Latest Business News
EGP 135bn spent on subsidies for current fiscal year
By the end of the current fiscal year the amount spent on…
Wepco assumes operational control of Badr 1 field
Badr El Din Petroleum Company is currently operating Badr 1 but will…
50 exhibitors participating in International Franchising Exhibition
Chairman of Egyptian Franchise Development Association says size of direct investments for…
EGPC to export Western Desert crude oil
Revenues of each sold barrel will value at $2, Egyptian General Petroleum…
Egypt imports 60,000 tons of wheat from Ukraine
The wheat supplies will be imported starting on 20 June over a…
B-/B ratings affirmed, Al-Sisi expected to win: Standard and Poor’s
S&P notes that violence may escalate if “social elements” are radicalised, which…
Suez Canal development plan to be presented in January 2015: SCA official
Suez Canal Authority expects consortium tasked with preparing the plan to be…
Unemployment rate up 0.2% year on year
Number of unemployed reached 3.7 million in Q1 2014 compared to 2.4…
Kharabeesh obtains YouTube Certification
It is the first MENA region multi-channel network to receive this accreditation,…
BlackBerry aims to reverse emerging market slump with budget handset
Just two years ago, the Canadian firm had a 40% share of…