Business

Supply Minister: No plans to cancel subsidies

Supply Minister: No plans to cancel subsidies

Supply Minister Khaled Hanafy has reiterated that the government has no intentions to cancel subsidies for low-income citizens.“All decisions are…
Egypt Gas: Higher prices save LE1 bn yearly

Egypt Gas: Higher prices save LE1 bn yearly

The government's decision to raise natural gas prices for home users will save the state LE1 billion annually, said Egypt…
Cornerstone of Assiut smart village laid, with LE4 billion investments

Cornerstone of Assiut smart village laid, with LE4 billion investments

Telecommunications Minister Atef Helmy and Assiut Governor Ibrahim Hammad laid on Wednesday the cornerstone of the smart village project, which…
Capital market earns LE5 bn

Capital market earns LE5 bn

In spite of the Galaa Square bombing, stock indices went up on Tuesday due to purchases by foreign and Egyptian…
Egypt reduces gas production for ten days

Egypt reduces gas production for ten days

A source at the Egyptian Natural Gas Holding Company said that Egypt will reduce gas production by 220 million cubic feet…
Egypt pound weakens at central bank’s dollar sale and on black market

Egypt pound weakens at central bank’s dollar sale and on black market

The Egyptian pound weakened at a central bank dollar sale and on the black market on Monday, after hitting a…
Israeli gas holds promise of better ties with neighbors

Israeli gas holds promise of better ties with neighbors

Israel's drive to export its new-found natural gas could help to rebuild strained ties with old regional allies Egypt and…
Minister: Egypt to raise electricity prices before election

Minister: Egypt to raise electricity prices before election

Egypt plans to boost electricity prices for the richest 20 percent of its citizens before the presidential elections at the…
Stock exchange loses LE2 bn

Stock exchange loses LE2 bn

Egyptian stock indices fell at the end of Sunday’s trading session after giving up all the morning gains due to…
New bread distribution scheme to be applied in canal governorates next week

New bread distribution scheme to be applied in canal governorates next week

Khaled Hanafy, minister of food supply and domestic trade, said on Sunday that a new bread distribution scheme will first…
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