Business
Supply minister: LE10 billion to buy wheat from local farmers
April 29, 2014
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
April 28, 2014
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
April 27, 2014
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
April 27, 2014
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
April 27, 2014
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
April 23, 2014
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
April 23, 2014
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
April 22, 2014
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
April 22, 2014
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…