Business
Beltone: Central Bank of Egypt to keep rates unchanged
February 27, 2014
Beltone: Central Bank of Egypt to keep rates unchanged
Cairo based investment bank Beltone Financial expects the state’s central bank (CBE) to keep policy rates unchanged at today’s meeting,…
Egypt participates in regional environmental conservation meeting
February 26, 2014
Egypt participates in regional environmental conservation meeting
A senior Egyptian delegation is participating in the sixteenth meeting of the Regional Organization for the Conservation of the Environment…
LE300 million loan from Japan to stabilize electricity in Upper Egypt
February 26, 2014
LE300 million loan from Japan to stabilize electricity in Upper Egypt
Egypt signed an LE300 million loan agreement on Wednesday with the Japanese International Cooperation Agency (JICA) for a regional electricity…
Hermes: Egypt Central Bank Likely to Remain on Hold Interest Rate
February 26, 2014
Hermes: Egypt Central Bank Likely to Remain on Hold Interest Rate
Hermes said in a report on Tuesday Egypt’s Urban consumer price headline inflation decelerated to 11.4 percent Yo-Y in January…
IFC mulls joint infrastructure, energy projects in Egypt
February 25, 2014
IFC mulls joint infrastructure, energy projects in Egypt
Dimitris Tsitsiragos, Vice President of International Finance Corporation (IFC) for Europe, Central Asia and the Middle East and North Africa,…
Moody’s says Egypt’s banking system outlook remains negative
February 25, 2014
Moody’s says Egypt’s banking system outlook remains negative
The outlook for Egypt's banking system is negative, unchanged since 2011, says Moody's Investors Service in a report published today. Moody's…
Petroleum Authority: We inject 40,000 tons of diesel fuel into the market everyday
February 24, 2014
Petroleum Authority: We inject 40,000 tons of diesel fuel into the market everyday
Amr Mostafa, vice president of the General Petroleum Authority, said the quantities of diesel fuel injected into the market everyday…
New report says mobile users in Egypt increased to 99.7 million by end of 2013
February 23, 2014
New report says mobile users in Egypt increased to 99.7 million by end of 2013
Egypt's mobile market gained 3.6 million subscribers and 240,000 internet users, while fixed-line services decreased by 150,000, according to a…
Minister: 108 silos will be constructed for wheat storage
February 20, 2014
Minister: 108 silos will be constructed for wheat storage
Minister of Supply and Internal Trade Mohamed Abu Shady said Thursday that Egypt consumes around 15 million tons of wheat…
BG Group buys Nigerian LNG to replace lost Egyptian output
February 20, 2014
BG Group buys Nigerian LNG to replace lost Egyptian output
BG Group has bought six liquefied natural gas (LNG) cargoes from Italian utility Enel (MDD: ENEL.MDD - news) as it…