Business

Stock exchange loses LE700 million Tuesday

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

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

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…
Stocks fall collectively, main index down by 0.31%

Stocks fall collectively, main index down by 0.31%

Egypt’s stock market abandoned its morning gains by the end of Monday’s session with stocks falling collectively, prompted by sales…
Central Bank returns US$500 million deposit to Qatar

Central Bank returns US$500 million deposit to Qatar

A senior official from the Finance Ministry said that the central bank is returning a US$500 million deposit to Qatar…
Saudi Arabia will provide Egypt with US$5 billion package

Saudi Arabia will provide Egypt with US$5 billion package

A senior official at the Ministry of Finance said Saudi Arabia would offer a new aid package to Egypt worth…
Kuwait Fund delegation in Cairo to discuss supporting Egypt

Kuwait Fund delegation in Cairo to discuss supporting Egypt

A delegation from the Kuwait Fund for Arab Economic Development arrived in Cairo on Saturday evening to discuss a new…
Stock exchange indexes drop collectively Thursday

Stock exchange indexes drop collectively Thursday

The stock exchange indexes dropped collectively by the end of Thursday session, hitting the largest weekly loss since last June,…
24 Silos to be built, would save LE 3 billion on bread

24 Silos to be built, would save LE 3 billion on bread

Attiya Hammad, head of the bakeries division within Cairo Chamber of Commerce, said the government intends to build 25 new…
Government fails to convince private sector to apply minimum wage

Government fails to convince private sector to apply minimum wage

The government failed to negotiate with the private sector to implement a LE 1200 minimum wage system for its workers,…
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