Business

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Latest Business News

Diesel supply restricted

Ministry of Petroleum tries to solve diesel shortage in Egypt

Daily News Egypt

February 13, 2013

$Orascom Construction Industries (OCI) will comply with the Egyptian Financial Supervisory Authority’s (EFSA) request for additional documentation, disclosures and clarification pertaining to the announced mandatory tender offer (MTO) by OCI NV on its ordinary shares (Photo\Public Domain)$

OCI NV offer accepted

Abraaj Group and the Sawiris family did not vote

February 13, 2013

Debt swap on hold

Deal includes projects in the fields of education and employment

February 13, 2013

Chairman of the Egyptian Tax Authority Mamdouh Omar stated that the total amount is predicted to reach EGP 123bn by the end of February (Photo - DNE)

Tax receipts reach EGP 116bn

Tax Authority aims to help government limit the budget deficit

Daily News Egypt

February 13, 2013

Moody's website (AFP Photo)

Moody’s downgrades Egyptian government bonds to B3

The credit-rating agency is maintaining the rating on review for possible further…

Daily News Egypt

February 12, 2013

The report said in Egypt, optimism for local job prospects lowered by nine points in Q4 to 50% and positive perceptions for personal finances dropped seven points to 57% ( Photo - AFP)

Egypt’s consumer confidence dips nine points in Q4

Optimism for local jobs prospects declined nine points

February 12, 2013

Sokhna crisis closes port for thirteenth day

Egypt’s transport minister had announced the crisis on 11 February, which resumed…

Daily News Egypt

February 12, 2013

Pharmaceutical companies, particularly regional and multinational ones, argue that the worldwide rising prices of medicinal drugs, which are imported using US dollars (Photo - AFP)

Ministry of Health

Controversy over medicine prices hike

Medicines price rise completes the series of prices hike in Egypt

Daily News Egypt

February 12, 2013

Some people criticised Central Bank policies after the 25 January Revolution, and that it had been helped by Egyptian banks to help businessmen to smuggle their money deposited in banks abroad (File Photo) (AFP Photo)

Central Bank dollar supply continues to shrink

$37.8m were sold at a forex auction which began last December at…

February 12, 2013

The diesel crisis: Petroleum minister’s words versus reality

Crisis due to high levels of smuggling and not a shortage in…

Daily News Egypt

February 12, 2013