Business
Minister: Egypt seeks wheat self-sufficiency by 75% in 3 years
August 23, 2014
Minister: Egypt seeks wheat self-sufficiency by 75% in 3 years
Egypt is targeting self-sufficiency in wheat production by 75 percent by the end of 2017, Agriculture Minister Adel al-Beltagy said…
Government says exported commodities down by 3% in July
August 23, 2014
Government says exported commodities down by 3% in July
Egyptian exported commodities dropped by percent in July, a government report said Saturday. The report by the Ministry of Trade and…
Agriculture Ministry to provide meat at LE50 per kilo in Eid al-Adha
August 22, 2014
Agriculture Ministry to provide meat at LE50 per kilo in Eid al-Adha
The Ministry of Agriculture and Land Reclamation announced its plans to provide large quantities of meat at various municipal distribution…
Stock market loses LE3 billion
August 18, 2014
Stock market loses LE3 billion
Stock market indexes declined on Monday amid sales by institutions and foreign funds after gains that were achieved over the…
Egypt railway losses LE20 million in 4 days
August 18, 2014
Egypt railway losses LE20 million in 4 days
Egypt's railway authority sustained losses of LE20 million from Thursday to Sunday, prompted by cancelled reservations and operation hiccups, a…
Finance Ministry seeks US$10.4 billion loan from IMF
August 17, 2014
Finance Ministry seeks US$10.4 billion loan from IMF
An informed governmental source said Finance Minister Hani Qadri Demian will try to convince the Cabinet to resume negotiations with…
Stock market gains LE3.8 billion
August 14, 2014
Stock market gains LE3.8 billion
Stock market surpassed on Thursday fears of first anniversary of the Rabaa al-Adaweya and Nahda sit-ins dispersal amid violent incidents…
EFG Hermes reports LE381 m net profit in first-half of 2014
August 14, 2014
EFG Hermes reports LE381 m net profit in first-half of 2014
Egyptian investment bank EFG-Hermes reported on Thursday a 109.7 percent increase in the first-half of 2014 standalone net profit to…
Telecom Egypt profits down 16.7 percent in 2014
August 13, 2014
Telecom Egypt profits down 16.7 percent in 2014
Telecom Egypt posted LE1.5 billion in the first half of 2014, down 16.7 percent from 1.8 billion pounds in the…
Egypt threatens DP World with port project withdrawal
August 12, 2014
Egypt threatens DP World with port project withdrawal
The government has threatened to withdraw a contract granting DP World the right to run a containers depot at Ain…