Business

Damietta harbor losing LE35 million daily since closure, says govt

Damietta harbor losing LE35 million daily since closure, says govt

Damietta harbor is losing LE35 million per day since protests forced it to close Friday, Transportation Minister Ali Zine al-Abidine…
Egypt gets budget help from Arab Monetary Fund

Egypt gets budget help from Arab Monetary Fund

Egypt will receive US$200 million to support its budget from the Abu Dhabi-based Arab Monetary Fund (AMF) this month and…
Gas summit starts with call for fair price

Gas summit starts with call for fair price

Leaders of the world's biggest gas suppliers opened their first summit in the Qatari capital on Tuesday by calling for…
Government to build fuel factory instead of sugar factory

Government to build fuel factory instead of sugar factory

The Food Industries Holding Company (FIHC) has decided to build an airplane fuel factory rather than a previously planned sugar…
Egypt chooses high-profile counsel in gas deal arbitration

Egypt chooses high-profile counsel in gas deal arbitration

Nearly a month after the Egyptian government entered arbitration proceedings with investors who own the Egypt-to-Israel gas pipeline, the case…
Suez Canal October revenue up US$447.9 million

Suez Canal October revenue up US$447.9 million

Revenue from Egypt's Suez Canal rose 4.8 percent from a year earlier to US$447.9 million in October, up 2.2 percent…
Egypt’s Egas plans gas bids round early 2012

Egypt’s Egas plans gas bids round early 2012

DOHA - Egypt's state-owned gas company Egas plans to hold a bidding round for natural gas exploration early next year,…
Methanex says to shut down Egypt plant

Methanex says to shut down Egypt plant

Canada's Methanex Corp, the world's largest methanol supplier, said it will shut down its plant in Egypt due to political…
Telecom Egypt Q3 net profit drops 21 pct

Telecom Egypt Q3 net profit drops 21 pct

Land-line monopoly Telecom Egypt posted a 21 percent drop in third-quarter net profit on Monday as it continues to suffer…
Egypt T-bill yields rise as banks feel pinch

Egypt T-bill yields rise as banks feel pinch

Egyptian treasury bill yields jumped by around 40 basis points at an auction on Sunday, in further sign that the…
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