Business

20 new subsidized items to be displayed on market in August

20 new subsidized items to be displayed on market in August

Minister of Supply and Internal Trade Khaled Hanafy announced that 20 new subsidized goods would be on the market starting…
Domestic flights prices slashed by 20 percent to boost local tourism

Domestic flights prices slashed by 20 percent to boost local tourism

Aviation Minister Hossam Kamal said prices for domestic flights will be reduced by 20 percent as a bid to encourage…
Maximum wage to be applied by end of July

Maximum wage to be applied by end of July

The maximum wage, set at LE42,000 per month, is scheduled to come into effect by the end of July.  The law…
Saudi Arabia largest importer of Egyptian goods

Saudi Arabia largest importer of Egyptian goods

Saudi Arabia ranked first among countries that imported Egyptian goods during the first five months of 2014 with more than…
Egypt’s supply ministry says has enough wheat to last for six months

Egypt’s supply ministry says has enough wheat to last for six months

Egypt, one of the world's largest wheat importers, said on Thursday it had enough wheat to last for six months."Through…
Stock market continues to climb, earns LE2.2 bn

Stock market continues to climb, earns LE2.2 bn

Stock indices rose collectively on Wednesday, supported by purchases of foreign investors against sales of Arab and Egyptian investors. 
Experts expect increase in inflation from price hikes

Experts expect increase in inflation from price hikes

Experts predicted an increase in the inflation rate from the fuel and food commodities price rises. However, they said government measures…
Minister: Economic reform measures to benefit poor

Minister: Economic reform measures to benefit poor

A senior member of Egypt's Cabinet said that the recent economic reforms will directly benefit the poor. "Delaying the decision could…
Beltone says Hermes shares percentage too little

Beltone says Hermes shares percentage too little

Egyptian Beltone Financial Holding said its alliance with business tycoon Naguib Sawiris rejected the offered percentage of EFG-Hermes shares, saying…
Tourism costs to increase post new fuel prices

Tourism costs to increase post new fuel prices

Egyptian tourism experts have said that the spike in fuel costs will raise accommodation prices at hotels and tourist resorts…
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