Business

Egypt aims to purchase four million tons of local wheat in 2014

Egypt aims to purchase four million tons of local wheat in 2014

 Egyptian Food Supply Minister Khaled Hanafy said the government set a target of buying four million tons of wheat from…
Minister: Government planning tax reforms

Minister: Government planning tax reforms

  Minister of Planning and International Cooperation Ashraf al-Araby said the government will reform the tax system in Egypt to fix…
Minister predicts 3.5% growth in 2014-2015

Minister predicts 3.5% growth in 2014-2015

Egypt’s growth rates could range between 3 and 3.5 percent during the next fiscal year, 2014-2015, said the Minister of…
Suez Canal revenues forecast to hit record US$5.5 bn this year

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

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

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

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

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

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…
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