Business

Zaazou: New plan to promote tourism investment in 2014

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

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

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

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

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

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

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

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

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

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…
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