Business

CBE: Foreign investment falls on year

CBE: Foreign investment falls on year

Total foreign investment in Egypt in the first quarter of the 2009/2010 fiscal year fell to US$1.7 billion compared to…
CAPMAS: Inflation up 13.6% in January

CAPMAS: Inflation up 13.6% in January

In a statement Wednesday, Abu Bakr el-Guindi, president of the state-run Central Agency for Public Mobilization and Statistics (CAPMAS), noted…
Israeli paper: Higher prices for Egyptian gas exports to Israel

Israeli paper: Higher prices for Egyptian gas exports to Israel

The Israeli economic newspaper Calcalist reported that an agreement changing the price of Egyptian natural gas exports to the Israel…
CAPMAS: Exports decline as imports rise

CAPMAS: Exports decline as imports rise

A recently-released report by the Central Agency for Public Mobilization and Statistics (CAPMAS) noted that Egyptian fertilizer and furniture exports…
Stock market sees slight decline Tuesday

Stock market sees slight decline Tuesday

The Egyptian stock exchange witnessed a slight decline Tuesday due to a bout of profit-taking among Egyptian investors. The decline…
Minister: Tourism revenues resilient in 2009

Minister: Tourism revenues resilient in 2009

Egypt's tourism earnings, a key source of foreign exchange, dipped just 2.1 percent last year thanks to an upswing in…
Egypt aims to start cement bid process by mid-2010

Egypt aims to start cement bid process by mid-2010

Egypt is targeting to start an international bidding process to grant cement licences by the middle of this year, the…
Govt mulls abolition of fertilizer subsidies

Govt mulls abolition of fertilizer subsidies

The government is considering the abolition of subsidies on fertilizers sold to farmers in an effort to fill the gap…
Extra fees on steel imports ruled out by ministry

Extra fees on steel imports ruled out by ministry

An official source at the Trade and Industry Ministry has ruled out the possibility of levying additional fees on imported…
Ministry calls for new distribution system for butane

Ministry calls for new distribution system for butane

The Social Solidarity Ministry has issued recommendations for a new system for the distribution of butane gas cylinders aimed at…
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