Business
Egyptian natural gas exports rise by 26%
April 3, 2012
Egyptian natural gas exports rise by 26%
Egyptian exports of natural gas and its derivatives rose by 26.1 percent in January, the cabinet’s Information and Decision Support…
Petroleum Ministry plan to import oil products costs US$1.1bn a month
April 2, 2012
Petroleum Ministry plan to import oil products costs US$1.1bn a month
The General Petroleum Authority has submitted a plan to Finance Ministry for May and June including the allocations needed for…
Foreign reserves fall to US$15 billion
April 2, 2012
Foreign reserves fall to US$15 billion
Egypt's net foreign reserves fell to US$15.12 billion at the end of March from $15.72 billion a month earlier, the…
Egyptian delegation flies to Israel to discuss Qualifying Industrial Zones
April 1, 2012
Egyptian delegation flies to Israel to discuss Qualifying Industrial Zones
An Egyptian trade delegation left for Israel Sunday to discuss solutions to problems facing the two countries' Qualifying Industrial Zones…
Govt starts negotiations with 30 banks to reopen 1,750 factories
March 30, 2012
Govt starts negotiations with 30 banks to reopen 1,750 factories
The Foreign Trade and Industry Ministry announced on Friday the formation of a "working group" comprised of representatives of the…
Permanent appointment of temporary laborers costs LE3 billion, says finance minister
March 29, 2012
Permanent appointment of temporary laborers costs LE3 billion, says finance minister
Finance Minister Momtaz al-Saeed told Parliament’s Budget and Planning Committee on Thursday that devising permanent contracts for 400,000 temporary workers…
Czech delegation to visit Egypt next week
March 29, 2012
Czech delegation to visit Egypt next week
A high-level delegation from the Czech Republic, including the foreign minister and 15 heads of leading companies, will visit Cairo…
Report: Egypt, Saudi Arabia agree to keep kingdom’s investments intact
March 29, 2012
Report: Egypt, Saudi Arabia agree to keep kingdom’s investments intact
The People’s Assembly Economic Affairs Committee has agreed to uphold all existing contracts governing Saudi Arabia’s US$27 billion in Egyptian…
Government to import 120,000 tons of wheat
March 28, 2012
Government to import 120,000 tons of wheat
The government on Wednesday signed a contract with the United States and Argentina to import 120,000 tons of wheat to…
Paper: Egypt army sees further drop in FX reserves
March 28, 2012
Paper: Egypt army sees further drop in FX reserves
CAIRO - Egypt's foreign reserves are expected to fall by more than US$5 billion to $10.4 billion by the end…