Business
Toyota, Suzuki halt Egypt production amid unrest – Nikkei
August 17, 2013
Toyota, Suzuki halt Egypt production amid unrest – Nikkei
Toyota Motor Corp and Suzuki Motor Corp halted production in Egypt on Thursday due to political turmoil in the country,…
Shell closes Egypt offices, curbs business travel there
August 15, 2013
Shell closes Egypt offices, curbs business travel there
Europe's top oil company Royal Dutch/Shell has closed its offices in Egypt for the next few days and restricted business…
Oil hits four-month high as Egypt stokes supply fears
August 15, 2013
Oil hits four-month high as Egypt stokes supply fears
Brent oil prices climbed above $111 per barrel to a four-month high on Thursday on fears that escalating violence in…
31.5% decline in trade deficit in April
August 13, 2013
31.5% decline in trade deficit in April
The Central Agency for Public Mobilization and Statistics (CAPMAS) has recorded a decline in the trade balance deficit for April.The…
Monthly international flights down by 11%, says aviation minister
August 13, 2013
Monthly international flights down by 11%, says aviation minister
Civil Aviation Minister Abdel Aziz Fadel has said international flights on EgyptAir declined by 11 percent between July and August.
Dollar expected to dip further versus pound
August 13, 2013
Dollar expected to dip further versus pound
Belal Khalil, deputy chairman of the Foreign Exchange Division of the Federation of the Chamber of Commerce, has warned the…
Kuwait to provide 4.5 million oil barrels to Egypt
August 12, 2013
Kuwait to provide 4.5 million oil barrels to Egypt
A prominent government source has said that Kuwait will offer fuel and financial support estimated at US$4 billion. The Kuwaiti petroleum…
Egypt could turn $5.4-billion petroleum debts into bonds
August 12, 2013
Egypt could turn $5.4-billion petroleum debts into bonds
The Egyptian General Petroleum Corporation (EGPC) is looking into proposals that would convert debt owed to foreign oil companies operating…
Some Egypt businesses thrive in crush of economic downturn
August 12, 2013
Some Egypt businesses thrive in crush of economic downturn
Egypt's smaller companies have struggled since the uprising that pushed aside Hosni Mubarak in 2011. But in a few corners…
Importers say local reserves of staple commodities “safe”
August 11, 2013
Importers say local reserves of staple commodities “safe”
Commodity importers have assured that Egypt’s local reserves of staple commodities are largely safe, noting that global and local prices…