losses

Public business sector on verge of collapse: Reports
Business

Public business sector on verge of collapse: Reports

Major companies from the public business sector are on the verge of collapse due to increased losses and the deterioration…
Vice-chief: Railways authority losses exceed US$140 million since January revolution
Egypt

Vice-chief: Railways authority losses exceed US$140 million since January revolution

Total losses of the Egyptian National Railways exceeded US$140 million due to political situations that have been ongoing since 25…
Stock exchange indexes drop collectively Thursday
Business

Stock exchange indexes drop collectively Thursday

The stock exchange indexes dropped collectively by the end of Thursday session, hitting the largest weekly loss since last June,…
Tourism minister says he has great hope sector will recover in months
Business

Tourism minister says he has great hope sector will recover in months

Tourism Minister Hisham Zaazou expressed great hope that the tourism sector would recover in few months and overcome losses that…
Railways lose LE250m over two weeks: minister
Business

Railways lose LE250m over two weeks: minister

Minister of Transport Ibrahim al-Domeiry estimated losses incurred by Egypt's railways authority over the past two weeks at LE250 million.The…
CBE: June cash reserve losses total US$700mn
Business

CBE: June cash reserve losses total US$700mn

Egypt's cash reserve lost US$700 million in June. By the end of the month it was $26.5 billion, compared to…
Committee to determine losses of Libya returnees, companies
Business

Committee to determine losses of Libya returnees, companies

Prime Minister Essam Sharaf will form a national committee to determine the total number of Egyptian workers that have returned…
Revolution cost tourism, real estate, industry sectors over LE10 billion
Business

Revolution cost tourism, real estate, industry sectors over LE10 billion

A government report released on Thursday said Egypt lost over LE10 billion in its tourism, industry, and construction sectors due…
Study: Investments worth trillions at risk from climate change
Environment

Study: Investments worth trillions at risk from climate change

Climate change could put trillions of investment dollars at risk over the next 20 years, a global study released on…
Shariqya factory blaze joins list of October fires
Egypt

Shariqya factory blaze joins list of October fires

Fires on Wednesday ravaged al-Arabiya electronics factory in 10th of Ramadan city, Shariqya Governorate. Criminal investigations concluded an electrical short…
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