Business
Government to build fuel factory instead of sugar factory
November 15, 2011
Government to build fuel factory instead of sugar factory
The Food Industries Holding Company (FIHC) has decided to build an airplane fuel factory rather than a previously planned sugar…
Egypt chooses high-profile counsel in gas deal arbitration
November 15, 2011
Egypt chooses high-profile counsel in gas deal arbitration
Nearly a month after the Egyptian government entered arbitration proceedings with investors who own the Egypt-to-Israel gas pipeline, the case…
Suez Canal October revenue up US$447.9 million
November 15, 2011
Suez Canal October revenue up US$447.9 million
Revenue from Egypt's Suez Canal rose 4.8 percent from a year earlier to US$447.9 million in October, up 2.2 percent…
Egypt’s Egas plans gas bids round early 2012
November 14, 2011
Egypt’s Egas plans gas bids round early 2012
DOHA - Egypt's state-owned gas company Egas plans to hold a bidding round for natural gas exploration early next year,…
Methanex says to shut down Egypt plant
November 14, 2011
Methanex says to shut down Egypt plant
Canada's Methanex Corp, the world's largest methanol supplier, said it will shut down its plant in Egypt due to political…
Telecom Egypt Q3 net profit drops 21 pct
November 14, 2011
Telecom Egypt Q3 net profit drops 21 pct
Land-line monopoly Telecom Egypt posted a 21 percent drop in third-quarter net profit on Monday as it continues to suffer…
Egypt T-bill yields rise as banks feel pinch
November 13, 2011
Egypt T-bill yields rise as banks feel pinch
Egyptian treasury bill yields jumped by around 40 basis points at an auction on Sunday, in further sign that the…
Egypt’s Ghabbour Auto says Q3 net climbs 25%
November 13, 2011
Egypt’s Ghabbour Auto says Q3 net climbs 25%
Egypt's Ghabbour Auto (GB) on Sunday said its third-quarter net income rose 25 percent year-over-year to LE89 million (US$14.9 million),…
Egypt notifies gas importing countries of pipeline suspension
November 12, 2011
Egypt notifies gas importing countries of pipeline suspension
The Ministry of Petroleum officially notified the countries importing natural gas from Egypt that gas exports were suspended due to…
Government intends to extend rice export ban, says official
November 11, 2011
Government intends to extend rice export ban, says official
The government intends to continue banning rice exports to meet the needs of the local market, a senior Agriculture Ministry…