Business
Stock market shares lose LE700 million
October 2, 2013
Stock market shares lose LE700 million
Egyptian stock market indexes had varied results at the end of Wednesday’s trading session. The indexes were helped by foreign…
New mandatory pricing list: a merchant’s nightmare
October 1, 2013
New mandatory pricing list: a merchant’s nightmare
The interim government has threatened imposing a so-called “mandatory pricing list” on merchants to fight soaring commodity prices and merchants’…
Stock market earns LE2.4 billion in day’s trading
October 1, 2013
Stock market earns LE2.4 billion in day’s trading
Stock indices went up collectively by the end of Tuesday’s trading amid intensive purchases by foreign investors against sales byArab…
Egypt’s debts to foreign oil companies reach US$6.2 billion: minister
October 1, 2013
Egypt’s debts to foreign oil companies reach US$6.2 billion: minister
Minister of Petroleum and Mineral Resources Sherif Ismail has announced that Egypt's debts to foreign companies reached US$6.2 billion by…
Consumer Protection Agency: ‘tariffication is illegal’
October 1, 2013
Consumer Protection Agency: ‘tariffication is illegal’
A number of consumer protection agencies called on Supply Minister Mohamed Abu Shady to go back on a decision to…
Stock market loses LE2.3 billion
September 30, 2013
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
September 30, 2013
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
September 30, 2013
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
September 29, 2013
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
September 29, 2013
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…