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Official: Samsung plans to invest US$35 million in Egyptian market

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

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

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

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

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

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

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

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

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

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…
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