Business
IFC mulls joint infrastructure, energy projects in Egypt
February 25, 2014
IFC mulls joint infrastructure, energy projects in Egypt
Dimitris Tsitsiragos, Vice President of International Finance Corporation (IFC) for Europe, Central Asia and the Middle East and North Africa,…
Moody’s says Egypt’s banking system outlook remains negative
February 25, 2014
Moody’s says Egypt’s banking system outlook remains negative
The outlook for Egypt's banking system is negative, unchanged since 2011, says Moody's Investors Service in a report published today. Moody's…
Petroleum Authority: We inject 40,000 tons of diesel fuel into the market everyday
February 24, 2014
Petroleum Authority: We inject 40,000 tons of diesel fuel into the market everyday
Amr Mostafa, vice president of the General Petroleum Authority, said the quantities of diesel fuel injected into the market everyday…
New report says mobile users in Egypt increased to 99.7 million by end of 2013
February 23, 2014
New report says mobile users in Egypt increased to 99.7 million by end of 2013
Egypt's mobile market gained 3.6 million subscribers and 240,000 internet users, while fixed-line services decreased by 150,000, according to a…
Minister: 108 silos will be constructed for wheat storage
February 20, 2014
Minister: 108 silos will be constructed for wheat storage
Minister of Supply and Internal Trade Mohamed Abu Shady said Thursday that Egypt consumes around 15 million tons of wheat…
BG Group buys Nigerian LNG to replace lost Egyptian output
February 20, 2014
BG Group buys Nigerian LNG to replace lost Egyptian output
BG Group has bought six liquefied natural gas (LNG) cargoes from Italian utility Enel (MDD: ENEL.MDD - news) as it…
Capital market earns LE4.8 bn
February 19, 2014
Capital market earns LE4.8 bn
Stock indices continued to rise in Wednesday’s session and the main index approached 8000 points, supported by the good performance…
Finance Ministry: Egypt to receive $3 bn of Saudi petrol aid
February 18, 2014
Finance Ministry: Egypt to receive $3 bn of Saudi petrol aid
Sami Khallaf, finance ministry adviser and head of the ministry’s public debt unit, said the government will receive in the…
Trade minister: No substitute for energy imports to meet industrial needs
February 17, 2014
Trade minister: No substitute for energy imports to meet industrial needs
Minister of Trade and Industry Mounir Fakhry Abdel Nour said on Monday that the energy problem will prevail this year…
Al Mal GTM holds conference on regulatory reform of non-banking financial services
February 17, 2014
Al Mal GTM holds conference on regulatory reform of non-banking financial services
In cooperation with the Financial Supervisory Authority and the Egyptian Stock Exchange, Al Mal GTM is holding the first conference…