Business

Sharm el-Sheikh celebrates Mubarak’s departure

Sharm el-Sheikh celebrates Mubarak’s departure

Sharm el-Sheikh, Egypt’s tourism capital, breathed a sigh of relief last week when former President Hosni Mubarak was transported to…
Sinai residents to be compensated for damage caused by pipeline explosion

Sinai residents to be compensated for damage caused by pipeline explosion

The Egyptian Natural Gas Company (GASCO) will compensate North Sinai residents who were affected by last month’s attack on the…
Egypt accepts US$2 billion from World Bank

Egypt accepts US$2 billion from World Bank

The Ministry of International Cooperation has accepted US$2 billion in grants and loans from the World Bank under the Partnership…
Egypt’s exports to France rose 40% after 25 January

Egypt’s exports to France rose 40% after 25 January

Statistics of the Commercial Representation Authority showed a considerable increase in the trade balance between Egypt and France, which has…
Egypt’s urban inflation down to 10.4% in July

Egypt’s urban inflation down to 10.4% in July

The urban consumer inflation was 10.4 percent in the 12 months to July, down from 11.8 percent in June, figures…
Egypt’s stocks tumble on global recession fears

Egypt’s stocks tumble on global recession fears

The Egyptian Exchange’s benchmark index plunged Tuesday, with investors taking their cues from other international markets spooked by fears of…
Sharm el-Sheikh hotel occupancy rebounds in August

Sharm el-Sheikh hotel occupancy rebounds in August

Hotel occupancy rates in Sharm el-Sheikh have risen since the beginning of August, even though Egyptian and Arab tourists have…
Minister says Saudi investors didn’t leave Egypt after revolution

Minister says Saudi investors didn’t leave Egypt after revolution

Trade and Industry Minister Mahmoud Eissa said Tuesday none of Egypt's Saudi investors have left the country since the 25…
Government considers doing away with gas subsidies

Government considers doing away with gas subsidies

The government is reconsidering its policy of subsidizing petroleum products, said Petroleum Minister Abdullah Ghorab.
Noble wins rig contracts for Egypt, North Sea

Noble wins rig contracts for Egypt, North Sea

Noble Corp announced several new contracts on Monday for oil rigs operating in the North Sea, Egypt and Gulf of…
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