Business
Saudi Arabia largest importer of Egyptian goods
July 10, 2014
Saudi Arabia largest importer of Egyptian goods
Saudi Arabia ranked first among countries that imported Egyptian goods during the first five months of 2014 with more than…
Egypt’s supply ministry says has enough wheat to last for six months
July 10, 2014
Egypt’s supply ministry says has enough wheat to last for six months
Egypt, one of the world's largest wheat importers, said on Thursday it had enough wheat to last for six months."Through…
Stock market continues to climb, earns LE2.2 bn
July 9, 2014
Stock market continues to climb, earns LE2.2 bn
Stock indices rose collectively on Wednesday, supported by purchases of foreign investors against sales of Arab and Egyptian investors.
Experts expect increase in inflation from price hikes
July 9, 2014
Experts expect increase in inflation from price hikes
Experts predicted an increase in the inflation rate from the fuel and food commodities price rises. However, they said government measures…
Minister: Economic reform measures to benefit poor
July 8, 2014
Minister: Economic reform measures to benefit poor
A senior member of Egypt's Cabinet said that the recent economic reforms will directly benefit the poor. "Delaying the decision could…
Beltone says Hermes shares percentage too little
July 7, 2014
Beltone says Hermes shares percentage too little
Egyptian Beltone Financial Holding said its alliance with business tycoon Naguib Sawiris rejected the offered percentage of EFG-Hermes shares, saying…
Tourism costs to increase post new fuel prices
July 6, 2014
Tourism costs to increase post new fuel prices
Egyptian tourism experts have said that the spike in fuel costs will raise accommodation prices at hotels and tourist resorts…
USAID: US investments in Egypt estimated at US$17 billion
July 6, 2014
USAID: US investments in Egypt estimated at US$17 billion
The United States Agency for International Development (USAID) has said that US investments in Egypt reached US$17 billion.
Cabinet reduces allocations of butane gas subsidy by LE3.7 billion within next fiscal year
July 5, 2014
Cabinet reduces allocations of butane gas subsidy by LE3.7 billion within next fiscal year
The Cabinet has decreased allocations of butane gas subsidy by LE3.8 billion reaching LE19.1 billion within the state budget of…
Cabinet agrees to phase out electricity subsidies over five years
July 3, 2014
Cabinet agrees to phase out electricity subsidies over five years
Minister of Electricity and Renewable Energy Mohamed Shaker said in a press conference that the Cabinet has agreed to gradually…