Latest Business News
Ministry of Finance denies mixing pensions and state budget
Ministry asserts it did not embezzle or waste EGP 400bn from the…
WFP scales up its Syria emergency operation as growing numbers struggle for food
In 2014, WFP plans to feed 4.25 million displaced Syrians inside their…
Egypt pound flat at Monday’s forex auction
On the black market the pound was trading on Monday at 7.33/7.36,…
BP signs deal to develop large Oman ‘tight gas’ project
BP has already spent hundreds of millions of dollars on the project…
Foreign Trade Minister issues decision to establish ‘Handicrafts Export Council’
Council to support handicrafts sector following major decline in tourism
Banque Misr and UEEPC sign EGP 285m loan agreement
The loan will be used to finance renovations in Assiut’s power station
Chairman of Valley Group Holdings: Subsidies not socially just
Subsidies harm the concept of social justice and support for the poor…
Egypt to repay part of debt to oil companies in Egyptian pounds
Egypt's foreign currency reserves, which stood at $36bn before autocrat Hosni Mubarak…
Ministry of Communication finalises preparations for issuing of unified licences
The National Telecommunications Regulatory Authority (NTRA) is examining a final settlement for…
Negotiations fail between EGAS and Shell over gas supply for next summer’s electricity
Sources revealed that EGAS negotiated with Shell and other companies to import…