News
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Green light for Egypt budget that projects 9.9pc deficit
The projected deficit of 281bn Egyptian pounds compares to 240bn that was approved in the 2014/2015 fiscal year budget.
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Egypt earmarks $8 billion for fuel subsidies
The cabinet on Thursday approved a draft of the budget for the next fiscal year but didn't announce the amount allocated to fuel products subsidies.
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Motivational industrial strategy to advance public business sector: Investment Minister
The strategy includes professional ideas that achieve economic gains for the state by utilizing the company's potentials.
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Asian cars take lead in Egypt’s used car market
popularity is due to comparatively cheap prices, easy maintenance and available spare parts.
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Egypt's electricity subsidies reach LE24.6 bn in FY2014/15
The current fiscal year saw the implementation of the first stage of a five-year plan to lower electricity subsidies by 67 percent to LE9 billion.
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Government raises allocations of low-income housing by 19%: Finance Minister
Ministry of Housing plans to allocate 20% of the loan to fund housing unit rents.
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Egypt reduces petroleum products subsidies to EGP 61bn during FY 2015/16: El Molla
Expected decline in fuel consumption is 5% during new fiscal year, says EGPC executive chairman.
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Egypt's SODIC says accepts resignation of managing director
SODIC is targeting sales of 4bn EGP ($524 million) this year, up from 3 billion in 2014. The company targets upper middle income consumers.
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UAE’s Emaar to float in Egypt’s stock market at 3.8 pounds per share
The company is due to list and trade on the Egyptian stock market on July 2, but the date is subject to change.
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Bobruisk-based tractor factory designing tractor model for Egypt
The tractor for Egypt will be a simplified model of the Belarus 320 tractor.
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Egypt draft 2015/2016 budget projects 9.9 pct deficit, 5 pct growth
The draft budget projects 49% of total public expenditure on social programs and a 12% increase on the current fiscal year.
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Noble Group to supply Egypt with LNG cargo June 18
Noble Group won a closed tender launched two weeks ago.
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UK invites Egypt's Sisi, state media say, day after Mursi ruling
Cairo is seeking foreign investment to rebuild its economy after years of political turmoil.
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Egyptian dairy maker Domty plans to list on Cairo bourse
El Damaty's family owns 70 percent of the company which was founded in 1989, and a Saudi investor owns the rest.
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Egypt to increase cash subsidy programs in new budget: Minister
The new budget for FY 2015/2016 has not yet been announced.
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French companies interested in Egypt, undeterred by attacks: Business delegation
The head of the French delegation expressed faith in President Abdel-Fattah El-Sisi for having a his 'leadership and clear direction'.
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15% increase in customer service agents this year: Vodafone Egypt
Line sales increased by 23% due to services for deaf customers.
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Valeant Said in Advanced Talks to Buy Egypt Drugmaker Amoun
The investors bought Amoun for about $450 million in 2006.
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Lebanon's Bank Audi aims to double Egypt earnings by 2017
Audi plans to add 20 branches in Egypt over the coming three years, building on its existing 34, which employ 1,137 staff.
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Egypt: Italy provides environmental-social textile training
Filmar-Alexbank initiative Cottonforlife underway.