Business
Egypt’s foreign reserve down by US$700 mn in December
January 6, 2014
Egypt’s foreign reserve down by US$700 mn in December
Egypt’s reserve of foreign currency dropped by nearly US$700 million in December, a high-profile source at the banking sector revealed. That…
Official: Size of second stimulus to be determined
January 6, 2014
Official: Size of second stimulus to be determined
Momtaz al-Saeed, a member of the National Investment Bank, affirmed that the value of the second stimulus package has yet…
Egyptian-Qatari Business Council works on reducing political tension
January 5, 2014
Egyptian-Qatari Business Council works on reducing political tension
Moharam Hilal, a member of the Egyptian-Qatari Business Council, said the council is is working on reducing political tension between…
Industrialists mobilize to vote for the Constitution
January 5, 2014
Industrialists mobilize to vote for the Constitution
Walid Helal, chairman of the Export Council for Chemicals, said Egyptian industrialists support the constitution because it fulfills their aspirations…
Deficit in balance of trade down by 72% in September
January 5, 2014
Deficit in balance of trade down by 72% in September
The deficit in the September 2013 trade balance declined by 28 percent to reach LE67.12 billion, compared to LE93.18 billion in…
Egyptian stock market expected to rise 40% in 2014
January 5, 2014
Egyptian stock market expected to rise 40% in 2014
Economists and financial experts predict the Egyptian Stock Exchange will perform better in the year 2014, possibly making gains of…
850,000 drivers signed up for fuel smart cards
January 2, 2014
850,000 drivers signed up for fuel smart cards
Yasser Ezz, project manager at the company that is printing the fuel cards, said that 850,000 cars out of six…
Electricity prices may go up for heavy consumers in attempt to deal with crisis
January 2, 2014
Electricity prices may go up for heavy consumers in attempt to deal with crisis
Unidentified government sources said that the cabinet is leaning towards adopting an increase in electricity prices for consumers in the…
Mansour approves 8 new petroleum agreements, with US$1.2 billion investment
January 2, 2014
Mansour approves 8 new petroleum agreements, with US$1.2 billion investment
Interim President Adly Mansour issued decrees approving eight new oil agreements to search for oil and gas with investments of…
QNB buys Societe Generale stake in NSGB Life Insurance
January 2, 2014
QNB buys Societe Generale stake in NSGB Life Insurance
The Qatar National Bank (QNB) has bought the stake of National Societe Generale in NSGB Life Insurance for US$8.3 million,…