Latest Business News
Egyptian foreign reserves edge up in March: Central Bank head
Reuters - Egypt’s foreign reserves rose to around $17.42bn in March from…
Red Sea Ports Authority announces new development plans
Projects aim to increase investments at the Egyptian ports
Egyptian pound weakens at Central Bank dollar sale
Dollar shortages have been fuelling a thriving black market.
Mobile licence offered to Telecom Egypt for $360m: Ministry
It has been waiting to launch a new mobile operation that would…
Smartcard company complains of delay In Egyptian subsidy cut scheme
Fuel subsidies account for a fifth of state spending, but one cash-strapped…
Minister of Communication talks strategy with American, Polish and Ugandan counterparts
At the World Telecommunications Development Conference, Atef Helmy calls for international cooperation…
Online shopping on the rise in Egypt: MasterCard
Souq, Jumia, Amazon and Facebook the most commonly used online shopping websites
Major economies end first quarter on weaker note
Reuters - Major economies in Asia and Europe finished the first quarter…
1H FY 2013/2014 BOP registers $2bn surplus
The current account balance came in at $755.8m, down from $757m registered…
Assiut power station project receives $106m loan from KFAED
The loan has a 2.5% fixed interest rate to be paid over…