Business
Nine steps taken to reform Egypt’s energy system
March 13, 2015
Nine steps taken to reform Egypt’s energy system
- Government decree issued in June 2014, restructuring the energy subsidization system and gradually raising energy prices by 2019.- Repayment…
Egyptian Tourism Authority to present 4 projects at the economic summit
March 13, 2015
Egyptian Tourism Authority to present 4 projects at the economic summit
The state-run Holding Company for Tourism, Hotels & Cinema (HOTAC) has obtained the final approval from the organizers of the…
Finance Ministry unrolls government’s economic and financial policy
March 13, 2015
Finance Ministry unrolls government’s economic and financial policy
Finance Minister Hany Qadry Dimian says he will unroll the government’s monetary and economic policy during the Egypt Economic Development…
GE delivers 34 turbines to Egypt, to invest $200 mn
March 13, 2015
GE delivers 34 turbines to Egypt, to invest $200 mn
General Electric is investing $200 million in a manufacturing and training facility in Egypt's Suez City and had delivered a…
PM in seminar by Al-Masry Al-Youm: Economic summit already bodes good news
March 13, 2015
PM in seminar by Al-Masry Al-Youm: Economic summit already bodes good news
A seminar organized by Al-Masry Al-Youm at the office of Prime Minister Ibrahim Mehleb late Saturday had witnessed a heating…
Egypt’s trade deficit rises to LE21.88bn in Dec 2014
March 12, 2015
Egypt’s trade deficit rises to LE21.88bn in Dec 2014
Egypt's trade deficit widened toLE 21.88 billion in December 2014, from LE17.96 billion a year earlier, the state's Central Agency…
Egyptian pound steady on official market
March 12, 2015
Egyptian pound steady on official market
Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Thursday.The…
Egypt’s dollar shortage squeezes private wheat importers
March 12, 2015
Egypt’s dollar shortage squeezes private wheat importers
Egypt's currency market reforms are inflicting a heavy toll on many private sector wheat traders struggling to secure shipments for…
Egypt’s market loses LE1.3bn on Thursday, while EGX30 up 0.67%
March 12, 2015
Egypt’s market loses LE1.3bn on Thursday, while EGX30 up 0.67%
Egypt's market main index EGX30 on Thursday closed up 0.67precent to record 9,640.7 points with a total turnover of LE567…
EFG Hermes predicts a US$6-8 bn funding gap in 2015-2017
March 12, 2015
EFG Hermes predicts a US$6-8 bn funding gap in 2015-2017
One of the leading investment banks in the Arab World has predicted Egypt’s funding gap to hover between US$6-8 billion…