Business

Minister: Egypt seeks wheat self-sufficiency by 75% in 3 years

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

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

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

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

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

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

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

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

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

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…
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