Business

Saudi’s Savola takes full control of 2 Egypt firms

Saudi’s Savola takes full control of 2 Egypt firms

JEDDAH — Saudi food group Savola has bought the remaining 22 percent stakes in two Egyptian companies it acquired in…
European wheat firm with U.S., Egypt tender eyed

European wheat firm with U.S., Egypt tender eyed

PARIS — European wheat futures rose as U.S. grains and wider markets steadied after day-earlier losses, with European wheat also…
Egypt’s Suez Canal November revenue US$435.5mn

Egypt’s Suez Canal November revenue US$435.5mn

Revenue from Egypt's Suez Canal rose 5.5 percent on a year earlier to US$435.5 million in November, but down 2.8…
Will liberal parties be able to influence economic policy?

Will liberal parties be able to influence economic policy?

Despite their modest gains in the first round of elections, liberal parties could still play an influential role in setting…
Officials pledge to end butane shortage

Officials pledge to end butane shortage

Officials on Saturday said that the current shortage of the butane gas cylinders is being addressed government measures to provide…
Egypt inflation rises to 9.1 percent in November

Egypt inflation rises to 9.1 percent in November

Egypt’s inflation accelerated on rising food prices in November to reach an annual rate of 9.1 from 7.1 percent in…
Egypt negotiates 25 million-euro grant with EU, World Bank

Egypt negotiates 25 million-euro grant with EU, World Bank

Egypt has negotiated a 25 million-euro grant for development projects with the European Union and World Bank, an official with…
Consumer Protection Agency to repair defective Honda vehicles

Consumer Protection Agency to repair defective Honda vehicles

The Egyptian Consumer Protection Agency (CPA) said Friday it has agreed with the Nile Trading and Engineering Company to carry…
New finance minister promises more of the same

New finance minister promises more of the same

Momtaz El-Said's appointment Wednesday makes him Egypt’s fourth finance minister this year, but brings with it little promise of new…
UAE energy minister says investments in Egypt to continue

UAE energy minister says investments in Egypt to continue

The United Arab Emirates will continue to invest in Egypt, especially in petroleum and renewable energy, UAE Energy Minister Mohamed…
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