Business
Suez Canal revenues drop 3.6% in first half of fiscal year
February 21, 2013
Suez Canal revenues drop 3.6% in first half of fiscal year
Suez Canal revenues fell 3.6 percent in first half of the current fiscal year versus the same period before, Planning…
EGX stocks rise slightly despite tumultuous market
February 21, 2013
EGX stocks rise slightly despite tumultuous market
The stock exchange saw its value rise slightly by end of trading Thursday, thanks in part to strong buying trends…
Saudi Arabia gives US$25 million to MENA transition fund
February 21, 2013
Saudi Arabia gives US$25 million to MENA transition fund
The Saudi Fund for Development has agreed to give US$25 million to the World Bank’s Middle East and North Africa…
Petroleum Minister: Mazut subsidies to end in three years
February 20, 2013
Petroleum Minister: Mazut subsidies to end in three years
Petroleum and Mineral Resources Minister Osama Kamal said Wednesday that the price of mazut, a fuel commonly used for industrial…
Shura Council passes Saudi loan approved by Brotherhood, rejected by Salafis
February 20, 2013
Shura Council passes Saudi loan approved by Brotherhood, rejected by Salafis
The Shura Council on Wednesday endorsed the President Mohamed Morsy’s approval of a draft loan agreement with the Saudi Fund…
Cabinet approves new law promoting reconciliation
February 20, 2013
Cabinet approves new law promoting reconciliation
The Cabinet approved an amendment Wednesday allowing defense lawyers to plea bargain for clients convicted in absentia as part of…
Housing minister unveils first phase of national development plan
February 20, 2013
Housing minister unveils first phase of national development plan
Housing and Urban Development Minister Tareq Wafiq announced Wednesday that officials had completed the first phase of a national strategic…
Egypt announces fuel price hikes
February 20, 2013
Egypt announces fuel price hikes
Egypt's government announced new fuel prices for many sectors of the economy on Tuesday, which industry sources said were…
GDP grows 2.4% in first half of fiscal year
February 20, 2013
GDP grows 2.4% in first half of fiscal year
Egypt’s economy grew 2.4 percent during the first half of the current fiscal year, according to a Cabinet statement Wednesday.…
Govt struggles to maintain food reserves
February 20, 2013
Govt struggles to maintain food reserves
Egypt has 2.467 million tons of wheat in its reserves, enough to meet local demand for 101 days, the Cabinet…