Business
Stock market loses LE146 million
August 26, 2014
Stock market loses LE146 million
Stock indices declined collectively on Tuesday, affected by local corporations selling to earn profits, while individual Egyptian, Arab and foreign…
Ministers to inaugurate new land port between Egypt and Sudan on Wednesday
August 26, 2014
Ministers to inaugurate new land port between Egypt and Sudan on Wednesday
Ministers from Egypt and Sudan are inaugurating on Wednesday the new Qostul-Ashkit land port between the two countries, which is…
Mamish: The Suez Canal could raise Egypt’s future world trade income by 22%
August 26, 2014
Mamish: The Suez Canal could raise Egypt’s future world trade income by 22%
Suez Canal Authority Chairman Mohab Mamish said Egypt must take advantage of increased trade with European markets when rising economic…
Official: Samsung plans to invest US$35 million in Egyptian market
August 26, 2014
Official: Samsung plans to invest US$35 million in Egyptian market
The Korean company Samsung plans to pump new investments of up to US$35 million in its factory at Koam Abu…
Egypt to pay back US$500 mn to Qatar in October
August 26, 2014
Egypt to pay back US$500 mn to Qatar in October
Central Bank of Egypt (CBE) Governor Hesham Ramez said Qatar has US$500 million in Egypt that will be paid back…
Suez Canal revenues in July US$482.2 million
August 25, 2014
Suez Canal revenues in July US$482.2 million
An official source at the Suez Canal Authority said on Monday that total revenues of the canal in July of…
Trade balance deficit reaches LE17.3 billion
August 25, 2014
Trade balance deficit reaches LE17.3 billion
The trade balance deficit declined to LE17.3 billion in May 2014, compared to LE24.3 billion during the same period last…
Sisi: Unsubsidized metro ticket price would reach LE9
August 24, 2014
Sisi: Unsubsidized metro ticket price would reach LE9
President Abdel Fattah al-Sisi has said that public transportation will continue to be subsidized, including the metro, with ticket prices…
Finance Minister: Real estate tax bills sent, challenges within 60 days
August 24, 2014
Finance Minister: Real estate tax bills sent, challenges within 60 days
Finance Minister Hani Qadri Demian said on Sunday that the Real Estate Tax Authority began sending notification letters for the…
Minister: New Suez Canal’s investment certificates expected to cover digging costs
August 24, 2014
Minister: New Suez Canal’s investment certificates expected to cover digging costs
Investment Minister Ashraf Salman said the investment certificates that will fund the digging of the new Suez Canal are expected…