Business

Chief: Suez Canal 2013-2014 revenues highest since opening

Chief: Suez Canal 2013-2014 revenues highest since opening

The Suez Canal achieved in 2013-2014 its highest revenues since it opened for international navigation in 1869, Suez Canal Authority…
Supply Ministry purchases 240,000 tons of Romanian, Russian wheat

Supply Ministry purchases 240,000 tons of Romanian, Russian wheat

Supply Commodities Authority has signed a contract to buy 240,000 tons of Romanian and Russian wheat to produce subsidized bread.…
Exporters: Reducing subsidies a blow to exports

Exporters: Reducing subsidies a blow to exports

Exporters criticized the government for reducing subsidies of exports in the 2014-2015 budget to LE2.6 billion from LE3.1 billion the…
US$45 ml from Italy to build grain silos

US$45 ml from Italy to build grain silos

Minister of Supply and Internal Trade Khaled Hanafy met on Monday with Maurizio Massari, the Italian ambassador in Cairo, to…
Slight decline in main stock index due to year end settlement

Slight decline in main stock index due to year end settlement

The main stock index saw a slight decline, which speculators attributed to the end of the year settlement. The EGX30 index…
Egypt sets conditions for gas imports from Israel

Egypt sets conditions for gas imports from Israel

Egypt has said it conditionally agrees to import natural gas from Israel as the country is struggling with an energy…
Slight rise in the stock indices, earn LE1.1 bn

Slight rise in the stock indices, earn LE1.1 bn

Stock indices went up as Arab and foreign investors bought and Egyptian investors preferred to sell because budgets of investment…
Deficit reduced in draft state budget

Deficit reduced in draft state budget

A high-level government official said the budget deficit has been reduced for the second time in the new draft budget…
Labor Union Member: Minimum wage an illusion

Labor Union Member: Minimum wage an illusion

Kamal Abbas, member of the Labor Union and the National Council for Human Rights, said workers found out that the…
Stock market continues to lose LE4.8 bn

Stock market continues to lose LE4.8 bn

Stock indices dropped collectively on Wednesday, which experts attributed to a state of uncertainty after President Abdel Fattah al-Sisi declined…
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