Business
Minister: Egypt’s nuclear program contingent on parliament approval
September 18, 2013
Minister: Egypt’s nuclear program contingent on parliament approval
The implementation of Egypt’s nuclear program is contingent on the approval of the next parliament, Minister of Electricity Ahmed Imam…
Industry Ministry: LE1 bn for SMEs in Upper Egypt and Sinai
September 18, 2013
Industry Ministry: LE1 bn for SMEs in Upper Egypt and Sinai
The government has agreed with the Social Fund for Development to secure nearly LE1 billion to finance small- and medium-sized…
Russia to provide Egypt with wheat, says official
September 18, 2013
Russia to provide Egypt with wheat, says official
Alaa Qenawy, commercial minister and head of the Egyptian Commercial Representation Bureau in Moscow, said Russia has pledged to meet…
Steel rebar prices jump LE200 per ton
September 17, 2013
Steel rebar prices jump LE200 per ton
Steel dealers at the Chambers of Commerce have said that rebar prices went up by LE200 per ton, while prices…
51.8-percent increase in Egyptian cotton exports
September 17, 2013
51.8-percent increase in Egyptian cotton exports
Egypt's cotton exports have increased about 51.8 percent between March to May, according to the Central Agency for Public Mobilization and…
Major Saudi investor in Egypt dies
September 17, 2013
Major Saudi investor in Egypt dies
Saudi businessman Suleiman Abu Nami, the biggest investor in the Saudi and Egyptian stock exchanges, has died aged 87.Abu Nami…
Commerce federation calls for urgent meat imports
September 17, 2013
Commerce federation calls for urgent meat imports
The Federation of Egyptian Chambers of Commerce has called on the Cabinet to take urgent action to import meat to…
Fate of fourth mobile license unclear
September 17, 2013
Fate of fourth mobile license unclear
Mobile operators have not reached a final agreement with Telecom Egypt (TE) regarding a fourth mobile license for Egypt’s landline…
CBE grants US$40 billion tender for auction
September 16, 2013
CBE grants US$40 billion tender for auction
Central Bank of Egypt (CBE) granted on Monday a tender of US$40 billion and offered it for auction to banks…
Egypt hopes to tie oil payments to production increases: minister
September 16, 2013
Egypt hopes to tie oil payments to production increases: minister
Egypt wants to encourage foreign oil companies in the country to increase exploration and production in exchange for a more…