Business
Food Supply Ministry considers providing commodities in return for garbage
November 2, 2014
Food Supply Ministry considers providing commodities in return for garbage
Domestic Trade and Food Supply Minister Khaled Hanafy said the ministry is considering a project that would give citizens free…
Saudi loan to support Egypt electricity and petroleum sectors
November 2, 2014
Saudi loan to support Egypt electricity and petroleum sectors
The government signed three deals on Saturday by which Egypt would obtain loans from the Saudi Fund for Development worth…
Minister: Egypt’s tourism increases 200% in September
November 1, 2014
Minister: Egypt’s tourism increases 200% in September
The flow of tourists to Egypt has increased tangibly over the past six months, according to Minister of Tourism, Hisham…
Govt grain hub targets considerable portion of world trade
November 1, 2014
Govt grain hub targets considerable portion of world trade
Egypt is seeking to influence 50 percent of the world’s wheat trade and 20 percent of the international grain exchange…
IMF to hold consultations with Egypt on Article IV next week
November 1, 2014
IMF to hold consultations with Egypt on Article IV next week
The International Monetary Fund (IMF) has announced that it will send a mission to Egypt, led by chief Chris Jarvis…
Stimulus package to boost international automotive investment in Egypt
October 31, 2014
Stimulus package to boost international automotive investment in Egypt
Egypt is preparing a package of incentives aimed at creating a sophisticated auto industry during the coming period through attracting…
EGX losses 22.4 billion, benchmark fells 7.1% during October 2014
October 30, 2014
EGX losses 22.4 billion, benchmark fells 7.1% during October 2014
The benchmark index EGX30 fell 7.1 percent during October 2014, recording 9,115.63 points from 9,811.40 at September's end, stock market…
New chemical project to produce 275,000 tons of caustic soda per year
October 30, 2014
New chemical project to produce 275,000 tons of caustic soda per year
Prime Minister Ibrahim Mehleb visited the Sanmar Chemicals factory in Port Said on Wednesday. The factory, which is the largest in…
Egypt’s stocks continue rally on Thursday, gain LE8.3 billion in a week
October 30, 2014
Egypt’s stocks continue rally on Thursday, gain LE8.3 billion in a week
The Egyptian stock exchange achieved a remarkable turnover in Thursday's session at LE1,058 million backed by institutions’ strong buying appetite…
Egyptian-Russian alliance on global logistic center for grains investment
October 30, 2014
Egyptian-Russian alliance on global logistic center for grains investment
A leading Russian investment company offered to set up an alliance with Egypt to participate and invest in the Global…