Business
Source: Government to declare electricity price increase within few days
May 6, 2014
Source: Government to declare electricity price increase within few days
An informed source from the electricity ministry said the government agreed to increase electricity prices for sectors with high consumption,…
Israeli newspaper: Egypt buys natural gas from Israel for US$20 bn, government denies ‘rumors’
May 6, 2014
Israeli newspaper: Egypt buys natural gas from Israel for US$20 bn, government denies ‘rumors’
Companies extracting natural gas from the Tamar gas field said they signed a memorandum of understanding to sell natural gas…
High-speed train shares to be offered at stock market by August
May 6, 2014
High-speed train shares to be offered at stock market by August
Transportation Minister Mostafa al-Demeiry said that shares of the high-speed trains project will go public on the stock market.He also said…
Gulf Arabs free fuel for Egypt reaches $6 billion in value
May 6, 2014
Gulf Arabs free fuel for Egypt reaches $6 billion in value
Gulf oil producers have given Egypt a free fuel lifeling totalling $6 billion in value to help fend off unrest…
Source: Price of gas used in energy-intensive industries likely to increase to US$6
May 5, 2014
Source: Price of gas used in energy-intensive industries likely to increase to US$6
A governmental source has revealed intentions within the economic ministerial group to increase the price of gas used in energy-intensive…
Petroleum Ministry requests US$2 billion to import fuel for power plants
May 2, 2014
Petroleum Ministry requests US$2 billion to import fuel for power plants
The Ministry of Petroleum submitted a memorandum to Prime Minister Ibrahim Mehleb, asking for US$2 billion to import fuel oil,…
Cabinet to announce susidy cuts this month
May 1, 2014
Cabinet to announce susidy cuts this month
Al-Masry Al-Youm has received the main features of Prime Minister Ibrahim Mehleb's plan to cancel subsidies for high-income classes.Subsidies for…
New stimulus packages give boost to stock market
April 30, 2014
New stimulus packages give boost to stock market
Stock indices rose considerably by the end of Wednesday’s trading session, influenced by an announcement of the Information Council chairman…
CAPMAS: 3.8 million unemployed in 2013
April 30, 2014
CAPMAS: 3.8 million unemployed in 2013
The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the unemployment rate in 2013 stood at 13.2 percent…
Egypt’s debts to foreign oil companies up by US$800 ml in three months
April 30, 2014
Egypt’s debts to foreign oil companies up by US$800 ml in three months
The government's debt to foreign oil companies increased by US$800 million in the first quarter of 2014 to reach $5.7…