Business
Minister: Egypt receives oil aid of US$700 million monthly
April 23, 2014
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
April 22, 2014
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
April 22, 2014
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
April 21, 2014
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
April 21, 2014
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
April 16, 2014
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
April 15, 2014
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
April 15, 2014
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
April 14, 2014
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
April 14, 2014
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…