Business

EBRD offers US$190 million for two electricity generation stations development

EBRD offers US$190 million for two electricity generation stations development

Egypt signed a loan agreement on Monday with the European Bank for Reconstruction and Development (EBRD) to convert electricity generation…
Number of tourists visiting Egypt drops 27 percent in February 2014

Number of tourists visiting Egypt drops 27 percent in February 2014

The total number of tourist arrivals to Egypt dropped 27 percent in February 2014 compared to the same month last…
Egypt narrows budget deficit in 8 months due to aid from Gulf countries

Egypt narrows budget deficit in 8 months due to aid from Gulf countries

Egypt’s overall budget deficit narrowed to LE123.6 billion (US$17.79 billion) in 8 months from 2013 to 2014 from LE146.5 billion,…
Central Bank offers dollar bid

Central Bank offers dollar bid

The Central Bank has on Thursday offered a US$40 million tender to local banks in accordance with the bidding mechanism…
Egypt considering importing liquefied gas from Russia

Egypt considering importing liquefied gas from Russia

Minister of Commerce, Industry and Investment Mounir Fakhry Abdel Nour said the Russian government agreed after a hiatus of three…
Capital market gains LE5.2 bn, main index falls

Capital market gains LE5.2 bn, main index falls

Trading was focused on the small and medium-sized shares in Wednesday’s session, with Arab and foreign investors selling against purchases…
Stock market earns LE5.2 bn

Stock market earns LE5.2 bn

Stock indices rose collectively by the end of Tuesday’s session, with Arab and Egyptian investors increasing purchases against the backdrop…
Transport Ministry to offer tender for third phase of new metro line

Transport Ministry to offer tender for third phase of new metro line

Transport Minister Ibrahim al-Demeiry said on Tuesday that the ministry launched three projects worth LE20 billion, including the tender for…
Petroleum Minister: Fuel, electricity prices hampering investments

Petroleum Minister: Fuel, electricity prices hampering investments

  Petroleum Minister Sherif Ismail said the prices of petroleum products and electricity are hampering investments in the field of petrol,…
The UAE offers LE3 bn to reclaim 200,000 acres in the Western Desert

The UAE offers LE3 bn to reclaim 200,000 acres in the Western Desert

Magdi Amin, executive director of the General Authority for Reconstruction Projects and Agricultural Development, said on Monday that The United…
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