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Stock indexes rise sharply Thursday

Stock indexes rise sharply Thursday

Stock indexes rose sharply Thursday, backed by the purchases of Egyptian investors. The main index EGX30 was up by 0.65 percent by the…
First free trade zone to be established between Egypt, Gulf countries

First free trade zone to be established between Egypt, Gulf countries

An informed source from the Trade and Industry Ministry said that an important meeting for ministers of the Economic Group…
UAE to provide Egypt with loan to purchase petroleum products

UAE to provide Egypt with loan to purchase petroleum products

Tareq al-Mulla, executive chief of the Egyptian General Petroleum Corporation (EGPC), said the United Arab Emirates agreed to provide Egypt…
Tax Authority Chairman: Late tax dues LE84.5 bn

Tax Authority Chairman: Late tax dues LE84.5 bn

Tax Authority Chairman Mostafa Abdel Qader said the economic crisis that followed the 25 January revolution caused an increase in…
Stock market loses LE146 million

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

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%

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

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

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

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…
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