Business
Metallurgical Industries Chamber renews calls to halt Turkish steel importing
January 2, 2014
Metallurgical Industries Chamber renews calls to halt Turkish steel importing
Chamber of Metallurgical Industries renewed calls on Trade and Industry Ministry to take measures to cap importing of Turkish steel,…
Banking officials: Government still faces foreign cash reserve drop
January 1, 2014
Banking officials: Government still faces foreign cash reserve drop
Banking officials said the foreign cash reserve in Egypt might decline in 2014 and thereby place more pressure on the…
Shares gain LE1.8 billion
December 30, 2013
Shares gain LE1.8 billion
Stock market indices slightly increased by the end of Monday's trading session, driven by purchases of Arab investors rather than…
Hotel occupancy down 6.18%
December 30, 2013
Hotel occupancy down 6.18%
A study by the Central Agency for Public Mobilization and Statistics published Monday revealed a 6.18 percent drop in hotel…
Hurghada Airport receives 25,200 tourists in 2 days
December 29, 2013
Hurghada Airport receives 25,200 tourists in 2 days
Hurghada International Airport received 25,200 European tourists on 140 flights during the past 48 hours, as well as 3,600 Egyptian…
Stock market closes with losses on Thursday
December 26, 2013
Stock market closes with losses on Thursday
The Egyptian stock market indices fell on Thursday, affected by the ongoing political unrest and profit-taking. The market capitalization lost more…
Railway revenues down by 34%
December 25, 2013
Railway revenues down by 34%
The Cabinet’s Information and Decision Support Center announced on Wednesday a decline in revenues for Egypt's railway system by 34.2…
Stock market earns LE3.4 bn on Wednesday
December 25, 2013
Stock market earns LE3.4 bn on Wednesday
Stock indices ended Wednesday’s trading session with a rise amid optimism for the new year. Traders said the market in 2014…
US$9 bn in new UAE and Saudi aid
December 25, 2013
US$9 bn in new UAE and Saudi aid
A senior finance ministry official has told the Turkish Anadolu news that Egypt is receiving a new aid package of…
Polish oil company gives up on search for oil in Egypt’s Western Desert
December 25, 2013
Polish oil company gives up on search for oil in Egypt’s Western Desert
A prominent source at the Egyptian General Petroleum Authority said that Polish Oil and Gas Company will stop its exploration…