Ministry of Tourism considering payment of $7 development fee on behalf of tourism companies
This led the ministry to study the option of paying for the development fees instead of the companies.
31 Egyptian Social Democratic Party members leave for Free Egyptians Party
One of those who left announced he hoped social democratic, liberal parties would merge
Brotherhood ‘never committed violent acts’: Badie
Verdict in Brotherhood leaders’ trial on 7 June; Badie, Al-Beltagy and Hegazy testify in their own defence in court
Deadly clashes in Libya as rogue general accused of leading coup
Haftar says his campaign against the Islamists aims to purge the restive city of "terrorist" groups, but he has been denounced by the authorities in Tripoli of trying to stage…
Bank of America expects continued EGP depreciation
EGP value against dollar slumps after CBE’s foreign exchange auction to record EGP 7.14 comparing to EGP 7.083 before the auction
EU funds textile sector development
Ted Med Cluster project, funded by European Union, aims to “attracts investments, transfer technology and modern management methods”, says Chamber of Alexandria chairman
Citadel Capital’s assets surge to EGP 30bn
The firm said in January it expects to make asset purchases with a value of EGP 132m, in addition to EGP 2.928bn purchases made earlier this year
Steel mills halt production 8 hours per day due to electricity outages: Suez Steel chairman
Steel plants say they suffer from energy shortages, and despite working at only 70% of production capacity, over accumulation of their inventories has reached 150,000 tons
Suez Canal Authority consults investment banks in financing development project
Authority plans to obtain funding through stock market IPO, says media spokesperson