Business

In near future, experts see a wave of drastic price increases

In near future, experts see a wave of drastic price increases

As the country’s economic crisis continues to administer its blistering effects on businesses and consumers, industry insiders and experts are…
Finance Ministry offers LE5.5 bn in treasury bills

Finance Ministry offers LE5.5 bn in treasury bills

The Finance Ministry announced an offering of treasury bills worth LE5.5 billion Sunday, in the government's newest move to abate…
Authority stops issuing new liquor licenses in new areas

Authority stops issuing new liquor licenses in new areas

Authorities have put a halt to issuing new liquor licenses in some of Cairo’s recently built areas and new settlements,…
Inflation rises 1.8% in January

Inflation rises 1.8% in January

The rate of monthly inflation rose by 1.8 percent in January compared to December, and the annual rate of inflation…
Damietta LNG plant idled as Egypt keeps its gas at home

Damietta LNG plant idled as Egypt keeps its gas at home

The Damietta liquefied natural gas facility in Egypt is not operating due to a lack of feed gas as the…
Egypt, Turkey hope to double bilateral trade, says Morsy

Egypt, Turkey hope to double bilateral trade, says Morsy

Egypt and Turkey plan to double trade transactions between the two countries over the next few years, announced President Mohamed…
Price hikes for food, medicine

Price hikes for food, medicine

The overall index of food prices went up by 1 percent last week, said Osama Sultan of the Federation of…
Microsoft announces new development initiatives in Egypt, Africa

Microsoft announces new development initiatives in Egypt, Africa

The Microsoft Corporation announced a series of new programs aimed at helping unemployed youth, young women entrepreneurs and small and…
After Wednesday losses, stock market starts to rally Thursday

After Wednesday losses, stock market starts to rally Thursday

Stock indexes rose slightly by the end of trading on Thursday, supported by purchases made by Egyptian and foreign investors.…
OIC Summit was costly affair for Fairmont, says source

OIC Summit was costly affair for Fairmont, says source

The Fairmont Heliopolis hotel lost money by hosting the Organization of Islamic Cooperation Summit this week, claimed an anonymous source,…
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