Business
Cairo stops subsidies to farmers of cotton, once Egypt’s “white gold”
January 6, 2015
Cairo stops subsidies to farmers of cotton, once Egypt’s “white gold”
Growers of Egypt's high quality cotton will no longer receive any state support and have been advised not to plant…
Farmers, traders slam government’s decision to stop cotton subsidy
January 6, 2015
Farmers, traders slam government’s decision to stop cotton subsidy
The Supreme Organizing Committee of Cotton Trade will convene on Thursday to discuss the consequences of the Agriculture Ministry's decision…
Egypt’s market loses $1.3 bn on Tuesday, fresh drop in oil prices
January 6, 2015
Egypt’s market loses $1.3 bn on Tuesday, fresh drop in oil prices
Egypt's market declined on Tuesday's session with EGX30 closing 2.35 percent down, due to a fresh fall in oil prices…
Study: Egyptian-Kuwaiti cumulative investments exceeded $16 billion over past 4 decades
January 6, 2015
Study: Egyptian-Kuwaiti cumulative investments exceeded $16 billion over past 4 decades
A study on Egyptian-Kuwaiti relations revealed that the cumulative investments between the two countries exceeded US$16 billion over the past…
Minister: Industrial companies to pay only for actual consumption of natural gas
January 6, 2015
Minister: Industrial companies to pay only for actual consumption of natural gas
The prime minister has approved the Industry Ministry's proposal to allow industrial companies using natural gas to pay for their…
Central bank: Egypt money supply up 15.65 pct in November
January 6, 2015
Central bank: Egypt money supply up 15.65 pct in November
Egypt's M2 money supply was up 15.65 percent at the end of November from a year earlier, the central bank…
Egypt’s market gains LE1.93 billion on Monday, EGX30 Index up 0.77 pct
January 5, 2015
Egypt’s market gains LE1.93 billion on Monday, EGX30 Index up 0.77 pct
Egypt's market rose on Monday's session with EGX30 closing 0.77 percent up, recording 9,011.7 points and a turnover of LE…
Newspaper: Army to hold 30% of unified telecom body
January 5, 2015
Newspaper: Army to hold 30% of unified telecom body
The Egypt’s government bodies will own 60 percent of the unified telecommunication entity it intends to establish and task with…
Egyptian pound steady in official market, stronger on black market
January 5, 2015
Egyptian pound steady in official market, stronger on black market
The Egyptian pound held steady at a central bank dollar sale on Monday and strengthened on the black market.The bank…
Sewedy to install $706 mn in power stations for electricity ministry
January 5, 2015
Sewedy to install $706 mn in power stations for electricity ministry
El Sewedy Electric has announced that one of its subsidiaries has signed two contracts for the importing, installation and test…