Business
Tourism rates decline by 32.4% in March
May 13, 2014
Tourism rates decline by 32.4% in March
The Central Agency for Public Mobilization and Statistics reported that tourist numbers declined by 32.4 percent to reach 755,000 tourists…
Farmers supply 1.7 million tons of wheat
May 12, 2014
Farmers supply 1.7 million tons of wheat
Sources at the Ministry of Supply said farmers have supplied 1.7 million tons of domestic wheat to the General Authority…
Egypt funding crunch slowing food payments again
May 9, 2014
Egypt funding crunch slowing food payments again
Egypt's financial crisis is hindering payments for food commodities as banks and traders say some of the funding problems which…
Capital market loses LE0.3 bn during last week’s trading
May 9, 2014
Capital market loses LE0.3 bn during last week’s trading
The capital market lost LE0.3 billion during last week’s trading to close at LE478 billion.
US$800 mil in Arab investments to build new city in Sinai
May 9, 2014
US$800 mil in Arab investments to build new city in Sinai
An agreement has been signed with the Arab Women Investors Union to build a new city in Sinai on an…
Central Bank: Egypt foreign reserves rise 0.43% to reach $17.45 bn
May 7, 2014
Central Bank: Egypt foreign reserves rise 0.43% to reach $17.45 bn
Egypt's net international reserves rose by 0.43 percent to reach $17.489 billion by the end of April, the Central Bank…
Stock market declines, shares lose LE2 bln
May 7, 2014
Stock market declines, shares lose LE2 bln
Stock market shares collectively dropped on Wednesday amid anticipation of investors as presidential election nears. The main EGX30 index fell by…
Suez Canal development tender winner to be announced next month
May 6, 2014
Suez Canal development tender winner to be announced next month
CAIRO, May 6 (Reuters) - Egypt will announce the winner of a tender to develop the area surrounding the Suez…