Latest Economy News
Minister of Telecommunications: Automatic Vehicle Location will improve security
Minister Atef Helmy reviewed plans to implement an Automatic Vehicle Location system…
Actis invests $102m to acquire 30% of Egypt’s Edita Food Industries
Global firm expresses optimism towards snack food market, citing young and growing…
Subsidies budget cut by 11.7% year on year in 3Q 2012/2013: minister of planning
Subsidies for petroleum products totaled 62% of all subsidies for the third…
Finance minister proposes raising energy subsidies for 2013/2014 budget
Once the card owner depletes their allotment of the subsidized fuel, they…
Supply minister announces 15% cut in foodstuff prices during Ramadan
Attempt at price controls comes in the face of already high inflation…
NBE approves $1bn loan to Egyptian General Petroleum Corporation
EGPC has to obtain a guarantee from the Ministry of Finance.
Egypt’s shift to large fuel suppliers “normal”, experts say
Egypt forced to change fuel suppliers as debt compiles
Egypt negotiating $500m loan with Saudi Arabia
Darrag told Reuters that, “the loan will come as part of a…
Investment minister: Problems faced by Arab investors in Egypt ‘end Sunday’
Yehia Hamed sits down with Saudi investors to discuss resolution of longstanding…