Economy

Government seeks private sector participation to rescue state budget

Government seeks private sector participation to rescue state budget

Senior informed sources have revealed that the state budget for the fiscal year 2015/16 has yet to be finalized, as…
Negotiations with Saudi Arabia, Kuwait, Emirates to inject US$6 bn into Egypt

Negotiations with Saudi Arabia, Kuwait, Emirates to inject US$6 bn into Egypt

Investment Minister Ashraf Salman said the Cabinet has started negotiations with the Emirates, Saudi Arabia and Kuwait to inject US$…
Minister: Clearing, settlement to be conducted with stock market investors

Minister: Clearing, settlement to be conducted with stock market investors

Investment Minister Ashraf Salman has announced that the ministery is conducting a clearing and settlement with stock market investors with…
Switzerland’s Panalpina acquires its long-time Egyptian agent Afifi

Switzerland’s Panalpina acquires its long-time Egyptian agent Afifi

Switzerland-based supply chain solutions provider Panalpina will acquire its Egyptian agent Afifi, a highly respected family-owned company specializing in freight…
Egypt’s market loses $3.4 bn in a week, EGX30 down 0.85%

Egypt’s market loses $3.4 bn in a week, EGX30 down 0.85%

Egypt's market main index EGX30 declined 0.85 percent in this week, Egyptian Exchange data showed.Meanwhile, the EGX70 index and the…
Egypt’s GASC buys 240,000 tonnes Russian, Romanian wheat

Egypt’s GASC buys 240,000 tonnes Russian, Romanian wheat

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Thursday it had bought 240,000 tonnes of…
Report: UAE investment in Egypt US$5 bn in first half of 2014

Report: UAE investment in Egypt US$5 bn in first half of 2014

The Egyptian Commercial Representative Office in the UAE announced that the size of UAE investments in Egypt amounted to US$5…
Fuel smart cards available across the country Friday

Fuel smart cards available across the country Friday

Fuel smart cards will be available for car owners across the republic starting Friday, the Finance Ministry said Thursday, noting…
Egypt’s market loses LE2.5 billion on Thursday, EGX30 down 0.6%

Egypt’s market loses LE2.5 billion on Thursday, EGX30 down 0.6%

Egypt's market closed on Thursday in the red zone for the third session in a row, as the benchmark EGX30…
Egyptian pound steady at official auction, on black market

Egyptian pound steady at official auction, on black market

 Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Thursday, while…
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