Business
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…
Egypt to offer dollar-denominated bonds before end of June
March 17, 2015
Egypt to offer dollar-denominated bonds before end of June
Egypt will offer dollar-denominated bonds between US$1.5 billion and $2 billion by the end of the current fiscal year, Finance…
Egypt’s market loses LE2bn on Monday, EGX30 fall 2%
March 16, 2015
Egypt’s market loses LE2bn on Monday, EGX30 fall 2%
Egypt's market main index EGX30 fell 2.03 percent on Monday's session to record 9,529.01 points with a total turnover of…
C.bank governor: Gulf allies’ cbank funds to arrive in Egypt within days
March 16, 2015
C.bank governor: Gulf allies’ cbank funds to arrive in Egypt within days
Central bank deposits that Egypt's Gulf allies pledged at an investment summit will arrive in the country within days, the…
Egyptian pound steady on official market, firms on black market
March 16, 2015
Egyptian pound steady on official market, firms on black market
Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Monday,…
Official: Trade exchange between Egypt and Poland reaches US$400 billion
March 16, 2015
Official: Trade exchange between Egypt and Poland reaches US$400 billion
The trade volume between Egypt and Poland is estimated at US$400 billion, according to Commercial Minister Plenipotentiary Galal al-Sawy, head…
Dubai’s Emaar says not part of Egypt’s capital city project
March 16, 2015
Dubai’s Emaar says not part of Egypt’s capital city project
Dubai's Emaar Properties is not involved in a project to build a new administrative capital city in Egypt, it said…