Business
Egyptian pound held steady by central bank but weakens on black market
March 18, 2015
Egyptian pound held steady by central bank but weakens on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Wednesday, while…
2 monks injured in fight over Wadi al-Rayan monastery
March 18, 2015
2 monks injured in fight over Wadi al-Rayan monastery
Two monks were injured in a fight on Monday due to a disagreement over the Macarius Monastery in Wadi al-Rayan. Some…
Critics: Canceling visas to individual tourists ‘catastrophic’
March 18, 2015
Critics: Canceling visas to individual tourists ‘catastrophic’
The Foreign Ministry's decision to cancel visas for individual tourists has raised controversy within the tourism industry which calls it…
UPDATE: Israel’s Tamar group to sell gas to Egypt via pipeline
March 18, 2015
UPDATE: Israel’s Tamar group to sell gas to Egypt via pipeline
A group of private customers in Egypt have agreed to buy at least $1.2 billion of natural gas from Israel's…
Egypt’s market gains LE1.65 bn on Tuesday, EGX30 up 0.34 %
March 17, 2015
Egypt’s market gains LE1.65 bn on Tuesday, EGX30 up 0.34 %
Egypt's market main index EGX30 inched 0.34 percent up on Tuesday's session to record 9,561.33 points with a total turnover…
Egypt, UNIDO sign US$6.5 million agreement to promote renewable energy sources and technologies
March 17, 2015
Egypt, UNIDO sign US$6.5 million agreement to promote renewable energy sources and technologies
Egypt and UNIDO have signed a cooperation agreement over a campaign to promote new and renewable energy sources in heating…
Ministry signs US$9.6 billion deal for coal-fired electricity plan
March 17, 2015
Ministry signs US$9.6 billion deal for coal-fired electricity plan
The Electricity Ministry said on Tuesday it has signed a memorandum of understanding (MOU) with the joint-stock petroleum company Tharwa for…
Egypt to import 35 cargoes of LNG from Russia’s Gazprom
March 17, 2015
Egypt to import 35 cargoes of LNG from Russia’s Gazprom
Egypt state company EGAS has signed a deal to import 35 cargoes of liquefied natural gas (LNG) from Russia's Gazprom…
OCI, IPIC sign deal for Egyptian coal-powered plant
March 17, 2015
OCI, IPIC sign deal for Egyptian coal-powered plant
Orascom Construction Industries (OCI) said Tuesday it had reached an agreement with the International Petroleum Investment Company (IPIC) for the…
6.3 million tax assessment letters dispatched to residences
March 17, 2015
6.3 million tax assessment letters dispatched to residences
Approximately 6.3 million tax assessment letters for residential units and 1.8 million commercial, industrial and service activities' units, including roughly 1,000…