Business
Official: Samsung plans to invest US$35 million in Egyptian market
August 26, 2014
Official: Samsung plans to invest US$35 million in Egyptian market
The Korean company Samsung plans to pump new investments of up to US$35 million in its factory at Koam Abu…
Egypt to pay back US$500 mn to Qatar in October
August 26, 2014
Egypt to pay back US$500 mn to Qatar in October
Central Bank of Egypt (CBE) Governor Hesham Ramez said Qatar has US$500 million in Egypt that will be paid back…
Suez Canal revenues in July US$482.2 million
August 25, 2014
Suez Canal revenues in July US$482.2 million
An official source at the Suez Canal Authority said on Monday that total revenues of the canal in July of…
Trade balance deficit reaches LE17.3 billion
August 25, 2014
Trade balance deficit reaches LE17.3 billion
The trade balance deficit declined to LE17.3 billion in May 2014, compared to LE24.3 billion during the same period last…
Sisi: Unsubsidized metro ticket price would reach LE9
August 24, 2014
Sisi: Unsubsidized metro ticket price would reach LE9
President Abdel Fattah al-Sisi has said that public transportation will continue to be subsidized, including the metro, with ticket prices…
Finance Minister: Real estate tax bills sent, challenges within 60 days
August 24, 2014
Finance Minister: Real estate tax bills sent, challenges within 60 days
Finance Minister Hani Qadri Demian said on Sunday that the Real Estate Tax Authority began sending notification letters for the…
Minister: New Suez Canal’s investment certificates expected to cover digging costs
August 24, 2014
Minister: New Suez Canal’s investment certificates expected to cover digging costs
Investment Minister Ashraf Salman said the investment certificates that will fund the digging of the new Suez Canal are expected…
Minister: Egypt seeks wheat self-sufficiency by 75% in 3 years
August 23, 2014
Minister: Egypt seeks wheat self-sufficiency by 75% in 3 years
Egypt is targeting self-sufficiency in wheat production by 75 percent by the end of 2017, Agriculture Minister Adel al-Beltagy said…
Government says exported commodities down by 3% in July
August 23, 2014
Government says exported commodities down by 3% in July
Egyptian exported commodities dropped by percent in July, a government report said Saturday. The report by the Ministry of Trade and…
Agriculture Ministry to provide meat at LE50 per kilo in Eid al-Adha
August 22, 2014
Agriculture Ministry to provide meat at LE50 per kilo in Eid al-Adha
The Ministry of Agriculture and Land Reclamation announced its plans to provide large quantities of meat at various municipal distribution…