Business
Bank source predicts further drop in Egypt’s foreign reserve
December 6, 2013
Bank source predicts further drop in Egypt’s foreign reserve
A banking source has predicted Egypt’s foreign reserve to drop to US$17.8 billion, down from $18.5 billion in last October. The…
70 cases of labor protests over 5 months: Manpower Ministry
December 5, 2013
70 cases of labor protests over 5 months: Manpower Ministry
Manpower Minister Kamal Abu Eita received a report on the ministry’s activities in the field of labor relations and collective…
Telecommunications growth to reach 20 percent by 2016, says minister
December 5, 2013
Telecommunications growth to reach 20 percent by 2016, says minister
The telecommunications sector is targeting a growth of 18-20 percent in the next three years, representing 6 percent of the…
Hotel occupancy rates will rise in February: Tourism Minister
December 5, 2013
Hotel occupancy rates will rise in February: Tourism Minister
Tourism Minister Hesham Zaazou said hotel occupancy rates are expected to improve in February. The projection is based on a…
Sugar reserves enough for 5 months: Agency
December 5, 2013
Sugar reserves enough for 5 months: Agency
Egypt’s reserves of sugar is enough for 5 months to come, said Hassan Kamel, head of the Holding Company for…
Egypt plans energy exploration tender this month- official
December 5, 2013
Egypt plans energy exploration tender this month- official
State-owned Egyptian General Petroleum Corporation (EGPC) plans to launch bid rounds for 15 oil and gas exploration blocks this month,…
Beblawy assures Gulf investors
December 4, 2013
Beblawy assures Gulf investors
Prime Minister Hazem al-Beblawy assured investors of Egypt's strong economic situation on Wednesday during the opening of the Egyptian Gulf Investment…
Stock exchange loses LE700 million Tuesday
December 3, 2013
Stock exchange loses LE700 million Tuesday
Tuesday’s trading session was marked by a state of caution among traders against the backdrop of political tensions as well…
Egypt received fuel from Gulf at $2.48 bn in November
December 3, 2013
Egypt received fuel from Gulf at $2.48 bn in November
The Ministry of Petroleum received fuel shipments valued at US$2.48 billion from Saudi Arabia, UAE and Kuwait in November, a…
Egypt’s GASC seeks wheat for 20-31 December shipment
December 3, 2013
Egypt’s GASC seeks wheat for 20-31 December shipment
Egypt's main wheat-buying agency, the General Authority for Supply Commodities, set a tender on Monday to buy an unspecified amount…