Business
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…
Tourism minister compensates those affected by downturn of tourism in Luxor and Aswan
September 29, 2013
Tourism minister compensates those affected by downturn of tourism in Luxor and Aswan
Minister of Tourism Hisham Zaazou issued aid worth LE3 million to those affected by the tourism downturn in Luxor and…
State will force pricing list if pricing guideline not followed: Supply minister
September 28, 2013
State will force pricing list if pricing guideline not followed: Supply minister
Minister of Supply and Internal Trade Mohamed Abu Shady threatened that if the new pricing guideline issued earlier by the…
Government cuts commodity prices as part of stimulus plan
September 26, 2013
Government cuts commodity prices as part of stimulus plan
In light of current high inflation rates, which rose an alarming 0.7 percent, the interim government launched a new price…