Business
Oil rises above $87 as investors say market oversold
October 17, 2014
Oil rises above $87 as investors say market oversold
Brent crude rose more than a dollar to above $87 a barrel on Friday, bouncing from near four-year lows as…
Egypt central bank keeps rates on hold, monitoring risks from global growth jitters
October 17, 2014
Egypt central bank keeps rates on hold, monitoring risks from global growth jitters
Egypt's central bank kept its main interest rates unchanged at a policy meeting on Thursday but said it was keeping…
Misr Beni Suef Cement to build coal mill
October 16, 2014
Misr Beni Suef Cement to build coal mill
Misr Beni Suef Cement announced on Wednesday, it reached an agreement to build a coal mill worth LE200 million in…
Minister: Cabinet agrees to resume rice exports
October 16, 2014
Minister: Cabinet agrees to resume rice exports
The Egyptian government will now allow rice exports once again in a move to help the country’s recovering economy, according…
Telecommunications Minister: Telecom Egypt mobile license in best interest of sector
October 16, 2014
Telecommunications Minister: Telecom Egypt mobile license in best interest of sector
Fierce attacks have been made by the privately-owned mobile carriers against the state-owned Telecom Egypt, after beginning measures to receive…
CAPMAS: Poverty in Egypt increases to 26.3% in 2012/2013
October 16, 2014
CAPMAS: Poverty in Egypt increases to 26.3% in 2012/2013
The number of people living below the poverty line in Egypt increased to 26.3 percent of the population in 2012/2013…
EGX30 drops to lowest level in three months, sheds LE38 billion in a week
October 16, 2014
EGX30 drops to lowest level in three months, sheds LE38 billion in a week
The Egyptian stock exchange has dropped to its lowest level in three months, with EGX30 falling 10 percent this week…
US health official allowed new Ebola patient on plane with slight fever
October 16, 2014
US health official allowed new Ebola patient on plane with slight fever
A second Texas nurse who has contracted Ebola told a US health official she had a slight fever and was…
Minister: State-owned companies so far valued at LE80 billion
October 16, 2014
Minister: State-owned companies so far valued at LE80 billion
The latest inquiries show the holding companies’ assets for state-owned companies are valued at LE80 billion, according to the recently-formed…
Cabinet signs agreement with steel factories to maintain price levels
October 16, 2014
Cabinet signs agreement with steel factories to maintain price levels
Prime minister Ibrahim Mehleb signed an agreement with steel factories to maintain price levels, after imposing a temporary import tariff…