Business
Electricity Ministry signs contract at LE49 million to expand Tebbeen transformers station
February 24, 2015
Electricity Ministry signs contract at LE49 million to expand Tebbeen transformers station
A contract has been signed on Monday to expand Al-Tebbeen electrical transformers station, according to Ahmed al-Hanafy, chief of the…
Finance Ministry defends increase on cigarette prices
February 24, 2015
Finance Ministry defends increase on cigarette prices
The Finance Ministry has defended a recent decision by Egypt’s Presidency to increase taxes on local and imported cigarettes as a…
Govt to apply butane gas smart cards
February 24, 2015
Govt to apply butane gas smart cards
The government has approved starting the application of smart cards for the distribution of butane gas, having claimed the system’s…
Minister: Egypt’s budget deficit to become surplus by FY16/17
February 24, 2015
Minister: Egypt’s budget deficit to become surplus by FY16/17
Trade and Industry Minister Mounir Fakhry Abdel Nour said that the government economic reforms and the gradual reduction of energy prices…
Egypt to begin constructions in housing megaproject soon
February 24, 2015
Egypt to begin constructions in housing megaproject soon
Egypt will soon begin construction for the first stage of a major housing scheme, targeting one million homes over 160…
Egypt’s market gains LE2.9 billion on Monday, EGX30 rises 1.1%
February 23, 2015
Egypt’s market gains LE2.9 billion on Monday, EGX30 rises 1.1%
Egypt's market increased Monday’s session, with the EGX30 Index up 1.12 percent to record 9,601.14 points and turnover of LE1.648…
Egyptian pound steady at official auction, stronger on black market
February 23, 2015
Egyptian pound steady at official auction, stronger on black market
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Monday. A…
Chemical industries exports decline by 31% in January
February 23, 2015
Chemical industries exports decline by 31% in January
Several exporters have criticized the government, accusing it of ignoring the troubling issues in the industry sector and of putting…
OTMT sells stake in Mobinil to Orange
February 23, 2015
OTMT sells stake in Mobinil to Orange
Orange, formerly France Telecom, and Orascom Telecom Media and Technology Holding (OTMT) have declared reaching agreement on selling total shares…
Study: Egypt to be among 32 largest economies
February 23, 2015
Study: Egypt to be among 32 largest economies
Egypt is projected to become one of the 32 largest economies in the next 35 years, joining a list of…