Business
Minister: Citizens will pay 25 piasters for kilo of subsidized sugar
July 26, 2014
Minister: Citizens will pay 25 piasters for kilo of subsidized sugar
Citizens will bear only 25 piasters of the actual cost of the kilo of subsidized sugar, said the Minister of…
International bidders compete for manufacture of 700 train cars
July 25, 2014
International bidders compete for manufacture of 700 train cars
Transport Minister Hany Dahy said Friday that international companies are vying to win a deal with the Egyptian side for…
Offshore platform to produce 150 million cubic feet of gas per day by 2016
July 22, 2014
Offshore platform to produce 150 million cubic feet of gas per day by 2016
The Petroleum Ministry said on Tuesday that the Italian company Edison began a new project in Egypt to produce natural…
Official: Suez Canal revenues up by US$136 million
July 22, 2014
Official: Suez Canal revenues up by US$136 million
An official source at the Suez Canal Authority said Monday that the revenues of the Suez Canal during the first…
Reforming Egypt’s black market – high hurdles, big rewards
July 21, 2014
Reforming Egypt’s black market – high hurdles, big rewards
The economist behind a plan to unlock at least $380 billion (222 billion pounds) worth of assets from Egypt's black…
Minister: Dayrout aqueducts to be renovated at LE428 million
July 21, 2014
Minister: Dayrout aqueducts to be renovated at LE428 million
Minister of Irrigation and Water Resources Hossam Moghazy has said that Dayrout aqueducts in Assiut will be renovated for LE428…
Sources: Mehleb instructed state bodies to reduce expenditures
July 20, 2014
Sources: Mehleb instructed state bodies to reduce expenditures
Prime Minister Ibrahim Mehleb has instructed all government bodies and ministries to reduce expenditures starting July as part of the…
European Bank allocates US$50 million to investment projects in Egypt
July 17, 2014
European Bank allocates US$50 million to investment projects in Egypt
Hildegard Gacek, director of the southern and eastern Mediterranean department of the European Bank for Reconstruction and Development, said the…
Government may raise fertilizer prices in October
July 17, 2014
Government may raise fertilizer prices in October
Official sources said the government is discussing today a dispute between the ministries of agriculture and trade over raising prices…
Minister: Economic reform will yield positive results
July 17, 2014
Minister: Economic reform will yield positive results
Finance Minister Hani Qadry said on Wednesday that the recent fiscal reforms will yield positive results in raising expectations about…