Business

Selling of foreign investments costs capital market LE700 million

Selling of foreign investments costs capital market LE700 million

Sales of Arab and foreign investments have pushed stock indices slightly down after a considerable rise in the previous two…
Trade balance deficit down 22.3%: report

Trade balance deficit down 22.3%: report

Deficit in the trade balance fell this past August to LE16.86 billion compared to LE21.69 billion during the same month…
World Bank funds to Sharm al-Sheikh reach LE4.2 bn

World Bank funds to Sharm al-Sheikh reach LE4.2 bn

Civil Aviation Ministry announced that contributions from the World Bank for projects to develop the airports of Sharm al-Sheikh and…
China wishes to develop relations, grants Egypt US$24.7 mil

China wishes to develop relations, grants Egypt US$24.7 mil

Chinese Vice President Li Yuan Chao reiterated his country’s support for the will and choice of the Egyptian people, and…
Zaazou: New plan to promote tourism investment in 2014

Zaazou: New plan to promote tourism investment in 2014

Tourism Minister Hesham Zaazou said that there is a new plan under consideration, aiming to attract foreign investments to the…
Stock market earns LE2.4 bn

Stock market earns LE2.4 bn

Stock indices saw a positive trading session, supported by purchases of Arab and foreign investors against the backdrop of setting…
CBE raises foreign currency transfer rate to US$200,000

CBE raises foreign currency transfer rate to US$200,000

Central Bank of Egypt (CBE) Governor Hesham Ramez said the allowed maximum rate of foreign currency transfer will be increased…
Heater sales jump due to cold weather

Heater sales jump due to cold weather

Heater sales jumped since the beginning of this week due to the current cold snap sweeping the country, according to…
No abolition of butane or food subsidies: official

No abolition of butane or food subsidies: official

Supply and Internal Trade Minister Mohamed Abu Shady denied rumors of the government's intention to cut back on public subsidies. Abu…
Deal reached with Cyprus to regulate gas discoveries

Deal reached with Cyprus to regulate gas discoveries

Petroleum Minister Sherif Ismail has said that an agreement was concluded on Thursday with Cyprus to exchange information about any…
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