Business
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…
Minister: Egypt to raise electricity prices before election
April 14, 2014
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
April 13, 2014
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
April 13, 2014
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
April 13, 2014
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
April 12, 2014
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
April 10, 2014
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
April 9, 2014
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
April 9, 2014
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…