Business

Supply minister unveils several projects underway

Supply minister unveils several projects underway

Supply and Domestic Trade Minister Khaled Hanafy said that President Abdel Fattah al-Sisi approved a proposal that he submitted to…
Israel’s Tamar group looks to sell gas to Egypt via EMG pipeline

Israel’s Tamar group looks to sell gas to Egypt via EMG pipeline

The partners in Israel's offshore Tamar gas field said on Sunday they are negotiating the sale of at least 5…
Egypt’s natural gas exports drop 86.4% in August

Egypt’s natural gas exports drop 86.4% in August

Egypt's exports of natural gas has declined by 86.41 percent during the month of August to US$26 million from $192…
EGX demands listed companies to disclose their financial and operational position

EGX demands listed companies to disclose their financial and operational position

The Egyptian Exchange management has requested from the listed companies to reveal the latest financial and operational position and if…
Egypt’s broadband market worth LE310 bn by 2030

Egypt’s broadband market worth LE310 bn by 2030

The Egyptian government estimates that the productivity gain to 2030 driven by an unconstrained mobile broadband market is worth around…
Steel protectionism stokes price hikes fears

Steel protectionism stokes price hikes fears

Steel traders have warned that imposing protectionism fees on their imports indicate a possible return to market hegemony for influential…
Oil rises above $87 as investors say market oversold

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

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

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

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…
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