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Egypt records $1.5 billion surplus in balance of payments in 2013/2014

Egypt records $1.5 billion surplus in balance of payments in 2013/2014

Egypt's balance of payments recorded an overall surplus of some US$1.5 billion in 2013/2014, against $237 million a year earlier,…
Stock market loses LE317 million on Thursday

Stock market loses LE317 million on Thursday

Stock market’s main EGX30 index declined on Thursday by 0.22 percent to close at 9,697 points, affected by Egyptians and…
Eni awarded 3 new exploration licenses in Egypt

Eni awarded 3 new exploration licenses in Egypt

Italian oil major Eni said on Thursday it had been awarded three new exploration licenses in Egypt as it grows…
CAPMAS: Total cultivated area in 2013 was 8.8 million acres

CAPMAS: Total cultivated area in 2013 was 8.8 million acres

The statistical yearbook of the Central Agency for Public Mobilization and Statistics (CAPMAS) said the total cultivated area in Egypt…
CAPMAS: Egypt’s tourism grows by nearly 16% in July

CAPMAS: Egypt’s tourism grows by nearly 16% in July

Egypt's tourist numbers grew by 15.8 percent this July compared to last, according to the latest report from Central Agency…
Stock market loses LE1.2 bn

Stock market loses LE1.2 bn

Egyptian stock indices fell collectively at the end of Wednesday’s trading.
Suez Canal certificates push up Hermes expectations for Egypt’s budget deficit to 11.3%

Suez Canal certificates push up Hermes expectations for Egypt’s budget deficit to 11.3%

EFG Hermes revises its budget fiscal deficit forecast to 11.3 percent of the country's GDP (compared to the previous 10.9…
Egypt’s revenues from foreign partner’s oil companies $1 billion monthly

Egypt’s revenues from foreign partner’s oil companies $1 billion monthly

Egypt's state-run Egyptian General Petroleum Corporation (EGPC) announced that Egypt received a share of the foreign partner’s oil and gas…
Negotiations with OPEC to build power plants

Negotiations with OPEC to build power plants

A senior official said the government agreed to negotiate with the OPEC Fund for International Development (OFID) to build power…
Official report: Cotton production reaches 106,472 metric tons in 2014

Official report: Cotton production reaches 106,472 metric tons in 2014

An official report by Ministry of Agriculture has shown that the total production of cotton in Egypt this year reached…
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