Business

Stock market earns LE5 bn

Stock market earns LE5 bn

Stock indices experienced a record rise on Sunday, apparently amid strong confidence in the country’s future.
Production of 700 medicines suspended due to losses

Production of 700 medicines suspended due to losses

Awad Gabr, chairman of the Export Council of Medical Industries warned Sunday of shortage in a large number of medicines…
Cabinet to buy 55,000 tons of wheat from US

Cabinet to buy 55,000 tons of wheat from US

Supply Commodities Authority contracted the Ministry of Supply and Internal Trade to buy 55,000 tons of US wheat for the…
UAE plans more charge-free butane shipments to Egypt

UAE plans more charge-free butane shipments to Egypt

The United Arab Emirates plans to send two new charge-free butane gas shipments in the next few days to Egypt…
EgyptAir losses drop in 2012-2013

EgyptAir losses drop in 2012-2013

EgyptAir has seen fewer losses during the period 2012-2013, according to a government statement. “The company and subsidiaries recorded losses worth…
Finance Ministry: Cabinet borrows LE17.5 billion from banks this week

Finance Ministry: Cabinet borrows LE17.5 billion from banks this week

The Ministry of Finance said that the Cabinet borrowed LE17.5 billion from banks this week through bonds and treasury bills.According…
Custom duties on cars hit US$1 million in 11 months

Custom duties on cars hit US$1 million in 11 months

The Customs Department announced on Wednesday that 104,800 cars have been imported from January to November of last year, with…
HSBC: Egypt may see economic progress in 2014

HSBC: Egypt may see economic progress in 2014

Egypt is seeing encouraging signs, showing promise of economic progress in 2014, after losing ground over the past three years, according…
Firms submit RFPs for Suez Canal development project

Firms submit RFPs for Suez Canal development project

On Wednesday, fourteen local and foreign consulting firms will begin submitting request for proposals for the Suez Canal axis development…
Stock market loses LE2 bn

Stock market loses LE2 bn

The main EGX30 index of the stock exchange fell 0.76 percent on Monday to close at 6,801.33 points. The small and…
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