Business

Stock market up 1.6%

Stock market up 1.6%

The Egyptian stock exchange's EGX 30 index rose by 1.6 percent on Tuesday, gaining 107.9 points to close at 6833.2…
Alex sees spike in subsidized tea prices

Alex sees spike in subsidized tea prices

Abdel Fattah Ahmed, commercial director of the public-sector Alexandria Company for Cooperatives, said that the Investment Ministry had set new…
Govt considers raising subsidized sugar prices

Govt considers raising subsidized sugar prices

According to informed sources, the government is currently thinking about raising the price of subsidized sugar sold at state cooperatives…
Land ownership abolished in Toshka, East Owaynat

Land ownership abolished in Toshka, East Owaynat

The Council of Ministers is currently considering the allocation of new land in Toshka, East Owaynat and parts of El-Wadi…
In light of crisis, discount sales come early this year

In light of crisis, discount sales come early this year

From "50-percent-off" to "buy-one-get-one-free" deals, local retailers are scrambling to boost sales amid widespread financial difficulties associated with the unfolding…
Ministry source: No amendments to real estate tax bill

Ministry source: No amendments to real estate tax bill

A source at the Finance Ministry has denied allegations that parliament had requested certain amendments to the real estate tax…
Admin court rejects FT’s MobiNil bid

Admin court rejects FT’s MobiNil bid

The administrative court Wednesday rejected an offer by France Telecom (FT) for the acquisition of a 100-percent stake in Egyptian…
Industry to enjoy cheap energy 6 more months

Industry to enjoy cheap energy 6 more months

The Trade and Industry Ministry's energy pricing committee has recommended that plans to increase energy prices for industrial projects be…
Alex real-estate prices skyrocket

Alex real-estate prices skyrocket

Property prices in the coastal city of Alexandria have risen considerably in recent months, especially in areas overlooking the Mediterranean…
Yearly sugar subsidies reach LE3.5 billion

Yearly sugar subsidies reach LE3.5 billion

Annual state sugar subsidies have been raised from LE2.2 billion last year to LE3.5 billion this year to reflect rising…
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