Business

Why Egypt’s energy bill is higher than official figures suggest

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

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

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

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

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

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

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

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

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

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…
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