Business
EBRD offers US$190 million for two electricity generation stations development
March 31, 2014
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
March 30, 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
March 28, 2014
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
March 27, 2014
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
March 26, 2014
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
March 26, 2014
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
March 25, 2014
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
March 25, 2014
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
March 25, 2014
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
March 24, 2014
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…