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Railway Authority to spend LE 40 billion on extending lines

An official at the Egyptian Railway Authority (ERA) announced the launching of…

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Egypt's foreign reserves rise to 35.1 bln in May

Egypt's net foreign reserves were $35.1 billion in May, up from $34.65…

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TE to keep Vodafone Egypt ownership structure

CAIRO: Telecom Egypt, Egypt's fixed-line monopoly, said on Tuesday it would not…

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Helwan plans waste-generated power plant

Helwan governorate launched an $800 million power generation project to recycle waste…

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Banque Misr eyes stake in tomato paste project

Banque Misr is considering the acquisition of a 20 percent equity stake…

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Broad money supply drops in April

Annual growth in broad money supply M2 dropped to 9.6 percent in…

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Government to start liberalization of butane gas

The Ministry of Social Solidarity will commence distribution of butane gas canisters…

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Amr Talaat named GM of IBM Egypt

Amr Talaat was appointed General Manager of IBM Egypt, succeeding Amr Ghoneim…

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Tenders for wind generation projects by year-end

An international tender for a number of wind-generated electricity plants with a…

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Increased sales tax on products to be expedited

The Ministry of Finance is planning to present to the People’s Assembly…

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