Business
Reforming Egypt’s black market – high hurdles, big rewards
July 21, 2014
Reforming Egypt’s black market – high hurdles, big rewards
The economist behind a plan to unlock at least $380 billion (222 billion pounds) worth of assets from Egypt's black…
Minister: Dayrout aqueducts to be renovated at LE428 million
July 21, 2014
Minister: Dayrout aqueducts to be renovated at LE428 million
Minister of Irrigation and Water Resources Hossam Moghazy has said that Dayrout aqueducts in Assiut will be renovated for LE428…
Sources: Mehleb instructed state bodies to reduce expenditures
July 20, 2014
Sources: Mehleb instructed state bodies to reduce expenditures
Prime Minister Ibrahim Mehleb has instructed all government bodies and ministries to reduce expenditures starting July as part of the…
European Bank allocates US$50 million to investment projects in Egypt
July 17, 2014
European Bank allocates US$50 million to investment projects in Egypt
Hildegard Gacek, director of the southern and eastern Mediterranean department of the European Bank for Reconstruction and Development, said the…
Government may raise fertilizer prices in October
July 17, 2014
Government may raise fertilizer prices in October
Official sources said the government is discussing today a dispute between the ministries of agriculture and trade over raising prices…
Minister: Economic reform will yield positive results
July 17, 2014
Minister: Economic reform will yield positive results
Finance Minister Hani Qadry said on Wednesday that the recent fiscal reforms will yield positive results in raising expectations about…
Minister: Govt will not go back on raw materials export ban
July 16, 2014
Minister: Govt will not go back on raw materials export ban
Mounir Fakhry Abdel Nour, minister of industry, trade and small and medium enterprises, said the government will not go back…
Railway Authority losses estimated at LE3 bn
July 16, 2014
Railway Authority losses estimated at LE3 bn
The total losses of the National Railway Authority in 2014-2015 are estimated at LE3 billion. The authority’s designated budget is LE17.3…
EGPC to start negotiations over paying part of foreign petroleum companies’ dues
July 15, 2014
EGPC to start negotiations over paying part of foreign petroleum companies’ dues
Egyptian General Petroleum Company (EGPC) is in negotiations with several international banks to receive a US$1.5 billion loan to pay…
Tourist visits decreased 20.7% in May
July 14, 2014
Tourist visits decreased 20.7% in May
The number of tourists visiting Egypt in May 2014 reached 768,000, a drop of 20.7 percent compared to 969,000 in…