Business
Zaazou: New plan to promote tourism investment in 2014
December 15, 2013
Zaazou: New plan to promote tourism investment in 2014
Tourism Minister Hesham Zaazou said that there is a new plan under consideration, aiming to attract foreign investments to the…
Stock market earns LE2.4 bn
December 15, 2013
Stock market earns LE2.4 bn
Stock indices saw a positive trading session, supported by purchases of Arab and foreign investors against the backdrop of setting…
CBE raises foreign currency transfer rate to US$200,000
December 15, 2013
CBE raises foreign currency transfer rate to US$200,000
Central Bank of Egypt (CBE) Governor Hesham Ramez said the allowed maximum rate of foreign currency transfer will be increased…
Heater sales jump due to cold weather
December 15, 2013
Heater sales jump due to cold weather
Heater sales jumped since the beginning of this week due to the current cold snap sweeping the country, according to…
No abolition of butane or food subsidies: official
December 14, 2013
No abolition of butane or food subsidies: official
Supply and Internal Trade Minister Mohamed Abu Shady denied rumors of the government's intention to cut back on public subsidies. Abu…
Deal reached with Cyprus to regulate gas discoveries
December 12, 2013
Deal reached with Cyprus to regulate gas discoveries
Petroleum Minister Sherif Ismail has said that an agreement was concluded on Thursday with Cyprus to exchange information about any…
Bankers: Dirty money report an American scheme to divert attention from roadmap
December 12, 2013
Bankers: Dirty money report an American scheme to divert attention from roadmap
Hossam Nasser, former planning minister advisor, accused the dirty money report as being an American scheme to divert the attention…
Prosecutor listens to testimonies against mobile operators for increasing prices
December 12, 2013
Prosecutor listens to testimonies against mobile operators for increasing prices
The finance and commercial affairs prosecution summoned the Consumer Protection Agency's officials, and the Citizens Against Price Hikes' Association officials,…
Referendum announcement pushes stock indices up
December 12, 2013
Referendum announcement pushes stock indices up
Stock indices rose considerably during Thursday’s trading session. Some credit the rise to Interim President Mansour Adly's declaration about the…
Egypt-Saudi power link-up project signed
December 12, 2013
Egypt-Saudi power link-up project signed
Prime Minister Hazem al-Beblawy attended the signing ceremony of an agreement of the Egyptian-Saudi electricity linkage project Thursday, along with…