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Egypt’s Cabinet approves decision exempting gold imports from customs

Egypt’s Cabinet approves decision exempting gold imports from customs

The Egyptian Cabinet officially approved during its meeting on Wednesday the Prime Minister’s draft resolution to exempt gold imports in…
Naguib Sawiris defends brother’s move to suspend investment in Egypt

Naguib Sawiris defends brother’s move to suspend investment in Egypt

Egyptian billionaire Naguib Sawiris defended his brother Samih Sawiris following outrage after Samih announced he would suspend his investment in…
Gold prices stabilize in Egypt Wednesday

Gold prices stabilize in Egypt Wednesday

Gold prices stabilized, Wednesday at the beginning of trading at the local and global markets. The US inflation data is…
International credit rating institutions put pressure on Egypt: Expert

International credit rating institutions put pressure on Egypt: Expert

Fitch Ratings on Friday lowered Egypt’s rating by one notch from “B+” to “B”, while converting its outlook to “negative”,…
US dollar price stabilizes in Egypt Tuesday

US dollar price stabilizes in Egypt Tuesday

The price of the US dollar on Tuesday in Egypt stabilized at the beginning of trading settling in the Central…
Sovereign Fund of Egypt, El-Ezaby Pharmacy launch pharmaceutical trading company

Sovereign Fund of Egypt, El-Ezaby Pharmacy launch pharmaceutical trading company

The Sovereign Fund of Egypt (TSFE), through its subsidiary fund for health services and pharmaceutical industries, and B Investments firm,…
Finance Ministry responds to Fitch rating of Egypt’s economy

Finance Ministry responds to Fitch rating of Egypt’s economy

Egyptian Finance Minister Mohamed Maait responded to Fitch’s decision to downgrade Egypt’s credit rating in both local and foreign currencies…
Egypt fixes fuel prices on Wednesday

Egypt fixes fuel prices on Wednesday

The Egyptian Petroleum Products Automatic Pricing Committee  during its Wednesday meeting recommended it fix the different prices of fuel in…
Samih Sawiris eyes tourism investment in Saudi Arabia

Samih Sawiris eyes tourism investment in Saudi Arabia

Egyptian billionaire Samih Sawiris, founder of Orascom Development Egypt, has started negotiations with Saudi parties to invest in the Saudi…
Molla: We expand spot contracts to export LNG

Molla: We expand spot contracts to export LNG

Minister of Petroleum and Mineral Resources Tarek al-Molla said the exportation of LNG on a spot basis is helping Egypt…
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