Business
Suez Canal revenues up 8 percent in July
September 21, 2014
Suez Canal revenues up 8 percent in July
The Cabinet Information and Decision Support Center said Suez Canal revenues rose in July by 8.6 percent to US$482.2 million…
Law firm: Egypt must cut red tape to win investors in second Suez canal
September 21, 2014
Law firm: Egypt must cut red tape to win investors in second Suez canal
Egypt must strip back bureaucracy to attract investment in its planned second Suez canal and bring in new laws making…
Govt to form body for the development and use of new energy
September 17, 2014
Govt to form body for the development and use of new energy
The Cabinet has on Wednesday passed a draft resolution to form a body for the development and use of new…
Wheat reserves sufficient until mid February
September 17, 2014
Wheat reserves sufficient until mid February
Egypt has contracted for the purchase of 180,000 tons of French wheat needed for the production of local subsidized bread. The…
Arab network for labor market information
September 16, 2014
Arab network for labor market information
Minister of Manpower and Immigration Nahed Ashry and Ahmed Luqman, director general of the Arab Labor Organization, on Tuesday launched…
Stock market earns LE3.5 bn
September 16, 2014
Stock market earns LE3.5 bn
Stock indices went up on Tuesday, supported by purchases of Egyptian and Arab investors and coinciding with the Euromoney conference…
Minister: Growth rate to reach 5-6 percent in three years
September 16, 2014
Minister: Growth rate to reach 5-6 percent in three years
The growth rate in the 2013-2014 fiscal year will reach two percent, said Finance Ministry Hani Qadri, describing it as low, but…
Minister: Foreign investments could reach US$10 billion in 2014
September 16, 2014
Minister: Foreign investments could reach US$10 billion in 2014
Investment Minister Ashraf Salman has declared expectations to attract foreign investments of US$10 billion this year.Salman said there is a…
Suez Canal certificate sales close at LE61 billion
September 16, 2014
Suez Canal certificate sales close at LE61 billion
New Suez Canal investment certificates sales closed on Monday at 8 pm. Sale proceeds hit LE61 billion by end of the…
Russia’s Gazprom to supply Egypt with liquified natural gas shipments
September 15, 2014
Russia’s Gazprom to supply Egypt with liquified natural gas shipments
Trade and Industry Ministry Mounir Fakhry Abdel Nour announced on Monday that the Russian Gazprom agreed to provide Egypt with…