Latest Business News
Budget deficit pushed to 10% of GDP and debt to 90% of GDP: Finance minister
Total expenditure set at EGP 789bn, revenues expected to reach EGP 549bn,…
Bourse rises 1.13% following budget approval
President Al-Sisi approved the State's budget setting budget deficit at 10% of…
Tourism authority achieves highest revenues to date, backs Red Sea projects
The Tourism Development Authority’s board of directors, chaired by Minister of Tourism…
No intention to re-adjust price offered for EFG-Hermes stock: Beltone-Sawiris alliance
The alliance says deal will bring $230m in foreign investments.
African Development Bank examines $700m in financing for irrigation projects
By Abdel Razek Al-Shuwekhi The African Development Bank (ADB) is currently considering…
Decrease in hotel occupancy during the first 3 days of Ramadan: Tourism official
Hotel occupancy decreased around Egypt for the first three days of Ramadan,…
Budget deficit down to 10%, state budget approved by the president
Total expenditure set at EGP 789bn while revenues expected to reach EGP…
Violence in Iraq costs Egypt EGP 10bn
EGP 10bn increase in fuel subsidies for 2014/2015 budget a result of…
Lantern prices increase 20%, Chinese products infiltrate market
Ramadan lantern prices increased this Ramadan over last year due to a…
Supply ministry continues Ramadan offerings
Food commodity prices offered at 30% discount, ministry says