Business
Egypt’s exports to France rose 40% after 25 January
August 10, 2011
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
August 10, 2011
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
August 9, 2011
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
August 9, 2011
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
August 9, 2011
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
August 8, 2011
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
August 8, 2011
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
August 8, 2011
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
August 8, 2011
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
August 8, 2011
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…