Business
Italy allocates LE55 million to revive maritime line with Egypt
October 26, 2013
Italy allocates LE55 million to revive maritime line with Egypt
Italy has allocated LE55 million to revive a maritime route with Egypt. Nagy Albert, chairman of the Egyptian-Italian Friendship Association, said…
Deputy PM says IMF loan unnecessary
October 26, 2013
Deputy PM says IMF loan unnecessary
Deputy Prime Minister Ziad Bahaa Eddin has said that Egypt does not currently need loans from the International Monetary Fund.Referring…
Sudan allocates two million acres to Arab investors for agriculture
October 25, 2013
Sudan allocates two million acres to Arab investors for agriculture
Sudan's Investment Authority has allocated an area of approximately two million acres for agricultural projects run by Arabs investors, namely…
Stock market capitalization up LE6 billion this week
October 25, 2013
Stock market capitalization up LE6 billion this week
Egyptian stock indexes collectively rose over this week, as the main stock index - the EGX30 - increased by 3.08…
Stock market indexes show mixed performance at end of week
October 24, 2013
Stock market indexes show mixed performance at end of week
Stock market indexes closed on Thursday showing mixed performance. While the main index EGX-30 rose, the EGX-70 index declined. The EGX-30 rose…
President adds LE60 bn from Gulf aid to state budget
October 24, 2013
President adds LE60 bn from Gulf aid to state budget
Interim President Adly Mansour has added LE60 billion from the US$12 billion Gulf financial aid package to the state budget. Cabinet…
Ministry: 500,000 ardebs of fertilizers ready for wheat cultivation season
October 24, 2013
Ministry: 500,000 ardebs of fertilizers ready for wheat cultivation season
Minister of Agriculture Ayman Farid Abu Hadeed said 75 million kg of high quality fertilizers are ready for use during…
Agriculture Ministry ponders tougher regulation of fertilizer market
October 23, 2013
Agriculture Ministry ponders tougher regulation of fertilizer market
The government is looking at ways to monitor the prices of phosphate fertilizers to ensure the implementation of market mechanisms…
CBE Governor: Egypt’s foreign reserves rose to $18.9 bn
October 23, 2013
CBE Governor: Egypt’s foreign reserves rose to $18.9 bn
Gulf assistance packages to Egypt have helped increase its foreign currency reserves to US$18.9 billion, according to Central Bank Governor…
Petroleum minister denies crisis over repayment of debts
October 22, 2013
Petroleum minister denies crisis over repayment of debts
Minister of Petroleum and Mineral Resources Sherif Ismail denied in a press statement on Tuesday that international oil companies operating in…