Business

Mehleb to BP: Paying our dues to foreign companies is our top priority

Mehleb to BP: Paying our dues to foreign companies is our top priority

Prime Minister Ibrahim Mehleb and the Egyptian Petroleum Minister met on Sunday with British Petroleum (BP) CEO Bob Dudley at…
Egyptian pound steady on official market, stronger on black market

Egyptian pound steady on official market, stronger on black market

Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Sunday while…
UPDATED: Reports conflicting on the financier of Egypt’s new capital

UPDATED: Reports conflicting on the financier of Egypt’s new capital

Conflicting reports have emerged over the identity of the Emirati company that will finance the US$45 billion new administrative capital…
VISA: 30 million Egyptians carry out financial transactions outside legal channels

VISA: 30 million Egyptians carry out financial transactions outside legal channels

The MENA Regional Manager of VISA Inc., Tareq al-Husseiny, has announced that his company had prepared a draft strategy for…
Minister: Egypt aims for tourism revenue of up to $9.5bn in 2015

Minister: Egypt aims for tourism revenue of up to $9.5bn in 2015

Egypt aims to receive 11-11.5 million tourists in 2015 and generate revenue of $9-$9.5 billion, new tourism minister Khaled Rami…
LE500 million from Long Live Egypt to be allocated for slum upgrading

LE500 million from Long Live Egypt to be allocated for slum upgrading

Mahmoud Abdel Latif, CEO of the Long Live Egypt fund (306306), has announced the plan to merge it with the…
Old Sharm el-Sheikh had 3 hotels guarded by 6 policemen

Old Sharm el-Sheikh had 3 hotels guarded by 6 policemen

Sharm el-Sheikh’s residents and visitors never expected tourism would develop the small diving camp so quickly over the past 35…
10 facts on the new administrative capital

10 facts on the new administrative capital

On Friday, the world’s attention was turned to Sharm el-Sheikh city where President Abdel Fattah al-Sisi addressed the Egypt Economic…
Naguib Sawiris on investments, taxes

Naguib Sawiris on investments, taxes

Businessman Naguib Sawiris told Al-Masry Al-Youm in an interview that his family had decided to inject fresh investments worth US$5…
EFSA chief talks investments, EEDC

EFSA chief talks investments, EEDC

Sherif Sami, Chairman of the Egyptian Financial Supervisory Authority (EFSA), said that the Sharm el-Sheikh economic summit is a “display…
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