Business

Govt prepares legislation to boost SMEs

Govt prepares legislation to boost SMEs

The Egyptian government is drafting a set of legislation to boost investment in small and medium enterprises (SMEs), according to…
Tour guides shun new Egyptian Museum souvenir center

Tour guides shun new Egyptian Museum souvenir center

The Egyptian Museum souvenir center, which opened last week, made LE100,000 in revenues on Friday, up from LE50,000 on Thursday,…
Negotiations underway to secure Russian wheat supplies

Negotiations underway to secure Russian wheat supplies

Trade and Industry Minister Rachid Mohamed Rachid, at a press conference with his Russian counterpart on Monday, said Egypt is…
Airport shuttle damaged in storm to be replaced by French manufacturer

Airport shuttle damaged in storm to be replaced by French manufacturer

Cairo Airport Company Chairman Hassan Rashed has decided to send the electric shuttle train intended to link Cairo International Airport’s…
Minister: 90% of tourist investments Egyptian-owned

Minister: 90% of tourist investments Egyptian-owned

Egyptians exclusively own 90 percent of Egypt’s investments in tourism, according to Minister of Tourism Zoheir Garranah. The minister noted…
VimpelCom’s US$6.6 bln Sawiris merger may fail on shareholder opposition

VimpelCom’s US$6.6 bln Sawiris merger may fail on shareholder opposition

Moscow--Vimpelcom's US$6.6 billion bid for telecoms assets owned by Weather Investments received a major setback on Monday when Norwegian shareholder…
Striking truck drivers destroy 9 vehicles; 80 strikers arrested

Striking truck drivers destroy 9 vehicles; 80 strikers arrested

Egyptian trucker drivers, who have now been on strike for ten consecutive days, have destroyed nine vehicles
Ministry: Egypt’s sugar reserve covers three months

Ministry: Egypt’s sugar reserve covers three months

The Ministry of Social Solidarity said the public-sector sugar company has a three month reserve. It says the company supplies…
Egypt drops cash cover requirement on sugar import

Egypt drops cash cover requirement on sugar import

Egypt's central bank said on Saturday it was exempting banks from a 50 percent cash cover requirement on sugar imports…
Egypt’s Arafa 9-month net profit more than doubles

Egypt’s Arafa 9-month net profit more than doubles

Arafa Holding, Egypt's biggest garment exporter, saw its net profit more than double in the nine-month period from February to…
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