Business
Cabinet: Wheat reserves hold at 3.915 million tonnes
June 12, 2013
Cabinet: Wheat reserves hold at 3.915 million tonnes
Egypt’s total wheat serves currently amount to 3.915 million tonnes, according to a statement by the Cabinet on Wednesday. The…
MSCI stirs fears about Greece and Egypt
June 12, 2013
MSCI stirs fears about Greece and Egypt
LONDON - MSCI, the most widely used equity index provider, prompted market fears about both Greece and Egypt on Wednesday,…
Wheat supplies to last until December, minister claims
June 11, 2013
Wheat supplies to last until December, minister claims
Supply Minister Bassem Ouda on Monday told Al-Hayat satellite channel that Egypt’s current wheat reserves will cover public demand until…
Qatar to provide Egypt with five shipments of natural gas
June 10, 2013
Qatar to provide Egypt with five shipments of natural gas
The Ministry of Petroleum and Mineral Resources said on Monday that Qatar will help Egypt overcome its fuel shortage by providing five…
Agency: 1.1 million tourists visited Egypt in April
June 10, 2013
Agency: 1.1 million tourists visited Egypt in April
The number of foreign tourists visiting Egypt rose to 1.1 million in April, according to official statistics, an increase of…
No privatization in Egypt’s public sector, minister claims
June 8, 2013
No privatization in Egypt’s public sector, minister claims
Investment Minister Yehia Hamed has claimed there will be no privatisation in Egypt's public sector, despite growing concerns over alleged…
Foreign currency reserves rise to US$16 billion in May
June 6, 2013
Foreign currency reserves rise to US$16 billion in May
Net foreign currency reserves climbed to US$16.039 billion at the end of May, up from US$14.4 billion at the end…
Egypt’s GASC says has at least 5 months’ worth of wheat stocks
May 30, 2013
Egypt’s GASC says has at least 5 months’ worth of wheat stocks
Egypt's main state wheat buyer, the General Authority for Supply Commodities (GASC), said on Thursday it had at least five…
Egypt stock market makes gains despite political and economic woes
May 30, 2013
Egypt stock market makes gains despite political and economic woes
The Egyptian stock market made some gains this week despite political and economic uncertainty resulting from calls for mass protests.…
Egypt sells $38.5 mln at forex auction
May 29, 2013
Egypt sells $38.5 mln at forex auction
Egypt's central bank sold $38.5 million to banks in a foreign exchange auction on Wednesday, with the cut-off price weakening…