Business

Minister: Egypt to raise electricity prices before election

Minister: Egypt to raise electricity prices before election

Egypt plans to boost electricity prices for the richest 20 percent of its citizens before the presidential elections at the…
Stock exchange loses LE2 bn

Stock exchange loses LE2 bn

Egyptian stock indices fell at the end of Sunday’s trading session after giving up all the morning gains due to…
New bread distribution scheme to be applied in canal governorates next week

New bread distribution scheme to be applied in canal governorates next week

Khaled Hanafy, minister of food supply and domestic trade, said on Sunday that a new bread distribution scheme will first…
Egypt to need more financial support: IMF

Egypt to need more financial support: IMF

Washington (AFP) - Egypt will need further international assistance to put its economy back on track despite receiving huge loans…
World Bank: Political unrest impedes Egyptian economy growth in 2014 and 2015

World Bank: Political unrest impedes Egyptian economy growth in 2014 and 2015

A report from the World Bank, issued in April, expected the economic growth rate in Egypt to rise slightly in…
CAPMAS: Inflation rises to 9.8% in March

CAPMAS: Inflation rises to 9.8% in March

Urban Egypt’s annual inflation rate rose to 9.80 percent in March of 2014, compared to 9.76 percent in February of…
Government to allocate 60,000 acres for agricultural investment

Government to allocate 60,000 acres for agricultural investment

Minister of Agriculture and Land Reclamation Ayman Abu Hadid has expressed cabinet’s intentions to provide lands for agriculture investment to…
Egyptian banks refuse transfers from Libya and Syria

Egyptian banks refuse transfers from Libya and Syria

Egyptian banks are refusing to accept transfers or recognize invoices from clients of Egyptian exporters in Sudan, Libya and Syria. The…
IMF: Egypt Growth rate at 2.3% in 2014

IMF: Egypt Growth rate at 2.3% in 2014

Egypt growth in 2014 is expected to be broadly the same as in 2013, says the International Monetary Fund’s latest…
FAO: Wheat production to decline by 2% in 2014

FAO: Wheat production to decline by 2% in 2014

The United Nations' Food and Agriculture Organization (FAO) said Tuesday that it expected world wheat production in 2014 to record…
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