Business
Supply Minister: No plans to cancel subsidies
April 21, 2014
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
April 21, 2014
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
April 16, 2014
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
April 15, 2014
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
April 15, 2014
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
April 14, 2014
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
April 14, 2014
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
April 14, 2014
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
April 13, 2014
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
April 13, 2014
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…