Tag: Business

Beltone refuses sale rate offered from Hermes

Curtain draws on Beltone-Sawiris deal to purchase 20% stake in Hermes after…

Mohamed Ayyad

‘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…

Mohamed Ayyad

Al-Sisi imposes additional 50% tax on cigarettes, 200% on beer

The tax on other alcoholic beverages, such as wine and spirits manufactured…

Egypt to allow foreign companies to provide mortgage finance

In an effort to expand low-income housing

Mohamed Ayyad

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

Mohamed Ayyad

Egypt paid $700m to Paris Club on 4 July: Ramez

Governor of the Central Bank of Egypt Hisham Ramez told Reuters on…

Daily News Egypt

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…

Mohamed Adel

Industrial sector requests government protections following energy price increases

The federation said the government must enable industry to withstand the wave…

Abdel Qader Ramadan

100m cubic feet of gas to be added to gas production by the end of July

Production rates will not exceed 4.9bn cubic feet of gas until the…

Mohamed Adel

We aim to raise eFinance revenues by 15% during 2014: e-finance Chairman

Ibrahim Sarhan, Chairman of e-Finance, says revenues will increase by 15% this…