Latest Business News
Petroleum Ministry responds to reduction of natural gas supply to cement factories
Ministry says 77% of natural gas and diesel supply were delivered to…
Minister of Supply, Grocers Syndicate wrangle over pay
Municipal bakeries that make subsidised bread for Egypt’s poor have been working…
Court drops verdict against Juhayna Food Industries
Reuters - A court in Cairo has cancelled a verdict against the…
Huge housing deal may signal Gulf investment push into Egypt
The construction company said on Sunday that it had agreed with the…
Saudi retailer Alhokair eyes US, UK buys; plans debut sukuk
Reuters - Fawaz Abdulaziz Alhokair Co., the Saudi retailer which franchises brands…
EFG seeks more investment banking revenue from abroad
EFG, which has yet to report full-year 2013 earnings, has seen its…
Jeddah Chamber of Commerce to invest EGP 2.5bn in Egypt
The Saudi chamber will establish a commodity exchange system in cooperation with…
G-24 developing countries meet in Luxor
Group will prepare for representation in the International Monetary Fund and the…
No electricity price increases since January 2013: Minister of Electricity
Minister Mohamed Shaker tells citizens to direct complaints over rising energy to…
Egypt gains marginally after $40bn housing deal; Gulf mixed
Reuters - Egypt’s shares rose slightly on Monday after a deal between…