Business
Lactalis subsidiary tops rival bid for Egypt’s Arab Dairy
January 15, 2015
Lactalis subsidiary tops rival bid for Egypt’s Arab Dairy
A subsidiary of Europe's biggest dairy group Lactalis has raised its offer for Egypt's Arab Dairy to 60.5 Egyptian pounds…
Egypt expects $500 million in savings from importing LNG due to oil price drop
January 15, 2015
Egypt expects $500 million in savings from importing LNG due to oil price drop
The cost of importing LNG to Egypt will decrease US$0.5 billion annually to $2 billion as a result of the…
Egypt’s market gains LE6.04 billion on Wednesday, EGX30 raises 2.5%
January 14, 2015
Egypt’s market gains LE6.04 billion on Wednesday, EGX30 raises 2.5%
Egypt's market maintained its positive performance on Wednesday for the third consecutive session triggered by local and foreign institutions buying…
Egypt hosts meeting to unify African positions in WTO negotiations
January 14, 2015
Egypt hosts meeting to unify African positions in WTO negotiations
Minister of Trade and Industry Mounir Fakhry Abdel-Nour said that Egypt has called for a meeting on 18 January to…
Newspaper: Gazprom to supply Egypt 35 LNG shipments over five years
January 14, 2015
Newspaper: Gazprom to supply Egypt 35 LNG shipments over five years
Egyptian Minister of Petroleum Sherif Ismail announced that an initial agreement has been made with Russia’s Gazprom to supply around…
Paper: Finance Ministry disburses LE275 million to state-owned newspapers
January 14, 2015
Paper: Finance Ministry disburses LE275 million to state-owned newspapers
The Ministry of Finance disbursed few weeks ago LE275 million to state-owned newspapers to cover needed expenses, Finance Minister Hany…
Telecom Egypt in LE15 bn deal with Mobinil, Vodafone for international calls
January 14, 2015
Telecom Egypt in LE15 bn deal with Mobinil, Vodafone for international calls
Egypt’s sole landline telephone service provider, Telecom Egypt, said on Tuesday it signed a LE15 billion deal with mobile phone…
Eni signs agreements for two offshore exploration blocks in Egypt
January 14, 2015
Eni signs agreements for two offshore exploration blocks in Egypt
Italian oil and gas major Eni said on Wednesday it had signed concession agreements to explore two new blocks in…
Egypt finishes invitations for economic summit soon
January 14, 2015
Egypt finishes invitations for economic summit soon
Egypt might be done with sending all invitations for its international economic summit, slated for 13-15 March in the resort…
Russian tourists to be exempted from fees of visa to Egypt until May
January 14, 2015
Russian tourists to be exempted from fees of visa to Egypt until May
The ministries of tourism, finance, foreign and interior affairs will start exempting Russian tourists to Egypt from the US$25 visa…