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Supply minister negotiating US$1 bn loan for wheat, petroleum products

Supply minister negotiating US$1 bn loan for wheat, petroleum products

Egypt is currently negotiating with the Saudi Arabia-based Islamic Development Bank over a US$1 billion loan for wheat and petroleum…
Tourism officials worry about hotel occupancy, decline in tourism sector

Tourism officials worry about hotel occupancy, decline in tourism sector

Experts and officials warned of the collapse of the tourism sector, in spite of the recovery the sector has witnessed…
Trade minister: Rice smuggling attempts will be dealt with firmly

Trade minister: Rice smuggling attempts will be dealt with firmly

The Trade Ministry in coordination with the Finance Ministry will firmly deal with any attempts to smuggle rice out of…
Gulf pledges of financial help late, shrouded in secrecy

Gulf pledges of financial help late, shrouded in secrecy

Over a year ago, Gulf leaders pledged loan, grant and investment packages to rescue Egypt from financial disaster during its…
Industry minister meets with EU ambassador over economic ties

Industry minister meets with EU ambassador over economic ties

The ndustry and foreign trade minister on Wednesday highlighted the necessity of turning European Union-proposed initiatives into projects that positively…
World Bank to allocate US$250 million for Cairo transport

World Bank to allocate US$250 million for Cairo transport

The World Bank agreed to loan Egypt US$250 million to be allocated to improving public transportation and traffic in Cairo…
Draft law regulating domestic trade presented to cabinet

Draft law regulating domestic trade presented to cabinet

Sources with the Social Solidarity and Domestic Trade Ministry said that the ministry has submitted a draft law for regulating…
Egypt to negotiate interest on ‘yellow remittances’ with Iraq

Egypt to negotiate interest on ‘yellow remittances’ with Iraq

Minister of Manpower and Immigration Fathy Fekry said on Tuesday that Egypt intends to request interest on the remittances of the Egyptians…
Family members of 2 Mubarak-era ministers resign from Credit Agricole

Family members of 2 Mubarak-era ministers resign from Credit Agricole

Family members of two Mubarak-era ministers have left their posts on the board of Credit Agricole Egypt bank, state-run news…
Egyptian natural gas exports rise by 26%

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…
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