Business
Egypt to borrow US$550mn for steam power station
August 8, 2011
Egypt to borrow US$550mn for steam power station
The Egyptian government on Monday signed an agreement to borrow US$550 million from the African Development Bank to finance the…
Cost of wheat imports nears LE4bn every 3 months
August 8, 2011
Cost of wheat imports nears LE4bn every 3 months
Egyptian banks give credit facilities of about LE3.9 billion every three months to wheat importers, National Bank of Egypt chairman…
Minister: Jordan to agree on new Egyptian gas prices by October
August 8, 2011
Minister: Jordan to agree on new Egyptian gas prices by October
An agreement on prices of Egyptian natural gas exports to Jordan is expected to be signed by October, Jordanian Energy…
Egypt reserves slip, analysts see slowing outflows
August 7, 2011
Egypt reserves slip, analysts see slowing outflows
Egypt's net foreign reserves slipped to US$25.71 billion in July but economists said there was a slowdown in the rate…
Finance minister: No more privatization or nationalization
August 7, 2011
Finance minister: No more privatization or nationalization
The government will no longer privatize government-owned companies or nationalize private ones, said Finance Minister Hazem al-Beblawy in a press…
Tourism minister: Tourism nearing pre-revolution rates
August 6, 2011
Tourism minister: Tourism nearing pre-revolution rates
Tourism in Egypt was down 19 percent in the last three weeks of July compared to the same period last…
Turkey, Egypt top buyers of Russian grain in July
August 5, 2011
Turkey, Egypt top buyers of Russian grain in July
MOSCOW--Turkey and Egypt, the top two buyers of Russian grain for the past five years, bought the most grain from…
Departure of Mubarak raises hopes of tourism boom in Sharm el-Sheikh
August 4, 2011
Departure of Mubarak raises hopes of tourism boom in Sharm el-Sheikh
Tourism officials are expecting a rise in tourist numbers in Sharm el-Sheikh following the departure of former President Hosni Mubarak…
New investors force cement companies to reduce prices
August 4, 2011
New investors force cement companies to reduce prices
New investors in the cement business, especially Arish Cement, which is owned by the Egyptian armed forces, have forced several…
Lecico says strikes end at its Egypt factories
August 4, 2011
Lecico says strikes end at its Egypt factories
Egyptian ceramics maker Lecico said on Thursday the workers' strike at its Khorshid plants in Alexandria, which had caused a…