Business

850,000 drivers signed up for fuel smart cards

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

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

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

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

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

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

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%

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

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

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…
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