGX30 jumps 2.6%
July 15, 2015
Egypt’s market gains LE7 billion on Wednesday, EGX30 jumps 2.6%
Egypt's market extended its recovery on Wednesday's session, as the benchmark EGX30 index jumped by 2.55 percent, recording 7,882.62 points…
CAPMAS: Wages in government economic institutions and public companies increase by 13% in 2013/2014
July 15, 2015
CAPMAS: Wages in government economic institutions and public companies increase by 13% in 2013/2014
The wages in the government economic institutions and public companies increased by 13 percent to reach LE18.4 billion (US$2.4 billion)…
Wheat strategic reserves cover Egypt’s needs until mid-February
July 15, 2015
Wheat strategic reserves cover Egypt’s needs until mid-February
Khaled Hanafy, Minister of Supply and Internal Trade, announced that the strategic reserves of local and imported wheat are sufficient…
Investor: 60% of hotel guests in Eid al-Fitr are Egyptians
July 15, 2015
Investor: 60% of hotel guests in Eid al-Fitr are Egyptians
The hotel occupancy rate in Egypt during Eid al-Fitr holidays is expected to reach 100 percent in most tourist cities,…