Business
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…
Seven new oil agreements with U$1.2 billion investments
December 23, 2013
Seven new oil agreements with U$1.2 billion investments
The Cabinet approved seven new oil agreements to explore for oil and gas.
95 permits for hotels New Year’s parties
December 22, 2013
95 permits for hotels New Year’s parties
Egyptian hotels have acquired 95 permits to hold New Year's parties, according to Tourism Undersecretary Osama al-Ashry. Permits are valid until…
Stock market records slight losses Sunday
December 22, 2013
Stock market records slight losses Sunday
Egyptian stock indexes recorded a slight decline by the end of Sunday's session. Observers attribute this to the financial positions…
Statistics agency: Egyptian exports of cotton declines by 38.3%
December 22, 2013
Statistics agency: Egyptian exports of cotton declines by 38.3%
The Central Agency for Public Mobilization and Statistics announced that Egypt's cotton exports declined during the fourth quarter of the…
Minister: Egypt’s stock of wheat covers 7 months
December 22, 2013
Minister: Egypt’s stock of wheat covers 7 months
Mohamed Abu Shady, Minister of Supply and Internal Trade, said Egypt’s stock of wheat is enough until 7 April 2014,…
Egyptian-Chinese Chamber of Commerce to boost economic cooperation
December 20, 2013
Egyptian-Chinese Chamber of Commerce to boost economic cooperation
The Egyptian-Chinese Chamber of Commerce held its first meeting on Wednesday evening to boost bilateral trade and investments. At the first…
Saudi proposal to protect foreign investments
December 20, 2013
Saudi proposal to protect foreign investments
Abdullah Bin Mahfouz, president of the Saudi-Egyptian Business Council, said that a senior Saudi delegation proposed a law to the…
‘Buy Egyptian’ exhibit open for 10 days
December 19, 2013
‘Buy Egyptian’ exhibit open for 10 days
The ‘Buy Egyptian’ exhibition started on Thursday in Nasr City and will last until 28 Dec. Organizers said they hope the…
Business organizations say LE30 billion not enough to stimulate economy
December 19, 2013
Business organizations say LE30 billion not enough to stimulate economy
Egyptian business experts, investors and organizations argue that the government must increase the proposed stimulus package for it to make…