Business

Stock market continues to rise, earns LE600 million

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

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

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…
Egypt to take part in China’s COTTM in April

Egypt to take part in China’s COTTM in April

Egypt will take part in China Outbound Travel and Tourism Market (COTTM), which will last from 9 to 11 April,…
Telecom Egypt sees 2013 revenues increase 11%

Telecom Egypt sees 2013 revenues increase 11%

Telecom Egypt released FY2013 financial statements according to EAS. Revenue for 4Q2013 was recorded at LE2.8 billion, up 12 percent…
Abdeen court drops charges against Juhayna chairman

Abdeen court drops charges against Juhayna chairman

Abdeen Court dropped charges against Juhayna chairman Safwan Thabet due a lack of evidence of violations of technical standards required…
Infrastructure incentive package doubled to LE60 bn

Infrastructure incentive package doubled to LE60 bn

Minister of Commerce, Industry and Investment Mounir Fakhri Abdel Nour told the Swiss Egyptian Businessmen Association on Tuesday that the…
Dispute between Petroleum Authority and Kuwait Gas and Oil settled ‘amicably’

Dispute between Petroleum Authority and Kuwait Gas and Oil settled ‘amicably’

Minister of Petroleum and Mineral Resources Sherif Ismail said on Tuesday that the Petroleum Authority reached an amicable settlement in…
EFG-Hermes showcases local projects to global funds

EFG-Hermes showcases local projects to global funds

The 10th Annual EFG Hermes One-on-One, the largest MENA-dedicated investment conference held globally with investors controlling some US$7 trillion, will…
Cement plants to start using coal September 2014

Cement plants to start using coal September 2014

The cabinet has directed the Ministry of Trade, Industry and Investment to study the use of coal in cement plants,…
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