Business

Crisis with Saudi investor over NUBASEED almost over

Crisis with Saudi investor over NUBASEED almost over

The government has almost put an end to one of the longest conflicts between the state and foreign investors, which…
Govt begins wide-scale reconciliations with investors, former officials

Govt begins wide-scale reconciliations with investors, former officials

A number of ministries and state agencies started intensive negotiations to conduct reconciliation on a wide scale with a number…
Egypt tourism revenues more than double in third quarter

Egypt tourism revenues more than double in third quarter

Egypt's tourism revenues jumped 112 percent to about $2 billion in the third quarter of 2014, a tourism ministry official…
Military buys two marble plants

Military buys two marble plants

Armed forces’ National Service Project Organization purchased two marble plants in the cities of Badr and New Beni Suef, within…
Egypt’s stock market gains LE2.17 billion on Sunday, EGX30 up 0.79%

Egypt’s stock market gains LE2.17 billion on Sunday, EGX30 up 0.79%

The Egyptian stock exchange closed Sunday on a positive note for the third consecutive session with a turnover of LE778…
Sawiris attacks govt over unified telecoms license

Sawiris attacks govt over unified telecoms license

Business tycoon Naguib Sawiris, the former owner of the Egyptian mobile services company Mobinil, attacked the Egyptian government on Saturday evening…
First batch of Suez canal certificate profits nears LE1.9 million

First batch of Suez canal certificate profits nears LE1.9 million

High turnout was seen at local banks operating on Sunday as they began to disburse profits from the new Suez Canal…
Govt finishes subsidy lifting scheme pending approval by next parliament

Govt finishes subsidy lifting scheme pending approval by next parliament

The government has concluded a scheme to lift energy subsidies, according to a senior official, but added that it will…
UAE-Egypt alliance expands to desert wheat venture

UAE-Egypt alliance expands to desert wheat venture

Egypt and two companies from its strong backer United Arab Emirates have embarked on an ambitious plan to grow wheat…
IMF: Egypt’s economic plan is good

IMF: Egypt’s economic plan is good

Counselor at the International Monetary Fund's (IMF) Middle Eastern and Central Asian Department Christopher J. Jarvis stressed that the Egyptian…
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