Business

Railway revenues down by 34%

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

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

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

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

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

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

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%

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

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

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…
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