Monday 26 September 2016
 
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Egypt

Egypt petrol subsidy bill down 29pc in 2015-2016

Egypt's spending on petroleum subsidies dropped by 28.7 per cent in the 2015-16 financial year to compared to one year earlier, Petroleum Minister Tarek El Molla said on Sunday, a greater decline than previously announced. Egy

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Egypt's three mobile operators reject 4G licences

Egypt's three existing mobile phone operators have declined to buy its fourth-generation licences, two Egyptian telecoms officials told Reuters on Thursday. The companies, Vodafone, Orange and Etisalat, did not respond to repe

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Migrant boat carrying 600 capsizes off Egypt, 29 killed

A boat carrying around 600 people capsized off Egypt's coast, killing at least 29, officials said on Wednesday, in the latest disaster to befall migrants attempting to make the crossing to Europe. The boat sank in the Mediterr

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Egypt's current account deficit rises to $18.7bn

Egypt's current account deficit rose to $18.7 billion for the 2015-16 fiscal year that ended in June, from $12.1 billion last year, central bank data showed. Egypt's economy is struggling to recover after a mass uprising i

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Devaluation 'can boost Egyptian exports by 10pc'

Egyptian exports would rise by 10 percent if and when authorities devalue the pound, Trade and Industry Minister Tarek Kabil said on Tuesday. Pressure has been mounting on the central bank to devalue the currency as Egypt struggle

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Devaluation 'can boost Egyptian exports by 10pc'

Egyptian exports would rise by 10 percent if and when authorities devalue the pound, Trade and Industry Minister Tarek Kabil said on Tuesday. Pressure has been mounting on the central bank to devalue the currency as Egypt struggle

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Egypt discounter market to see big growth

The discounter segment in Egypt is growing rapidly as the industry steadily shifts away from traditional retail towards modern trade and will see up to 47 per cent annual growth in the coming three years, a report said. Largely re

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Egypt to spend $37.6m on Red Sea projects

Egyptian government has earmarked E£330 million ($37.6 million) for the redevelopment of slums in the Red Sea cities, said a report. The development scheme will include Ras Gharib, Hurghada, Safaga, and Al-Qusayr cities, rep

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Egypt sacks heads of silos company

Egypt's new supply minister has sacked the chairman of the Egyptian Holding Company for Silos and Storage and the head of the country's internal trade development agency, the official Mena news agency said on Sunday. The m

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Egypt sacks heads of silos company

Egypt's new supply minister has sacked the chairman of the Egyptian Holding Company for Silos and Storage and the head of the country's internal trade development agency, the official Mena news agency said on Sunday. The m

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