Business

Stock market loses LE2.3 billion

Stock market loses LE2.3 billion

Stock indices dropped on Monday, with the exchange seeing a LE2.3-billion dip by the end of the day's trading. The main…
Egypt to invite first tender for oil exploration in 2014

Egypt to invite first tender for oil exploration in 2014

The Egyptian General Petroleum Corporation (EGPC) will invite the first tender for tight oil exploration in Egypt in early 2014,…
MOPCO entitled to expansion despite environmental risks, court rules

MOPCO entitled to expansion despite environmental risks, court rules

A Damietta court ruled on Monday to allow Misr Fertilizers Production Company (MOPCO) to expand two of the company's plants,…
Egypt received $7 bln of promised $12 bln in Gulf aid

Egypt received $7 bln of promised $12 bln in Gulf aid

Egypt has received $7 billion out of the $12 billion in aid pledged by Gulf countries, its central bank governor…
OPEC to finance South Helwan power plant

OPEC to finance South Helwan power plant

Prime Minister Hazem al-Beblawy on Sunday attended the final signing ceremony of a loan agreement worth US$70 million with the OPEC…
Tourism minister compensates those affected by downturn of tourism in Luxor and Aswan

Tourism minister compensates those affected by downturn of tourism in Luxor and Aswan

 Minister of Tourism Hisham Zaazou issued aid worth LE3 million to those affected by the tourism downturn in Luxor and…
State will force pricing list if pricing guideline not followed: Supply minister

State will force pricing list if pricing guideline not followed: Supply minister

Minister of Supply and Internal Trade Mohamed Abu Shady threatened that if the new pricing guideline issued earlier by the…
Government cuts commodity prices as part of stimulus plan

Government cuts commodity prices as part of stimulus plan

In light of current high inflation rates, which rose an alarming 0.7 percent, the interim government launched a new price…
Stock market gains LE2.3 billion in Thursday trading

Stock market gains LE2.3 billion in Thursday trading

Stock market indices ended in the green on Thursday, supported by intensive purchases by Arab and Egyptian investors, especially of…
Stock market on middling rise despite $2 billion from Kuwait

Stock market on middling rise despite $2 billion from Kuwait

Egypt's stock market saw a limited decline on Wednesday despite a Kuwaiti deposit of US$2 billion that could push foreign…
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