Business

Egypt’s economy faces challenges but has potential, economists say

Egypt’s economy faces challenges but has potential, economists say

A group of economists and business leaders speaking at a conference on Sunday affirmed that Egypt’s economy faces serious challenges…
Textile companies face severe material shortage

Textile companies face severe material shortage

Egypt's textile and spinning companies are facing a sharp shortage in the materials they need for production, the Textile Workers…
Stock brokerage referred to Egypt’s prosecution

Stock brokerage referred to Egypt’s prosecution

The Egyptian Financial Supervisory Authority has referred al-Naeem stock brokerage company to the prosecution on charges of manipulating the prices…
Egypt’s Sewedy says won $440 mln contract in Qatar

Egypt’s Sewedy says won $440 mln contract in Qatar

Egypt's El Sewedy Electric, the Arab world's biggest listed cable maker, said on Monday its Qatari unit had won a…
Suez Canal March revenues up at US$413.5 mln

Suez Canal March revenues up at US$413.5 mln

Revenue from Egypt's Suez Canal rose 9 percent year-on-year to US$413.5 million in March and 6.4 percent from a month…
Hotel occupancy down by 65% after revolution

Hotel occupancy down by 65% after revolution

Egypt's hotel occupancy decreased by 64.7 percent after the 25 January revolution compared to the same period last year, according…
Saudi ambassador pledges new investments for Egypt

Saudi ambassador pledges new investments for Egypt

Saudi Arabia's ambassador to Egypt pledged that his country will make new investments in Egypt if it restores security after…
New procedures to encourage small and medium-size projects

New procedures to encourage small and medium-size projects

Minister of Industry and Foreign Trade Samir Sayyad on Sunday said the ministry is preparing new procedures that aim to…
Egypt’s inflation rises to 11.5% in March

Egypt’s inflation rises to 11.5% in March

Urban consumer inflation in Egypt rose to 11.5 percent in the 12 months to March from 10.7 percent in February,…
Egypt lifts ban on gold exports, cites stability

Egypt lifts ban on gold exports, cites stability

Cairo -- Egypt has lifted a ban on the export of gold due to economic and political stability, the government said…
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