Business
USAID: US investments in Egypt estimated at US$17 billion
July 6, 2014
USAID: US investments in Egypt estimated at US$17 billion
The United States Agency for International Development (USAID) has said that US investments in Egypt reached US$17 billion.
Cabinet reduces allocations of butane gas subsidy by LE3.7 billion within next fiscal year
July 5, 2014
Cabinet reduces allocations of butane gas subsidy by LE3.7 billion within next fiscal year
The Cabinet has decreased allocations of butane gas subsidy by LE3.8 billion reaching LE19.1 billion within the state budget of…
Cabinet agrees to phase out electricity subsidies over five years
July 3, 2014
Cabinet agrees to phase out electricity subsidies over five years
Minister of Electricity and Renewable Energy Mohamed Shaker said in a press conference that the Cabinet has agreed to gradually…
Occupancy reaches 100 percent at some Hurghada hotels
July 3, 2014
Occupancy reaches 100 percent at some Hurghada hotels
The occupancy rate at some hotels in Hurghada, Gouna and Sahl Hashish have reached 100 percent. The hotels are expected to…
Experts warn against growing public debt
July 2, 2014
Experts warn against growing public debt
Several economic experts have warned against surpassing the safe limits of the accumulated interest on public debt. The local and foreign…
Offers to exploit Kafr al-Sheikh tar sands to be reviewed this month
July 2, 2014
Offers to exploit Kafr al-Sheikh tar sands to be reviewed this month
Kafr al-Sheikh Governor Mohamed Ezzat Agwa said on Wednesday that offers of the international bid to exploit the tar sands…
Chief: Suez Canal 2013-2014 revenues highest since opening
July 2, 2014
Chief: Suez Canal 2013-2014 revenues highest since opening
The Suez Canal achieved in 2013-2014 its highest revenues since it opened for international navigation in 1869, Suez Canal Authority…
Supply Ministry purchases 240,000 tons of Romanian, Russian wheat
July 2, 2014
Supply Ministry purchases 240,000 tons of Romanian, Russian wheat
Supply Commodities Authority has signed a contract to buy 240,000 tons of Romanian and Russian wheat to produce subsidized bread.…
Exporters: Reducing subsidies a blow to exports
July 1, 2014
Exporters: Reducing subsidies a blow to exports
Exporters criticized the government for reducing subsidies of exports in the 2014-2015 budget to LE2.6 billion from LE3.1 billion the…
US$45 ml from Italy to build grain silos
June 30, 2014
US$45 ml from Italy to build grain silos
Minister of Supply and Internal Trade Khaled Hanafy met on Monday with Maurizio Massari, the Italian ambassador in Cairo, to…