Business
High-speed train shares to be offered at stock market by August
May 6, 2014
High-speed train shares to be offered at stock market by August
Transportation Minister Mostafa al-Demeiry said that shares of the high-speed trains project will go public on the stock market.He also said…
Gulf Arabs free fuel for Egypt reaches $6 billion in value
May 6, 2014
Gulf Arabs free fuel for Egypt reaches $6 billion in value
Gulf oil producers have given Egypt a free fuel lifeling totalling $6 billion in value to help fend off unrest…
Source: Price of gas used in energy-intensive industries likely to increase to US$6
May 5, 2014
Source: Price of gas used in energy-intensive industries likely to increase to US$6
A governmental source has revealed intentions within the economic ministerial group to increase the price of gas used in energy-intensive…
Petroleum Ministry requests US$2 billion to import fuel for power plants
May 2, 2014
Petroleum Ministry requests US$2 billion to import fuel for power plants
The Ministry of Petroleum submitted a memorandum to Prime Minister Ibrahim Mehleb, asking for US$2 billion to import fuel oil,…
Cabinet to announce susidy cuts this month
May 1, 2014
Cabinet to announce susidy cuts this month
Al-Masry Al-Youm has received the main features of Prime Minister Ibrahim Mehleb's plan to cancel subsidies for high-income classes.Subsidies for…
New stimulus packages give boost to stock market
April 30, 2014
New stimulus packages give boost to stock market
Stock indices rose considerably by the end of Wednesday’s trading session, influenced by an announcement of the Information Council chairman…
CAPMAS: 3.8 million unemployed in 2013
April 30, 2014
CAPMAS: 3.8 million unemployed in 2013
The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the unemployment rate in 2013 stood at 13.2 percent…
Egypt’s debts to foreign oil companies up by US$800 ml in three months
April 30, 2014
Egypt’s debts to foreign oil companies up by US$800 ml in three months
The government's debt to foreign oil companies increased by US$800 million in the first quarter of 2014 to reach $5.7…
Budget deficit down 3 percent in 2013-2014
April 30, 2014
Budget deficit down 3 percent in 2013-2014
Egypt’s general budget deficit has dropped to LE145 billion during the first nine months of the 2013-2014 fiscal year, according to…
Cabinet approves development projects
April 29, 2014
Cabinet approves development projects
The Cabinet has on Tuesday approved a draft presidential decree to re-allocate 2744.4 acres of state land in Al-Amal, Ismailia…