Business

Egypt officially becomes gas-importing country to meet demand

Egypt officially becomes gas-importing country to meet demand

Egypt has announced that it has changed from a gas-exporting to a gas importing country based on a decision issued…
Cabinet approves Islamic bonds law in principle

Cabinet approves Islamic bonds law in principle

The Cabinet during its meeting Wednesday approved in principle a draft law on sovereign Islamic bonds and decided it would…
Stock market rises on foreign investments

Stock market rises on foreign investments

The Egyptian Stock Exchange rose in early trading on Wednesday, driven by purchases of Arab and foreign investors and amid…
Tourism losing US$267 mln weekly since 25 January uprising, study shows

Tourism losing US$267 mln weekly since 25 January uprising, study shows

The tourism sector has been losing US$267 million a week since the breakout of the 25 January revolution, a study…
South Korea eyes multi-million dollar investments in Egypt

South Korea eyes multi-million dollar investments in Egypt

South Korea plans to invest US$583 million in Egypt, South Korean ambassador Young-so Kim said on Tuesday, adding that the…
Govt project aims to make wheat, corn, oil production self-sufficient

Govt project aims to make wheat, corn, oil production self-sufficient

Prime Minister Hesham Qandil has tasked the agriculture, irrigation, electricity and investment ministries to begin implementing a project the government…
Authorities allow massive gold export after week-long delay

Authorities allow massive gold export after week-long delay

Customs authorities on Sunday allowed an export shipment of 1,600 kilograms of gold extracted from the Sukari Gold Mine to…
Petroleum minister: Sukari gold mine problem resolved

Petroleum minister: Sukari gold mine problem resolved

Petroleum Minister Osama Kamal has said that the dispute between the Egyptian General Petroleum Corporation and Centamin, the company that…
Suez Canal revenues down; railway revenues increase

Suez Canal revenues down; railway revenues increase

Suez Canal revenues fell by 1.1 percent during October to reach US$443 million, while railway revenues increased between January and…
Company exploiting Sukari Gold Mine halts work, citing government demand

Company exploiting Sukari Gold Mine halts work, citing government demand

An official from the Sukari Gold Mine said on Thursday that work has stopped due to a diesel shortage. The…
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