Business

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…
Planning Minister: current investors are ‘heroes’

Planning Minister: current investors are ‘heroes’

Planning Minister Ashraf al-Araby said that the social justice file has not achieved any progress since the 25 January revolution,…
CBE ‘pressured’ Qatar to transfer deposit to dollar bonds, sources say

CBE ‘pressured’ Qatar to transfer deposit to dollar bonds, sources say

  The US$ 3 billion deposit Egypt received from Qatar two months ago as part of an aid package has since…
Economic experts discuss changes in new constitution

Economic experts discuss changes in new constitution

It is part and parcel that any changes in Egypt’s constitution will affect businessmen, investors and business in general in…
Ministry of Finance: Total budget deficit at LE239.9bn

Ministry of Finance: Total budget deficit at LE239.9bn

Egypt's total budget deficit hit LE239.9 billion during fiscal year 2012-2013, representing 13.8 percent of the country's GDP, according to…
Stock market indexes rise collectively at end of week

Stock market indexes rise collectively at end of week

Egyptian stock market indexes collectively rose at the end of Thursday's trading session helped by Egyptian and Arab purchases. The stock…
Leftist forces: PM went back on minimum wage promise

Leftist forces: PM went back on minimum wage promise

Leaders of leftist parties have criticized Prime Minister Hazem al-Beblawy for now saying the government would not raise the minimum…
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