Business
Minister: Economic reform measures to benefit poor
July 8, 2014
Minister: Economic reform measures to benefit poor
A senior member of Egypt's Cabinet said that the recent economic reforms will directly benefit the poor. "Delaying the decision could…
Beltone says Hermes shares percentage too little
July 7, 2014
Beltone says Hermes shares percentage too little
Egyptian Beltone Financial Holding said its alliance with business tycoon Naguib Sawiris rejected the offered percentage of EFG-Hermes shares, saying…
Tourism costs to increase post new fuel prices
July 6, 2014
Tourism costs to increase post new fuel prices
Egyptian tourism experts have said that the spike in fuel costs will raise accommodation prices at hotels and tourist resorts…
USAID: US investments in Egypt estimated at US$17 billion
July 6, 2014
USAID: US investments in Egypt estimated at US$17 billion
The United States Agency for International Development (USAID) has said that US investments in Egypt reached US$17 billion.
Cabinet reduces allocations of butane gas subsidy by LE3.7 billion within next fiscal year
July 5, 2014
Cabinet reduces allocations of butane gas subsidy by LE3.7 billion within next fiscal year
The Cabinet has decreased allocations of butane gas subsidy by LE3.8 billion reaching LE19.1 billion within the state budget of…
Cabinet agrees to phase out electricity subsidies over five years
July 3, 2014
Cabinet agrees to phase out electricity subsidies over five years
Minister of Electricity and Renewable Energy Mohamed Shaker said in a press conference that the Cabinet has agreed to gradually…
Occupancy reaches 100 percent at some Hurghada hotels
July 3, 2014
Occupancy reaches 100 percent at some Hurghada hotels
The occupancy rate at some hotels in Hurghada, Gouna and Sahl Hashish have reached 100 percent. The hotels are expected to…
Experts warn against growing public debt
July 2, 2014
Experts warn against growing public debt
Several economic experts have warned against surpassing the safe limits of the accumulated interest on public debt. The local and foreign…
Offers to exploit Kafr al-Sheikh tar sands to be reviewed this month
July 2, 2014
Offers to exploit Kafr al-Sheikh tar sands to be reviewed this month
Kafr al-Sheikh Governor Mohamed Ezzat Agwa said on Wednesday that offers of the international bid to exploit the tar sands…
Chief: Suez Canal 2013-2014 revenues highest since opening
July 2, 2014
Chief: Suez Canal 2013-2014 revenues highest since opening
The Suez Canal achieved in 2013-2014 its highest revenues since it opened for international navigation in 1869, Suez Canal Authority…