Business
Why Egypt’s energy bill is higher than official figures suggest
August 10, 2013
Why Egypt’s energy bill is higher than official figures suggest
Egypt’s energy bill, already a whopping $17 billion, is probably much higher than official figures suggest. The country is losing…
Egypt registers “disappointing” gold purchases
August 9, 2013
Egypt registers “disappointing” gold purchases
Rafik Abbasy, vice president of the Gold Industry Chamber, has said gold purchases are “disappointingly” low these days, contrary to…
Workers, environment bear brunt in Sinai cement trade
August 7, 2013
Workers, environment bear brunt in Sinai cement trade
It is 3 pm, the time the workers of the Sinai Cement Company set off for home. Some are suffering…
Egypt launches $2-million project to limit industrial waste
August 4, 2013
Egypt launches $2-million project to limit industrial waste
Egypt has announced the launch of a $2-million project aimed at managing industrial waste and encouraging enterpreneurship. The project…
Supply Ministry declares state of emergency ahead of Eid
July 31, 2013
Supply Ministry declares state of emergency ahead of Eid
Egypt's Ministry of Supply and Domestic Trade has declared a state of emergency ahead of Eid. Mahmoud Abdel Aziz, head…
Local Development Ministry to bolster financing for micro-projects
July 31, 2013
Local Development Ministry to bolster financing for micro-projects
Egypt's Minister of Local Development Adel Labib said on Wednesday that the ministry will continue to hand out short-term loans…
Stock exchange up LE1.4 billion
July 30, 2013
Stock exchange up LE1.4 billion
Stock exchange indices collectively rose by the end of Tuesday trading in Egypt, following a decline in the last four…
Egypt to push ahead with smart cards for gasoline
July 29, 2013
Egypt to push ahead with smart cards for gasoline
The new Egyptian government will press ahead with a smart card program for distributing fuel products that its predecessor had…
Stock market falls for a fourth straight day
July 29, 2013
Stock market falls for a fourth straight day
The Egyptian stock market continued to fall for a fourth consecutive session and its benchmark index EGX30 dropped by 0.58…
Egypt’s new finance minister plans stimulus, not austerity
July 25, 2013
Egypt’s new finance minister plans stimulus, not austerity
Egypt interim government will seek to avoid major austerity measures and instead work to stimulate the economy by improving security…