Business

Egypt considers importing butane from Iran, Algeria

Egypt considers importing butane from Iran, Algeria

To offset the mounting shortage of butane gas, Egypt's General Petroleum Corporation is mulling whether to import the natural resource…
Investment Authority: Pardons restore confidence in Egypt’s economy

Investment Authority: Pardons restore confidence in Egypt’s economy

The draft law to grant businessmen criminal pardons would restore confidence in the Egyptian economy and promote foreign investments, said…
Finance ministry policies against people’s will, says rights group

Finance ministry policies against people’s will, says rights group

Budgetary and Human Rights Observatory (BAHRO) criticized the media campaign which says that Egypt's economy is at stake and that…
Ministry: We didn’t link price increases with gas supply to Jordan

Ministry: We didn’t link price increases with gas supply to Jordan

A high official at the Ministry of Petroleum denied the ministry requested price increases as a condition for resuming natural…
Finance minister: Saudi Arabia offers US$200 million in aid

Finance minister: Saudi Arabia offers US$200 million in aid

Finance Minister Samir Radwan on Thursday said Saudi Arabia has offered the Egyptian government US$200 million in financial aid to…
Egypt cement maker sees rapid sector expansion

Egypt cement maker sees rapid sector expansion

Egypt's cement sector will shake off a property crisis and expand production capacity by 30 percent by the end of…
Gas exports to Israel bring Egypt US$40 million monthly

Gas exports to Israel bring Egypt US$40 million monthly

Egypt's Eastern Mediterranean Gas Company (EMG), an Israeli-Egyptian consortium, has announced for the first time that it pays Egypt US$40…
Reconciliation over land violations aims to attract foreign investment

Reconciliation over land violations aims to attract foreign investment

Experts have praised the government for considering a law intended to absolve from criminal liability those investors who bought state-owned…
Egypt’s real estate sector down, not out

Egypt’s real estate sector down, not out

There seem to be plenty of good reasons to avoid Egypt's battered real estate sector, yet some investors are tiptoeing…
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