Latest Economy News
Second stage of smartcard programme set for 1 August
The most recent statistics coming from the Egyptian General Petroleum Company show…
Danone reports profit slip, blames tough times in Europe
Reporting that in its home markets France and more broadly Europe conditions…
Libya deal and Gulf aid secure oil for Egypt
Under new agreement Egypt will import up to 1m barrels of crude…
Minister of petroleum pursues foreign investment
Ismail said recent meetings would restore confidence between foreign investors and the…
Political turmoil hits mobile money transfer market
Low rates of usage for the service were the result of political…
Stock exchange profits despite violence
Ninety-three stocks rose in Sunday’s trading, while 31 dropped and 30 others…
Cairo airport officials deny 55% decline in air traffic
DPA’s sources said the canceling companies included Middle East Airlines, Kenya Airways,…
Jump in bank profits in the last six months
The Faisal Islamic Bank of Egypt stated that its profits for the…
GDP grows 2.2% in second quarter of 2013
The second quarter growth was less than the first quarter, which saw…
Jordan to hike power prices, risking public outcry
Sabotage attacks on gas pipelines from Egypt – the energy source for…