Business
850,000 drivers signed up for fuel smart cards
January 2, 2014
850,000 drivers signed up for fuel smart cards
Yasser Ezz, project manager at the company that is printing the fuel cards, said that 850,000 cars out of six…
Electricity prices may go up for heavy consumers in attempt to deal with crisis
January 2, 2014
Electricity prices may go up for heavy consumers in attempt to deal with crisis
Unidentified government sources said that the cabinet is leaning towards adopting an increase in electricity prices for consumers in the…
Mansour approves 8 new petroleum agreements, with US$1.2 billion investment
January 2, 2014
Mansour approves 8 new petroleum agreements, with US$1.2 billion investment
Interim President Adly Mansour issued decrees approving eight new oil agreements to search for oil and gas with investments of…
QNB buys Societe Generale stake in NSGB Life Insurance
January 2, 2014
QNB buys Societe Generale stake in NSGB Life Insurance
The Qatar National Bank (QNB) has bought the stake of National Societe Generale in NSGB Life Insurance for US$8.3 million,…
Metallurgical Industries Chamber renews calls to halt Turkish steel importing
January 2, 2014
Metallurgical Industries Chamber renews calls to halt Turkish steel importing
Chamber of Metallurgical Industries renewed calls on Trade and Industry Ministry to take measures to cap importing of Turkish steel,…
Banking officials: Government still faces foreign cash reserve drop
January 1, 2014
Banking officials: Government still faces foreign cash reserve drop
Banking officials said the foreign cash reserve in Egypt might decline in 2014 and thereby place more pressure on the…
Shares gain LE1.8 billion
December 30, 2013
Shares gain LE1.8 billion
Stock market indices slightly increased by the end of Monday's trading session, driven by purchases of Arab investors rather than…
Hotel occupancy down 6.18%
December 30, 2013
Hotel occupancy down 6.18%
A study by the Central Agency for Public Mobilization and Statistics published Monday revealed a 6.18 percent drop in hotel…
Hurghada Airport receives 25,200 tourists in 2 days
December 29, 2013
Hurghada Airport receives 25,200 tourists in 2 days
Hurghada International Airport received 25,200 European tourists on 140 flights during the past 48 hours, as well as 3,600 Egyptian…
Stock market closes with losses on Thursday
December 26, 2013
Stock market closes with losses on Thursday
The Egyptian stock market indices fell on Thursday, affected by the ongoing political unrest and profit-taking. The market capitalization lost more…