Latest Business News
Egypt says to complete $1.5bn payment to oil firms this week
Approval of the $1.5 billion payment was announced by the government on…
Ration cards issued to families of martyrs and the injured: Abu Shady
This comes on the occasion of the third memorial of 25 January…
Egypt Pound slips again at Forex auction
The central bank sold $38.6 million to banks at Monday's auction, with…
Egypt to pay $1bn to foreign oil firms Monday: Central Bank
Egypt pledged last week to pay $300 million of the money it…
EGP 1.5bn for infrastructure developments in industrial zones
Industrial zones to have road infrastructure, water and electricity to attract foreign…
IMF delegation to visit Egypt in January
The delegation will resume talks about Value Added Tax draft law
Egypt approves oil and gas exploration agreements
The deals are with firms including BP, Dana Gas Emirati, Petroceltic International,…
Balance of payments jump to $3.7bn
Significant rise in the account surplus is lessened by dramatic fall in…
Minister of Finance allots additional fund for different sectors
EGP 165m will be allocated for tourism, EGP 225m for petroleum, EGP…
UAE’s Arabtec plans property arms; eyes M&A, Egypt
Arabtec will partner with other firms to undertake projects in Dubai, Abu…