Business

The Finance Ministry has said that funds allocated by the government for diesel fuel subsidies have run out for the…

South Korean electronics giant Samsung has cornered 50 percent of the smart phone market, an increase of more than 30 percent…

After a shaky day for the market, stock indexes closed with a LE500 million loss on Thursday. The main index…

  The Cabinet plans to invite the International Monetary Fund delegation to Cairo next month to resume negotiations over a…

Minister of Supply and Internal Trade Bassem Kamal on Wednesday said existing and contracted local and imported wheat reserves are…

The Egyptian pound weakened to a  record low against the US dollar in interbank trade and slid further still on…

  The General Petroleum Corporation will likely have trouble seeking loans following an international credit rating agency's decision to downgrade…

Orascom Construction Industries announced Wednesday that a majority of its shareholders had agreed to transfer their shares to a Dutch-based…

Ratings agency Moody's cut Egypt's credit rating on Tuesday, citing doubts about its ability to secure International Monetary Fund support…

Egypt's main agricultural bank is launching Islamic retail services this month to meet increasing demand in rural areas, a bank…