Latest Business News
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…
Balance of payments surges, deficit drops over 9 months: Ministry of Finance
Industrial production, debt, revenues and expenditures all saw increases
Rise in fuel prices will bring in EGP 24bn in additional revenue for EGPC: Chairman
The rise in price of such petroleum products as gasoline, diesel, and…