Business
Railway revenues down by 34%
December 25, 2013
Railway revenues down by 34%
The Cabinet’s Information and Decision Support Center announced on Wednesday a decline in revenues for Egypt's railway system by 34.2…
Stock market earns LE3.4 bn on Wednesday
December 25, 2013
Stock market earns LE3.4 bn on Wednesday
Stock indices ended Wednesday’s trading session with a rise amid optimism for the new year. Traders said the market in 2014…
US$9 bn in new UAE and Saudi aid
December 25, 2013
US$9 bn in new UAE and Saudi aid
A senior finance ministry official has told the Turkish Anadolu news that Egypt is receiving a new aid package of…
Polish oil company gives up on search for oil in Egypt’s Western Desert
December 25, 2013
Polish oil company gives up on search for oil in Egypt’s Western Desert
A prominent source at the Egyptian General Petroleum Authority said that Polish Oil and Gas Company will stop its exploration…
Seven new oil agreements with U$1.2 billion investments
December 23, 2013
Seven new oil agreements with U$1.2 billion investments
The Cabinet approved seven new oil agreements to explore for oil and gas.
95 permits for hotels New Year’s parties
December 22, 2013
95 permits for hotels New Year’s parties
Egyptian hotels have acquired 95 permits to hold New Year's parties, according to Tourism Undersecretary Osama al-Ashry. Permits are valid until…
Stock market records slight losses Sunday
December 22, 2013
Stock market records slight losses Sunday
Egyptian stock indexes recorded a slight decline by the end of Sunday's session. Observers attribute this to the financial positions…
Statistics agency: Egyptian exports of cotton declines by 38.3%
December 22, 2013
Statistics agency: Egyptian exports of cotton declines by 38.3%
The Central Agency for Public Mobilization and Statistics announced that Egypt's cotton exports declined during the fourth quarter of the…
Minister: Egypt’s stock of wheat covers 7 months
December 22, 2013
Minister: Egypt’s stock of wheat covers 7 months
Mohamed Abu Shady, Minister of Supply and Internal Trade, said Egypt’s stock of wheat is enough until 7 April 2014,…
Egyptian-Chinese Chamber of Commerce to boost economic cooperation
December 20, 2013
Egyptian-Chinese Chamber of Commerce to boost economic cooperation
The Egyptian-Chinese Chamber of Commerce held its first meeting on Wednesday evening to boost bilateral trade and investments. At the first…