Business

Saudi Arabia Egypt’s first export destination, Turkey second

Saudi Arabia Egypt’s first export destination, Turkey second

Saudi Arabia topped the list of countries receiving Egyptian exports in 2013, with over LE12.8 billion in exports, compared to…
American investments forum held next April

American investments forum held next April

Head of the US-Egypt Business Council Omar Mehanna announced that an American delegation will arrive in Cairo in April to…
Government considers pumping LE5 billion to save textile industry: official

Government considers pumping LE5 billion to save textile industry: official

The Egyptian government is considering pouring in about LE5 billion to save the state-run textile industry, a senior government official…
Mansour raises budget of the Armed Forces General Services Authority by LE 517 million

Mansour raises budget of the Armed Forces General Services Authority by LE 517 million

Interim President Adly Mansour issued a decree increasing the credit balance granted to the Armed Forces General Services Authority at…
Egypt cannot return US$1 billion deposit to Turkey: minister

Egypt cannot return US$1 billion deposit to Turkey: minister

Ahmed Galal, the finance minister, said Egypt cannot return a Turkish deposit of US$1 billion because the deposit was set…
Stock exchange gains LE4.4 billion

Stock exchange gains LE4.4 billion

The Egyptian stock indexes rose by the end of Sunday session amid great optimism among investors after the Central Bank…
Six river ports up for investment

Six river ports up for investment

The Transportation Ministry is making progress towards developing a more efficient river transport system.  The Ministry has just finished preparing the…
Mobile operators referred to prosecution for ‘increasing prices’

Mobile operators referred to prosecution for ‘increasing prices’

The Egyptian Competition Authority (ECA) filed a lawsuit against three mobile operators (Mobinil, Vodafone, Etisalat) for their agreement on a…
Egypt negotiates for 13 gas shipments with Gazprom company

Egypt negotiates for 13 gas shipments with Gazprom company

A senior official at the Egyptian Natural Gas Holding Company Egas said the company is negotiating with the Gazprom company…
Govt seeks more diesel imports via international tenders

Govt seeks more diesel imports via international tenders

Egypt is seeking to increase its reserve of diesel and oil fuel through international tenders for importing the product, according…
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