Business
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…
Centamin Egypt plans to redomicile to Jersey
November 11, 2011
Centamin Egypt plans to redomicile to Jersey
Gold producer Centamin Egypt Ltd said it plans to set up a new parent company, to be redomiciled in Jersey,…
Switzerland launches investigation into ‘dictator assets’
November 10, 2011
Switzerland launches investigation into ‘dictator assets’
The Swiss Financial Market Supervisory Authority (FINMA) has announced the start of an investigation into four banks that have what…
Petroleum authority’s financial problems require drastic solutions, says official
November 10, 2011
Petroleum authority’s financial problems require drastic solutions, says official
A newly formed committee will help reform the General Petroleum Authority's financial structure and find drastic solutions for its mounting…
Egypt’s NSGB says Q3 profit strong despite economy
November 9, 2011
Egypt’s NSGB says Q3 profit strong despite economy
National Societe Generale Bank (NSGB) , Egypt's second-biggest private bank by market capitalization, shrugged off domestic economic and political woes…
Berlusconi resignation fails to convince markets
November 9, 2011
Berlusconi resignation fails to convince markets
ROME — Prime Minister Silvio Berlusconi's pledge to resign after implementing economic reforms did nothing on Wednesday to staunch a…
Solidarity Ministry to set 30% profit ceiling on commodity sales
November 8, 2011
Solidarity Ministry to set 30% profit ceiling on commodity sales
Solidarity and Social Justice Minister Gouda Abdel Khaleq said he will begin discussions with the Federation of Egyptian Chambers of…
Banks increase interest rates to attract deposits
November 6, 2011
Banks increase interest rates to attract deposits
Egyptian public and private banks are competing to raise the interest rates of certain services, which some experts consider an…