Category Archives: Business & Finance

Egypt will become one of world’s fastest-growing economies – int’l report

Prime Minister Mostafa Madbouli reviewed on Monday a report issued by the Center for International Development (CID) at Harvard University that expected Egypt to become one of the fastest-growing economies in the world.Egypt's economy is forecast to gr...

ASRT chief: EGP 23.5 bn allocated to fund research, scientific projects

President of the Academy of Scientific Research and Technology Mahmoud Saqr said scientific research has witnessed a notable progress thanks to the support of President Abdel Fattah El Sisi, noting that EGP 23.5 billion has been allocated to fund resea...

Bourse gains EGP 5.3 bn

The Egyptian Exchange (EGX) indexes posted collective gains on Sunday 18/8/2019, backed by purchases of local investors, against sales operations by domestic, Arab and foreign institutions.The market capital gained EGP 5.3 billion to reach EGP 757.8 bi...

Antiquities: Finalizing 85% of restorating Baron palace by Armed forces

The Ministry of Antiquities has finalized 85 percent of restoration work at Baron Empain Palace in Cairo's district of Heliopolis in preparation for its opening within this year at a total cost of EGP 100 million, a ministry official said.

EGP 1.2 bln investments pumped in New Aswan city since 2014: minister

The volume of investments injected into New Aswan city amounted to EGP 1.2 billion during the period from 2014 till now, compared to EGP 750 million before that year, Housing Minister Assem el Gazzar said in a statement Wednesday. Gazzar

Mulla uncovers to turn 50,000 vehicles into gas-powered annually

Petroleum Minister Tareq el Mulla said preparations are underway for implementing an integrated work plan to expand the use of natural gas as vehicle fuel and encourage citizens to turn their cars into bi-fuel vehicles that are capable of running