Business

Microsoft sells over a million Xbox Ones in under 24 hours

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

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

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…
Minister predicts tourism slowdown by end of 2013

Minister predicts tourism slowdown by end of 2013

Tourism Minister Hisham Zaazou has predicted tourism revenues will drop by the end of 2013 despite "efforts being exerted by…
Petrojet wins a US$100 million pipeline contract in Iraq

Petrojet wins a US$100 million pipeline contract in Iraq

Egyptian-owned oil company Petrojet won a tender to design, supply and implement the butane pipeline project from Nasiriyah to Khor…
Stock market earns LE2.4 bn Tuesday

Stock market earns LE2.4 bn Tuesday

Stock indices rose collectively at the end of Tuesday’s trading session with extensive purchases on blue-chip stocks, ignoring the clashes…
Egypt sees wheat self-sufficiency for subsidy program by 2019

Egypt sees wheat self-sufficiency for subsidy program by 2019

Egypt, the world's biggest wheat importer, can achieve self-sufficiency in wheat for its bread subsidy program by 2019 if silo…
Stock market earns LE3 bn Monday

Stock market earns LE3 bn Monday

Stock indices shrugged off investors’ fears of Brotherhood violence on the second anniversary of the Mohamed Mahmoud Street events and…
Stock rises in Sunday trading, shares gain LE2.2 billion

Stock rises in Sunday trading, shares gain LE2.2 billion

Stock indexes ended Sunday’s trading session, the first of the week, with a collective rise, with the support of purchases…
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