Business

Construction sector shrinks as material prices soar

Construction sector shrinks as material prices soar

  The number of registered contracting and building companies has fallen from 41.000 to 14,000, according to Mohamed Abul Enein,…
Nour Party launches initiative to ‘save’ economy

Nour Party launches initiative to ‘save’ economy

The Nour Party announced on Monday the launch of the National Council for Economic Development, as part of a bid…
Iraq to provide Egypt with 4 million barrels of oil per month

Iraq to provide Egypt with 4 million barrels of oil per month

Iraq will start supplying Egypt with 4 million barrels of Basra crude oil per month, according to an agreement signed…
Egypt’s fuel shortages demonstrate perfect storm of economic pressures

Egypt’s fuel shortages demonstrate perfect storm of economic pressures

Long lines at gas stations and electricity blackouts have become a part of everyday life for most Egyptians in the…
Market falls amid OCI travel ban, new regulations

Market falls amid OCI travel ban, new regulations

The main index of the Egyptian stock market fell by a whopping 2.30 percentage points on Monday, the biggest losses…
57.5% of Egyptians do not make ends meet: Govt survey

57.5% of Egyptians do not make ends meet: Govt survey

A survey of Cabinet’s Information and Decision Support Center (IDSC) has shown that the incomes of 57.5 percent of Egyptian…
Egypt bans OCI founder, chairperson from travel

Egypt bans OCI founder, chairperson from travel

The prosecutor general’s office placed a travel ban on the founder of Orascom Constructions Industries Onsi Sawiris and his son,…
Stock market slightly rises at end of trading

Stock market slightly rises at end of trading

Egypt’s stock market rose slightly by the end of trading Sunday, the first session of the week, reversing the significant…
Egypt finance minister expects IMF loan before elections

Egypt finance minister expects IMF loan before elections

Finance Minister Morsy Hegazy said Sunday he expected his government to reach an agreement with the International Monetary Fund on…
Labor dispute resolution makes little headway for Ain Sokhna Port workers

Labor dispute resolution makes little headway for Ain Sokhna Port workers

Workers at Ain Sokhna Port returned to work last week, bringing to an end a two-week strike that resulted in…
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