Business

Egypt, Abu Dhabi Fund sign US$49 million loan deal for power plant

Egypt, Abu Dhabi Fund sign US$49 million loan deal for power plant

 Egypt signed a loan agreement with Abu Dhabi Fund for Development worth 285 million Egyptian pounds (US$49.2 million) that will…
Germany pledges additional funds for High Dam project

Germany pledges additional funds for High Dam project

The German government signed an agreement extending €4.345 million in additional loans to Egypt for work on a project aiming…
Egypt gas deal overshadows Israel Tamar project

Egypt gas deal overshadows Israel Tamar project

Tel Aviv--Subsidiaries of conglomerate Israel Corp are to buy Egyptian natural gas in a 20-year deal worth between US$5 billion…
Egypt’s truckers’ strike threatens a bread crisis

Egypt’s truckers’ strike threatens a bread crisis

The Land Transportation Association said the government has so far incurred LE500 million in direct and indirect losses resulting from…
Low temperatures drive up crop prices

Low temperatures drive up crop prices

The current cold snap has caused the prices of vegetables and fruits to rise due to shortages of supply, according…
Govt stands firm on truckers’ tax

Govt stands firm on truckers’ tax

Sources from within the Egyptian Tax Authority ruled out the possibility of cancelling its recent decision to fine overloads and…
Govt pledges salary hikes for state employees amid continued protests

Govt pledges salary hikes for state employees amid continued protests

The Egyptian government intends to double the salaries of its state employees over the next five years, Minister of State…
Egyptian businessmen eye investment in Nile Basin

Egyptian businessmen eye investment in Nile Basin

The Egyptian Businessmen’s Association, a coalition of pro-business organizations, plans to carry out shuttle visits to Nile Basin countries in…
Egypt plans to build first nuclear plant by 2019

Egypt plans to build first nuclear plant by 2019

Egypt's minister of electricity says the country plans to build its first nuclear power and have it fully operational by…
Egypt’s nationwide truck drivers’ strike could push inflation up

Egypt’s nationwide truck drivers’ strike could push inflation up

Truck drivers have continued on Saturday to protest for a second day against a decision by the government to increase…
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