Business

The total losses of the National Railway Authority in 2014-2015 are estimated at LE3 billion. The authority’s designated budget is LE17.3…

Egyptian General Petroleum Company (EGPC) is in negotiations with several international banks to receive a US$1.5 billion loan to pay…

The number of tourists visiting Egypt in May 2014 reached 768,000, a drop of 20.7 percent compared to 969,000 in…

Minister of Supply and Internal Trade Khaled Hanafy announced that 20 new subsidized goods would be on the market starting…

Aviation Minister Hossam Kamal said prices for domestic flights will be reduced by 20 percent as a bid to encourage…

The maximum wage, set at LE42,000 per month, is scheduled to come into effect by the end of July.  The law…

Saudi Arabia ranked first among countries that imported Egyptian goods during the first five months of 2014 with more than…

Egypt, one of the world's largest wheat importers, said on Thursday it had enough wheat to last for six months."Through…

Stock indices rose collectively on Wednesday, supported by purchases of foreign investors against sales of Arab and Egyptian investors. 

Experts predicted an increase in the inflation rate from the fuel and food commodities price rises. However, they said government measures…