Business

Suez Canal certificates push up Hermes expectations for Egypt’s budget deficit to 11.3%

Suez Canal certificates push up Hermes expectations for Egypt’s budget deficit to 11.3%

EFG Hermes revises its budget fiscal deficit forecast to 11.3 percent of the country's GDP (compared to the previous 10.9…
Egypt’s revenues from foreign partner’s oil companies $1 billion monthly

Egypt’s revenues from foreign partner’s oil companies $1 billion monthly

Egypt's state-run Egyptian General Petroleum Corporation (EGPC) announced that Egypt received a share of the foreign partner’s oil and gas…
Negotiations with OPEC to build power plants

Negotiations with OPEC to build power plants

A senior official said the government agreed to negotiate with the OPEC Fund for International Development (OFID) to build power…
Official report: Cotton production reaches 106,472 metric tons in 2014

Official report: Cotton production reaches 106,472 metric tons in 2014

An official report by Ministry of Agriculture has shown that the total production of cotton in Egypt this year reached…
Suez Canal revenues up 8 percent in July

Suez Canal revenues up 8 percent in July

The Cabinet Information and Decision Support Center said Suez Canal revenues rose in July by 8.6 percent to US$482.2 million…
Law firm: Egypt must cut red tape to win investors in second Suez canal

Law firm: Egypt must cut red tape to win investors in second Suez canal

Egypt must strip back bureaucracy to attract investment in its planned second Suez canal and bring in new laws making…
Govt to form body for the development and use of new energy

Govt to form body for the development and use of new energy

The Cabinet has on Wednesday passed a draft resolution to form a body for the development and use of new…
Wheat reserves sufficient until mid February

Wheat reserves sufficient until mid February

Egypt has contracted for the purchase of 180,000 tons of French wheat needed for the production of local subsidized bread. The…
Arab network for labor market information

Arab network for labor market information

Minister of Manpower and Immigration Nahed Ashry and Ahmed Luqman, director general of the Arab Labor Organization, on Tuesday launched…
Stock market earns LE3.5 bn

Stock market earns LE3.5 bn

Stock indices went up on Tuesday, supported by purchases of Egyptian and Arab investors and coinciding with the Euromoney conference…
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