Business

Supply minister: LE10 billion to buy wheat from local farmers

Supply minister: LE10 billion to buy wheat from local farmers

Approximately LE10 billion has been allocated to buy wheat from local farmers and merchants this season, said Supply and Internal…
Budget deficit LE350 bn

Budget deficit LE350 bn

Finance Minister Hani Qadri Damian said at a news conference Monday that the next state budget has been prepared without…
Report: Consumer confidence at economic performance declines

Report: Consumer confidence at economic performance declines

The general indicator of consumer confidence declined in March, reaching 106.6 points, compared to 107.4 points in February. A report by…
Investment minister announces sugar project in Sharqiya

Investment minister announces sugar project in Sharqiya

The Ministry of Commerce, Industry and Investment announced signing an agreement between 13 funding parties and several companies to establish…
Cabinet likely to postpone energy subsidy reduction until after presidential elections

Cabinet likely to postpone energy subsidy reduction until after presidential elections

The Cabinet is reconsidering implementing measures to limit energy subsidies on electricity, natural gas, gasoline and diesel oil until after…
Stock market projected to rise with the approach of the presidential elections

Stock market projected to rise with the approach of the presidential elections

Money market traders expected new waves of buying with the approach of the presidential elections, portending positive news on the…
Minister: Egypt receives oil aid of US$700 million monthly

Minister: Egypt receives oil aid of US$700 million monthly

Petroleum Minister Sherif Ismail said Egypt receives oil aid estimated at around US$700 million monthly from Arab countries like Saudi Arabia,…
Petroleum Minister: No increase in gas prices

Petroleum Minister: No increase in gas prices

 Petroleum Minister Sherif Ismail denied there would be an increase in gas prices and that there would be a new…
Sources: Natural gas, electricity prices to go up next month

Sources: Natural gas, electricity prices to go up next month

The Egyptian government will start applying the prime minister's decision about the increase in prices of natural gas and electricity…
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