Business

Budget deficit down 3 percent in 2013-2014

Budget deficit down 3 percent in 2013-2014

Egypt’s general budget deficit has dropped to LE145 billion during the first nine months of the 2013-2014 fiscal year, according to…
Cabinet approves development projects

Cabinet approves development projects

The Cabinet has on Tuesday approved a draft presidential decree to re-allocate 2744.4 acres of state land in Al-Amal, Ismailia…
Stock market continues to decline

Stock market continues to decline

Stock indexes continued to decline by the end of Tuesday's trading session as Arab and foreign investors' purchases failed to…
Supply minister: LE10 billion to buy wheat from local farmers

Supply minister: LE10 billion to buy wheat from local farmers

Approximately LE10 billion has been allocated to buy wheat from local farmers and merchants this season, said Supply and Internal…
Budget deficit LE350 bn

Budget deficit LE350 bn

Finance Minister Hani Qadri Damian said at a news conference Monday that the next state budget has been prepared without…
Report: Consumer confidence at economic performance declines

Report: Consumer confidence at economic performance declines

The general indicator of consumer confidence declined in March, reaching 106.6 points, compared to 107.4 points in February. A report by…
Investment minister announces sugar project in Sharqiya

Investment minister announces sugar project in Sharqiya

The Ministry of Commerce, Industry and Investment announced signing an agreement between 13 funding parties and several companies to establish…
Cabinet likely to postpone energy subsidy reduction until after presidential elections

Cabinet likely to postpone energy subsidy reduction until after presidential elections

The Cabinet is reconsidering implementing measures to limit energy subsidies on electricity, natural gas, gasoline and diesel oil until after…
Stock market projected to rise with the approach of the presidential elections

Stock market projected to rise with the approach of the presidential elections

Money market traders expected new waves of buying with the approach of the presidential elections, portending positive news on the…
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