Business
Egypt’s Mobinil says customer boycott subsides
October 16, 2011
Egypt’s Mobinil says customer boycott subsides
The number of subscribers cancelling their Mobinil subscriptions has tumbled from a peak earlier this year when some customers took…
Unit of Egypt’s OCI wins a US$578 million mall contract
October 16, 2011
Unit of Egypt’s OCI wins a US$578 million mall contract
A unit of Egypt's Orascom Construction won the main US$578 million construction contract to build a mall in the capital…
For social justice, government must reform fuel subsidies
October 16, 2011
For social justice, government must reform fuel subsidies
If Egypt is to achieve social justice and an efficient economy, the government must strengthen its regulatory capacity, remove subsidies…
Finance Ministry allocates LE11 billion for govt to buy local wheat
October 14, 2011
Finance Ministry allocates LE11 billion for govt to buy local wheat
The Finance Ministry has allocated more than 11LE billion for other government ministries to buy wheat from farmers this fiscal…
Switzerland promises to expedite return of frozen funds
October 13, 2011
Switzerland promises to expedite return of frozen funds
The Swiss authorities have promised to expedite procedures for returning some SF770 million in frozen funds to Egypt, Tunisia and…
Cairo hotel occupancy down 11%
October 11, 2011
Cairo hotel occupancy down 11%
Cairo hotels occupancy dropped by 11 percent, affected by the violence at Maspero on Sunday, said Osama al-Ashry, undersecretary of…
Minister: Egypt’s foreign debts within safe limits
October 11, 2011
Minister: Egypt’s foreign debts within safe limits
Egypt's foreign debts remain within the safe limits of International Monetary Fund (IMF) and World Bank standards, Planning and International…
Gas export company to file complaints against Egypt over supply halt
October 11, 2011
Gas export company to file complaints against Egypt over supply halt
The company in charge of exporting Egyptian natural gas to Israel will submit complaints for international arbitration against the Egyptian…
Egypt receives first shipment of Russian wheat since 2009
October 9, 2011
Egypt receives first shipment of Russian wheat since 2009
Egypt on Sunday received a shipment of Russian wheat, the first since 2009, following Egypt’s decision to ban the import…
Government mulls establishment of steel factory with Gulf partners
October 9, 2011
Government mulls establishment of steel factory with Gulf partners
Egypt's Holding Company for Metallurgical Industries is in negotiations with group of Gulf investors to establish a steel factory, with…