economy

New Burullus harbor unsafe, say fishermen
Egypt

New Burullus harbor unsafe, say fishermen

Mohamed el-Balati boards the boat on which he works as a fisherman in Burullus. He scans the Burullus strait, his…
Stock exchange closes over 7000
Business

Stock exchange closes over 7000

The EGX 30 index of the Egyptian Stock Exchange closed at more than 7000 points on Wednesday due to purchases…
New Trade Ministry strategy to double exports
Business

New Trade Ministry strategy to double exports

The Trade Ministry devised a new strategy to increase Egyptian exports to LE580 billion in the next four years.Trade Minister…
Egypt stock market up 1.84%
Business

Egypt stock market up 1.84%

 For the third consecutive day, the Egyptian exchange saw a considerable increase, as more Egyptian investors bought stock, while Arab…
Local prices of iron increase
Business

Local prices of iron increase

Iron companies have raised the prices of iron to be sold in February by between LE200 to LE250, after Ezz…
Dealmaking back in fashion, as CEOs buy growth
Business

Dealmaking back in fashion, as CEOs buy growth

Davos, Switzerland--The manic dealmaking of the years before the financial crisis may be some way off, but acquisitions were certainly…
Sudanese beef on the way to Egypt
Egypt

Sudanese beef on the way to Egypt

The Sudanese Ministry of Animal Resources and Fisheries has announced that it will export approximately 2000 tons of beef to…
17,000 new taxis hit streets
Business

17,000 new taxis hit streets

Finance Minister Youssef Boutros-Ghali announced Wednesday that 17,000 new taxis had recently been delivered to their owners within the context…
Stock market rebounds after profit taking
Business

Stock market rebounds after profit taking

Egypt's stock exchange climbed 1.5 percent Wednesday, with 135 company shares increasing in value and 26 decreasing in a day…
Egypt seeks China investment to offset trade deficit
Business

Egypt seeks China investment to offset trade deficit

Shanghai -- According to sources at the Egyptian Investment Ministry, Minister Mahmoud Mohi Eddin plans to discuss Egypt's growing trade…
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