Business

Finance Ministry: Cost of food imports down 31.5% in 5 months

Finance Ministry: Cost of food imports down 31.5% in 5 months

The value of foodstuffs imported by Egypt has gone down by 31.5 percent in five months, the Egyptian Tax Authority…
Traders: Higher price of US dollars, Syrian war behind Ramadan price hikes

Traders: Higher price of US dollars, Syrian war behind Ramadan price hikes

With Ramadan at our doorstep, sacks of dates have appeared in Al-Sayyeda Zeinab market, each carrying a different name and…
Minister: Amlak fund not to be managed by govt

Minister: Amlak fund not to be managed by govt

Planning, Follow-up and Administrative Reform Minister Ashraf al-Araby has announced that the Amlak investment fund will not be managed by the…
French business association to visit New Suez Canal

French business association to visit New Suez Canal

A French delegation is scheduled to visit the New Suez Canal Project on Wednesday, in order to explore investment opportunities…
Egyptian pound steady at official auction and on black market

Egyptian pound steady at official auction and on black market

 Egypt's central bank kept the pound's exchange rate steady at 7.53 to the dollar at a foreign exchange auction on…
Steel price declines between LE100-300 in June

Steel price declines between LE100-300 in June

Steel companies have declared the lowest prices for its products during the month of June. Seven companies reduced the prices…
Egypt’s Palm Hills agrees $98 million loan through subsidiary

Egypt’s Palm Hills agrees $98 million loan through subsidiary

Palm Hills, Egypt's second largest listed real estate developer, has agreed a medium-term loan worth 750 million Egyptian pounds ($98.3…
Cyprus seeks private investment for biggest port

Cyprus seeks private investment for biggest port

Bailed out Cyprus said on Monday it was seeking investors to manage and develop its largest port of Limassol as…
Lebanon’s Bank Audi aims to double Egypt earnings by 2017

Lebanon’s Bank Audi aims to double Egypt earnings by 2017

Lebanon's Bank Audi aims to double its assets and earnings in Egypt by 2017 as it bets on a continued…
Egyptian stock market announces Ramadan working hours

Egyptian stock market announces Ramadan working hours

The Egyptian stock market announced the trading hours during the month of Ramadan on Monday. The EGX official website said in…
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