Business
Egypt’s economy grows only 1% in first quarter
December 18, 2013
Egypt’s economy grows only 1% in first quarter
Planning and International Cooperation Minister Ashraf al-Araby said that Egypt’s economy did not grow much during the first quarter of…
Egypt expands economic stimulus plan
December 17, 2013
Egypt expands economic stimulus plan
Egypt plans to spend around LE30 billion (US$4.36 billion) in a second stimulus package to be launched in January, 25…
Stocks earn LE 3.4 billion, main index up by 1.14 percent
December 17, 2013
Stocks earn LE 3.4 billion, main index up by 1.14 percent
Egyptian stock market indexes moved up collectively with the closure of Tuesday’s session, prompted by optimism among Egyptian and Arab…
Tourism rates up in November: Hesham Zaazou
December 17, 2013
Tourism rates up in November: Hesham Zaazou
Tourism Minister Hesham Zaazou said on Tuesday that November witnessed an increase in Egypt's tourism rates. Around 573,000 tourists arrived…
Swiss Attorney General cannot set a date to refund frozen Egyptian funds
December 17, 2013
Swiss Attorney General cannot set a date to refund frozen Egyptian funds
Swiss Attorney General Michael Lauber said on Monday that he cannot give a specific date on when frozen Egyptian assets…
US group to increase investments in Egypt by US$300 mil: Ministry
December 16, 2013
US group to increase investments in Egypt by US$300 mil: Ministry
Investment Minister Osama Saleh received delegation of the US Improved Petroleum Recovery (IPR) group to discuss desire to increase investments…
Selling of foreign investments costs capital market LE700 million
December 16, 2013
Selling of foreign investments costs capital market LE700 million
Sales of Arab and foreign investments have pushed stock indices slightly down after a considerable rise in the previous two…
Trade balance deficit down 22.3%: report
December 16, 2013
Trade balance deficit down 22.3%: report
Deficit in the trade balance fell this past August to LE16.86 billion compared to LE21.69 billion during the same month…
World Bank funds to Sharm al-Sheikh reach LE4.2 bn
December 16, 2013
World Bank funds to Sharm al-Sheikh reach LE4.2 bn
Civil Aviation Ministry announced that contributions from the World Bank for projects to develop the airports of Sharm al-Sheikh and…
China wishes to develop relations, grants Egypt US$24.7 mil
December 16, 2013
China wishes to develop relations, grants Egypt US$24.7 mil
Chinese Vice President Li Yuan Chao reiterated his country’s support for the will and choice of the Egyptian people, and…