Business

Minister: Egypt receives oil aid of US$700 million monthly

Minister: Egypt receives oil aid of US$700 million monthly

Petroleum Minister Sherif Ismail said Egypt receives oil aid estimated at around US$700 million monthly from Arab countries like Saudi Arabia,…
Petroleum Minister: No increase in gas prices

Petroleum Minister: No increase in gas prices

 Petroleum Minister Sherif Ismail denied there would be an increase in gas prices and that there would be a new…
Sources: Natural gas, electricity prices to go up next month

Sources: Natural gas, electricity prices to go up next month

The Egyptian government will start applying the prime minister's decision about the increase in prices of natural gas and electricity…
Supply Minister: No plans to cancel subsidies

Supply Minister: No plans to cancel subsidies

Supply Minister Khaled Hanafy has reiterated that the government has no intentions to cancel subsidies for low-income citizens.“All decisions are…
Egypt Gas: Higher prices save LE1 bn yearly

Egypt Gas: Higher prices save LE1 bn yearly

The government's decision to raise natural gas prices for home users will save the state LE1 billion annually, said Egypt…
Cornerstone of Assiut smart village laid, with LE4 billion investments

Cornerstone of Assiut smart village laid, with LE4 billion investments

Telecommunications Minister Atef Helmy and Assiut Governor Ibrahim Hammad laid on Wednesday the cornerstone of the smart village project, which…
Capital market earns LE5 bn

Capital market earns LE5 bn

In spite of the Galaa Square bombing, stock indices went up on Tuesday due to purchases by foreign and Egyptian…
Egypt reduces gas production for ten days

Egypt reduces gas production for ten days

A source at the Egyptian Natural Gas Holding Company said that Egypt will reduce gas production by 220 million cubic feet…
Egypt pound weakens at central bank’s dollar sale and on black market

Egypt pound weakens at central bank’s dollar sale and on black market

The Egyptian pound weakened at a central bank dollar sale and on the black market on Monday, after hitting a…
Israeli gas holds promise of better ties with neighbors

Israeli gas holds promise of better ties with neighbors

Israel's drive to export its new-found natural gas could help to rebuild strained ties with old regional allies Egypt and…
Back to top button