Business

Egypt’s exports to France rose 40% after 25 January

Egypt’s exports to France rose 40% after 25 January

Statistics of the Commercial Representation Authority showed a considerable increase in the trade balance between Egypt and France, which has…
Egypt’s urban inflation down to 10.4% in July

Egypt’s urban inflation down to 10.4% in July

The urban consumer inflation was 10.4 percent in the 12 months to July, down from 11.8 percent in June, figures…
Egypt’s stocks tumble on global recession fears

Egypt’s stocks tumble on global recession fears

The Egyptian Exchange’s benchmark index plunged Tuesday, with investors taking their cues from other international markets spooked by fears of…
Sharm el-Sheikh hotel occupancy rebounds in August

Sharm el-Sheikh hotel occupancy rebounds in August

Hotel occupancy rates in Sharm el-Sheikh have risen since the beginning of August, even though Egyptian and Arab tourists have…
Minister says Saudi investors didn’t leave Egypt after revolution

Minister says Saudi investors didn’t leave Egypt after revolution

Trade and Industry Minister Mahmoud Eissa said Tuesday none of Egypt's Saudi investors have left the country since the 25…
Government considers doing away with gas subsidies

Government considers doing away with gas subsidies

The government is reconsidering its policy of subsidizing petroleum products, said Petroleum Minister Abdullah Ghorab.
Noble wins rig contracts for Egypt, North Sea

Noble wins rig contracts for Egypt, North Sea

Noble Corp announced several new contracts on Monday for oil rigs operating in the North Sea, Egypt and Gulf of…
Egypt to borrow US$550mn for steam power station

Egypt to borrow US$550mn for steam power station

The Egyptian government on Monday signed an agreement to borrow US$550 million from the African Development Bank to finance the…
Cost of wheat imports nears LE4bn every 3 months

Cost of wheat imports nears LE4bn every 3 months

Egyptian banks give credit facilities of about LE3.9 billion every three months to wheat importers, National Bank of Egypt chairman…
Minister: Jordan to agree on new Egyptian gas prices by October

Minister: Jordan to agree on new Egyptian gas prices by October

An agreement on prices of Egyptian natural gas exports to Jordan is expected to be signed by October, Jordanian Energy…
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