Business

Investment minister blames economy decline on energy

Investment minister blames economy decline on energy

A flawed system of the generation and distribution of energy was the basic reason behind the deterioration in Egyptian economy…
Egypt’s market gains LE1.04 bn on Wednesday, EGX30 inches up 0.53%

Egypt’s market gains LE1.04 bn on Wednesday, EGX30 inches up 0.53%

Egypt's market main index EGX30 inched up 0.53% on Wednesday's session breaking the resistance level at 9,830 points to record…
Butane gas cylinders shortage crisis to be resolved end of week: Minister

Butane gas cylinders shortage crisis to be resolved end of week: Minister

Domestic Trade and Supply Minister Khaled Hanafy said there has been coordination with Petroleum Ministry over the recent shortage of…
Government decides not to issue new investment law

Government decides not to issue new investment law

Egypt's legislative reform committee, in affiliation with its cabinet, has agreed on suspending the unified investment law, only including amendments…
Gloomy survey opens Davos meeting

Gloomy survey opens Davos meeting

Global business leaders are very downbeat on the potential for economic growth in 2015, a closely watched survey said on…
Total taxes reach LE103 billion: Authority

Total taxes reach LE103 billion: Authority

Total taxes collected since beginning of July reached LE103 billion, without the compromise with the Egyptian General Petroleum Corporation, marking…
Report: Egypt economy to witness significant improvement in 2015

Report: Egypt economy to witness significant improvement in 2015

Oxford Business Group, a global consultancy producing annual economic reports, expressed hope toward signs that heralded a significant improvement of…
Egypt’s market gains LE5.82 bn on Tuesday, EGX30 jumps 2.14%

Egypt’s market gains LE5.82 bn on Tuesday, EGX30 jumps 2.14%

Egypt's market main index EGX30 jumped 2.14 percent on Tuesday's session to 9,804.18 points on a relatively high turnover of…
SEBA: 85% of issues with investors resolved

SEBA: 85% of issues with investors resolved

Secretary General of the Saudi Egyptian Businessmen Association (SEBA) Ahmed Darwish said that around 85 percent of problems of corporates…
Expert criticizes CBE decision to increase dollar exchange rate

Expert criticizes CBE decision to increase dollar exchange rate

Ahmed Shiha, vice president of the Division of Importers, criticized the Central Bank of Egypt's decision to increase the dollar…
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