Business
Transportation Ministry mulls amending DIPCO, DP World contracts
January 5, 2015
Transportation Ministry mulls amending DIPCO, DP World contracts
Transportation Minister Hany Dahy, along with heads of seaport authorities and maritime transport sector, will try to modify the contract of…
Egypt’s market gains LE1.2 billion on Sunday, EGX30 Index inches up 0.18 pct
January 4, 2015
Egypt’s market gains LE1.2 billion on Sunday, EGX30 Index inches up 0.18 pct
Egypt's market a slight increase on Sunday's session with EGX30 closing 0.18 percent up, recording 8942.65 points and a turnover…
Egypt’s Suez Canal revenue rises 11.4 pct to $5.5 billion in 2014
January 4, 2015
Egypt’s Suez Canal revenue rises 11.4 pct to $5.5 billion in 2014
Twenty dredgers are currently working in the new Suez Canal, managing to finish underwater dredging operations for 24 million square…
Government will not purchase cotton crops: Minister
January 4, 2015
Government will not purchase cotton crops: Minister
The government will not support cotton crops during the coming agricultural season, said Agriculture Minister Adel al-Beltagy, who called on…
Egyptian pound steady in official market, gains on black market
January 4, 2015
Egyptian pound steady in official market, gains on black market
The Egyptian pound held steady at a central bank dollar sale on Sunday and made gains on the black market.The…
Egypt pays $700 million to Paris Club
January 4, 2015
Egypt pays $700 million to Paris Club
Egypt will pay US$700 million to Paris Club this month as the first installment of debt repayment in 2015 which…
UAE’s Dana Gas says receives $60 mln from Egyptian gov’t
January 4, 2015
UAE’s Dana Gas says receives $60 mln from Egyptian gov’t
Egypt's government has paid Dana Gas $60 million, part of overdue receivables totalling $212 million, the Abu Dhabi-listed firm said…
Chamber of tourism federation: Hotel occupancy reached only 12% by New Year
January 3, 2015
Chamber of tourism federation: Hotel occupancy reached only 12% by New Year
Hotel occupancy rates in the cities of Taba and Nuweiba ranged between 6-12 percent by the New Year, except for…
CAPMAS: 6.3% increase in industrial production value
January 2, 2015
CAPMAS: 6.3% increase in industrial production value
The Central Agency for Mobilization and Statistics (CAPMAS) asserted- in its statement issued yesterday- that the industrial production value soared…
BG Group receives $350 mln payment from Egypt
January 2, 2015
BG Group receives $350 mln payment from Egypt
Britain's BG Group said on Friday it had received a $350 million payment from the Egyptian government following the country's…