Latest Business News
‘No shame’ in Egypt using Israeli gas through British oil Company, after state’s approval: Petroleum minister
Egyptian government struggles to contain discontent of BG Group, which had to…
Al-Sisi imposes additional 50% tax on cigarettes, 200% on beer
The tax on other alcoholic beverages, such as wine and spirits manufactured…
Planning ministry targets 14% investment growth, 3.2% economic growth for FY 2014/2015
Government seeks to increase investments to EGP 336.9bn, increase imports by 3.8%…
Egypt to allow foreign companies to provide mortgage finance
In an effort to expand low-income housing
Sawiris-Beltone deal only succeeds in purchasing 9% of EFG Hermes, falling short of 20% target
54.4m shares purchased represent less than 9% of total Hermes shares
No price rise in telecommunications: Telecom companies
Vodafone and Mobinil deny 10% increase in telephone calls’ prices
Egypt paid $700m to Paris Club on 4 July: Ramez
Governor of the Central Bank of Egypt Hisham Ramez told Reuters on…
Al-Sisi’s economic orientation in his first month, and its influence
Measures to boost economy include reforming taxes and wages, adjusting prices and…
Iron producers demand customs duties, protection fees on imported steel following energy price increases
The government had recently increased natural gas prices by $3 for the…
Fuel consumption rates stabilise in domestic market after implementation of price increases
This follows a surprise increase in consumption took place on Friday following…
