Latest Business News
Government aiming to boost public awareness of energy subsidies issue
“The next government will not be able to cut energy subsidies, nor…
EGP 2.38bn to be allocated from budget ‘to supply necessary goods’ to citizens: Galal
Oil sector will receive EGP1.106bn, ministry says in an official statement
Moody’s says Egypt banking sector outlook still negative
Moody’s cited “banks’ high and increasing exposure to Caa1-rated Egyptian government debt”,…
Finance minister provides Public Transport Authority with EGP 15.2m
Allocated finances aim to enhance authority’s liquidity and support services offered to…
Dodgy data obscures reality of Gulf’s economic boom
Reuters – Saudi Arabia’s economy chugged along at modest annual growth rates…
Arab Contractors net profits down 33.3% year on year
Net profits register EGP 336m in FY 2012/2013, compared to EGP 505m…
Fahmy looks to strengthen Africa economic and trade ties
Minister of Foreign Affairs to present proposals for deeper economic cooperation in…
Egyptian Pound inches up on official market, weakens slightly on black market
Reuters – The Egyptian pound strengthened slightly at a central bank foreign…
Dubai’s Arabtec in talks to buy Kuwaiti firm
Reuters - Arabtec Holding, Dubai’s largest listed construction firm, is in the…