Business
The performance of the Egyptian economy under Morsy
June 25, 2013
The performance of the Egyptian economy under Morsy
Mohamed Morsy, Egypt's first elected president since the 25 January 2011 uprising, has been in power for 12 months. His…
Cabinet: Lower foodstuff prices during Ramadan
June 19, 2013
Cabinet: Lower foodstuff prices during Ramadan
Cabinet spokesperson Alaa al-Hadidy on Wednesday announced a 15 percent reduction in the prices of certain consumer goods during the…
Government may raise dollar supply before 30 June
June 17, 2013
Government may raise dollar supply before 30 June
The Central Bank of Egypt (CBE) will likely hold an auction to sell dollars to local banks before 30 June,…
Customs revenues hit LE14 billion, says finance minister
June 17, 2013
Customs revenues hit LE14 billion, says finance minister
Finance Minister Fayyad Abdel Moneim said Monday that customs revenues hit LE14.15 billion between July 2012 and May 2013. LE1.019…
Egypt in late stages of verifying IMF reform plan
June 15, 2013
Egypt in late stages of verifying IMF reform plan
Egypt's government is in the late stages of verifying its economic reform programme with the International Monetary Fund (IMF) before…
Suez Canal May revenues up 1% year-on-year
June 13, 2013
Suez Canal May revenues up 1% year-on-year
Revenues from Egypt's Suez Canal rose 1 percent in May from a year earlier to $438.1 million, the State Information…
Cabinet: Wheat reserves hold at 3.915 million tonnes
June 12, 2013
Cabinet: Wheat reserves hold at 3.915 million tonnes
Egypt’s total wheat serves currently amount to 3.915 million tonnes, according to a statement by the Cabinet on Wednesday. The…
MSCI stirs fears about Greece and Egypt
June 12, 2013
MSCI stirs fears about Greece and Egypt
LONDON - MSCI, the most widely used equity index provider, prompted market fears about both Greece and Egypt on Wednesday,…
Wheat supplies to last until December, minister claims
June 11, 2013
Wheat supplies to last until December, minister claims
Supply Minister Bassem Ouda on Monday told Al-Hayat satellite channel that Egypt’s current wheat reserves will cover public demand until…
Qatar to provide Egypt with five shipments of natural gas
June 10, 2013
Qatar to provide Egypt with five shipments of natural gas
The Ministry of Petroleum and Mineral Resources said on Monday that Qatar will help Egypt overcome its fuel shortage by providing five…