Business
Turkish deposit at CBE governed by 5-year agreement: government source
November 25, 2013
Turkish deposit at CBE governed by 5-year agreement: government source
Federation of Egyptian Industries Chief Mohamed al-Seweidy said the federation will submit a request to the Trade and Industry Ministry…
Egypt suspends rice exports until further notice
November 25, 2013
Egypt suspends rice exports until further notice
Egypt suspended rice exports less than a week after issuing licences to sell the grain abroad, the head of the…
Stock market loses LE800 million
November 24, 2013
Stock market loses LE800 million
Stock indices went down on Friday, affected by sales of foreign investors and purchases of Arab and Egyptian investors. The main…
Egypt-Turkey Business Council calls for separating between political, economic issues
November 24, 2013
Egypt-Turkey Business Council calls for separating between political, economic issues
Egypt-Turkey Business Council has called for separating political and economic issues between the two countries, adding that trade relations between…
Armed forces to develop railways at LE4.7 billion, says cabinet
November 23, 2013
Armed forces to develop railways at LE4.7 billion, says cabinet
Cabinet has assigned the armed forces’ engineering authority to conduct industrial work for 27 bridges and tunnels at costs of…
Petroleum ministry mulls increasing gas price to foreign partners to encourage excavation
November 23, 2013
Petroleum ministry mulls increasing gas price to foreign partners to encourage excavation
Petroleum Minister Sherif Ismail has said that signing more agreements on excavation tops the sector priorities, adding that new tenders…
Microsoft sells over a million Xbox Ones in under 24 hours
November 23, 2013
Microsoft sells over a million Xbox Ones in under 24 hours
Microsoft Corp sold over 1 million of its new Xbox One game consoles within 24 hours of their hitting store…
Rebar price expected to decrease, as Turkish product importing resumes
November 21, 2013
Rebar price expected to decrease, as Turkish product importing resumes
Traders and importers are expecting a decline in prices of steel reinforcement-bar and stability in the market within two weeks,…
No stability, no investment in Egypt: Saudi Hotel Company
November 21, 2013
No stability, no investment in Egypt: Saudi Hotel Company
Saudi-owned Anjum Hotels has deferred investment of about 10 billion Saudi riyals (US$2.67 billion) in Egypt until stability is achieved…