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Minister: Government targets increasing coal investments up to US$30 billion

Minister: Government targets increasing coal investments up to US$30 billion

Government plans to increase its investment in the coal sector to up to US$30 billion in five years, according to…
Expert: Egyptian government benefits from biting housing crisis

Expert: Egyptian government benefits from biting housing crisis

The Egyptian government, being the country’s largest landowner, is benefitting from the housing crisis, characterized by housing prices going beyond…
Egypt issues $1.302 bn in dollar-denominated t-bills at avg yield of 2.643%

Egypt issues $1.302 bn in dollar-denominated t-bills at avg yield of 2.643%

Egypt's central bank sold $1.302 billion in one-year, dollar-denominated treasury bills at an average yield of 2.643 percent at its…
Egypt’s market ends flat on Monday

Egypt’s market ends flat on Monday

Egypt's benchmark index ended Monday's session flat, recording 8,691.85 points, with a turnover of LE434 million, according to the data…
Egypt’s Amer Group jumps in Q1 profit

Egypt’s Amer Group jumps in Q1 profit

Amer Group's first-quarter net profit jumped to LE16.4 million (US$2.1 million) from LE2 million a year earlier, the Egyptian real…
Ministry on alert amid price hike speculations before Ramadan

Ministry on alert amid price hike speculations before Ramadan

The Supply Ministry has said it is ready to confront widely-speculated price hikes during the holy fasting month of Ramadan,…
Housing Ministry, AFESD ink LE1.2bn loan deal

Housing Ministry, AFESD ink LE1.2bn loan deal

Housing Minister Mostafa Madboly said that the ministry has finalized a loan deal with the Arab Fund for Economic and…
Egypt’s market loses LE2.2 billion on Sunday, EGX30 down 0.58%

Egypt’s market loses LE2.2 billion on Sunday, EGX30 down 0.58%

Egypt's market closed in the red zone on Sunday's session, as the EGX30 went down by 0.58 percent, reaching 8,692.00…
Finance Ministry: No one will get subsidized fuel without smart cards

Finance Ministry: No one will get subsidized fuel without smart cards

Deputy Finance Minister Amr Badawy said no gasoline will be disbursed at a subsidized price without the use of smart…
Government negotiations on compromise for Tanta Flax Company crisis

Government negotiations on compromise for Tanta Flax Company crisis

Chemical Industries Holding Company (CIHC), a business sector company, started a new round of negotiations with Saudi investor Abdellah al-Kahky…
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