Business

Egypt’s economy grows only 1% in first quarter

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

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

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

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

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

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

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

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

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

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…
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