Business

Omar Effendi workers threaten to sue PM over court order

Omar Effendi workers threaten to sue PM over court order

Workers of the Omar Effendi department store chain on Wednesday sent Prime Minister Essam Sharaf a request to implement a…
Gas supply company owes Egypt millions, says government source

Gas supply company owes Egypt millions, says government source

Eastern Mediterranean Gas (EMG), the company supplying Israel with natural gas from Egypt, owes the Egyptian Natural Gas Holding Company…
Suez Canal revenue up 11.3% in 2010-2011

Suez Canal revenue up 11.3% in 2010-2011

The revenue from Egypt's Suez Canal soared by 11.3 percent during the fiscal year 2010-2011 as compared to the previous…
Civil aviation losses amount to LE2bn since January uprising

Civil aviation losses amount to LE2bn since January uprising

Civil Aviation Minister Lotfy Kamal said on Monday that initial estimates indicate that the ministry has lost LE2 billion since…
PM to discuss frozen remittances with Iraqi delegation

PM to discuss frozen remittances with Iraqi delegation

Prime Minister Essam Sharaf will meet with a delegation of the Iraqi Finance Ministry on Tuesday to resolve the problem…
Official: Arab tourists to Egypt dropped in first half of 2011

Official: Arab tourists to Egypt dropped in first half of 2011

The number of Arab tourists who visited Egypt in the first half of 2011 dropped by 15.3 percent compared to…
Credit Agricole Egypt says net profit down 30%

Credit Agricole Egypt says net profit down 30%

Credit Agricole Egypt's net profit for the first six months of 2011 fell 30 percent from a year earlier, the…
IFC to invest, provide loan to Egypt’s OCI

IFC to invest, provide loan to Egypt’s OCI

  The International Finance Corporation (IFC), the World Bank's private-sector lending arm, said on Friday it would make a $50…
Economist: Balance between market and state economy ideal for Egypt

Economist: Balance between market and state economy ideal for Egypt

Nobel Prize winner and economist Joseph Stiglitz believes that an economic model balanced between a market and state economy would…
East Mediterranean Gas asks permission to resume pumping gas to Israel

East Mediterranean Gas asks permission to resume pumping gas to Israel

The East Mediterranean Gas (EMG), the company that exports Egyptian natural gas to Israel, has requested permission to resume pumping…
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