Business
Losses of LE150 million expected from ‘Umrah crisis’
May 26, 2015
Losses of LE150 million expected from ‘Umrah crisis’
Eight Saudi travel agencies have been closed by Saudi authorities and 153 Egyptian travel agencies that once worked with them…
Egypt considers Russian jets for its national airliner
May 26, 2015
Egypt considers Russian jets for its national airliner
Russia has offered Egypt a Sukhoi Superjet for its national airline, EgyptAir, an official source at the Civil Aviation Ministry…
Egypt minister expects investments worth $45 bn in renewable energy within decade
May 25, 2015
Egypt minister expects investments worth $45 bn in renewable energy within decade
Investment Minister Ashraf Salman said it is expected that investments worth $45 billion will be pumped into Egypt's new and…
CAPMAS: Egyptian cotton exports nearly double in second agricultural quarter
May 25, 2015
CAPMAS: Egyptian cotton exports nearly double in second agricultural quarter
Total Egyptian cotton exports rose by 94.3 percent year on year, in the period from December 2014 to February 2015,…
22% increase in Egyptian exports to Russia in 2014
May 25, 2015
22% increase in Egyptian exports to Russia in 2014
Trade and Industry Minister Mounir Fakhry Abdel Nour said the trade balance between Egypt and Russia has boomed from $3…
Egypt’s Carbon Holding eyes $4 bln loan by for petchem project
May 25, 2015
Egypt’s Carbon Holding eyes $4 bln loan by for petchem project
Egypt's Carbon Holdings hopes to conclude a $4 billion debt financing with export credit agencies to back its $7.4 billion…
AfDB: Africa’s GDP growth seen at pre-economic crisis levels
May 25, 2015
AfDB: Africa’s GDP growth seen at pre-economic crisis levels
African economies will grow 4.5 percent this year and 5 percent in 2016 due to rising demand for exports, the…
Egypt’s market losses LE2.5 bn on Monday, EGX30 down 0.78%
May 25, 2015
Egypt’s market losses LE2.5 bn on Monday, EGX30 down 0.78%
Egypt's market closed in the red zone for Monday's session, as the benchmark EGX30 Index decreased 0.78 percent reaching 9,050.76points…
Italian donors raise credit limit financing Italian projects in Egypt to 10 billion euros
May 25, 2015
Italian donors raise credit limit financing Italian projects in Egypt to 10 billion euros
Trade and Industry Minister Mounir Fakhry Abdel Nour said Italian donors, which include Italian banks and the Italian Loan Guarantee…
Food supply minister tackles Egyptian investment projects with Russians
May 25, 2015
Food supply minister tackles Egyptian investment projects with Russians
Domestic Trade and Food Supply Minister Khaled Hanafy tackled investment issues with an alliance of major Russian companies on Monday. The…