Business
Suez Canal revenues forecast to hit record US$5.5 bn this year
March 21, 2014
Suez Canal revenues forecast to hit record US$5.5 bn this year
Revenues from Egypt's Suez Canal, one of the country's main sources of foreign currency, are expected to reach US$5.5 billion…
Stock market earns LE1.2 billion
March 20, 2014
Stock market earns LE1.2 billion
The purchases of foreign investors pushed the main stock exchange index upward by the end of the Thursday session to…
Egypt to bring in US$100 mil in imports from Sudan
March 19, 2014
Egypt to bring in US$100 mil in imports from Sudan
Mohamed Wagdy, head of the foreign branches of Al-Nasr Export Import Company, said the Food Industries Holding Company assigned Al-Nasr…
Misr Beni Suef Cement’s revenues up 20% in 2013 to LE1.32 billion
March 18, 2014
Misr Beni Suef Cement’s revenues up 20% in 2013 to LE1.32 billion
Misr Beni Suef Cement (MBSC) released its FY2013 results with revenues up a significant 20 percent year over year (YoY)…
Egyptian investments in Sudan amount to US$10.8 bn
March 18, 2014
Egyptian investments in Sudan amount to US$10.8 bn
Mossad al-Naggar, head of the Egyptian Commercial Office in Sudan, said there have been 229 investment projects in Sudan from…
Minister: Russian tourists expected to reach 3 million in 2014
March 18, 2014
Minister: Russian tourists expected to reach 3 million in 2014
Russian tourism is starting to recover and the number of Russian tourists coming to Egypt is expected to reach 3…
Stock market continues to rise, earns LE600 million
March 17, 2014
Stock market continues to rise, earns LE600 million
Stock indices rose collectively at the end of Monday’s trading session, supported by Arab and foreign investors' purchases against sales…
Power supply 3,000 megawatts short
March 17, 2014
Power supply 3,000 megawatts short
Power cuts have increased in Cairo and other governorates due to a shortage of 3000 megawatts in electricity generation capacity. The…
CAPMAS: Inbound tourists to Egypt decline by 28.9% in 2014
March 17, 2014
CAPMAS: Inbound tourists to Egypt decline by 28.9% in 2014
Central Agency for Public Mobilization and Statistics (CAPMAS) has indicated a decline in the number of inbound tourists in January…