Latest Economy News
Bourse picks up slightly ahead of protests
Benchmark EGX 30 index inches back up after a two-week tumble, hinting…
Shoppers, food outlets stock up on food ahead of 30 June protests
Suppliers push forward their closing sales dates to supermarkets as consumers load…
PM courts investors at Deauville forum
Qandil says country needs stability and political compromise to achieve 3% growth
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