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Minister: Egypt’s nuclear program contingent on parliament approval

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

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

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

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

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

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

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

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

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

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…
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