Business
Egypt’s stock market tumbles on new Tahrir clashes
June 29, 2011
Egypt’s stock market tumbles on new Tahrir clashes
The Egyptian stock exchange's benchmark index has tumbled over two percent amid fresh clashes between security forces and protesters in…
Egypt mobile phone April subscriptions up 27 pct
June 29, 2011
Egypt mobile phone April subscriptions up 27 pct
The number of mobile phone subscriptions in Egypt rose to 74.58 million in April, up 27 percent year-on-year, government figures…
Credit Suisse upgrades Telecom Egypt
June 29, 2011
Credit Suisse upgrades Telecom Egypt
Credit Suisse upgraded landline monopoly Telecom Egypt to "outperform" from "neutral," and said it sees strong wireline revenue in 2011…
Egypt rejection of IMF cash may slow recovery
June 28, 2011
Egypt rejection of IMF cash may slow recovery
Egypt's decision to scrap plans to borrow from the International Monetary Fund may slow an economic recovery, delay a solution…
Negotiations start over implementation of Obama’s economic aid package
June 28, 2011
Negotiations start over implementation of Obama’s economic aid package
The Ministry of International Cooperation on Tuesday started negotiations with US officials to implement the decision of US President Barack…
Prices of gas exports to be revised soon, says minister
June 28, 2011
Prices of gas exports to be revised soon, says minister
Petroleum Minister Abdullah Ghorab said on Tuesday that negotiations on raising the prices of Egyptian gas exports in line with…
Agriculture ministry receives 2,600,000 tons of domestically-grown wheat
June 28, 2011
Agriculture ministry receives 2,600,000 tons of domestically-grown wheat
Egypt has received 2,600,000 tons of wheat from Egyptian farmers since the beginning of May, the Ministry of Agriculture said…
Trade between Egypt and US increases 10.4%
June 28, 2011
Trade between Egypt and US increases 10.4%
Trade exchange between Egypt and the United Sates increased by 10.4 percent between January and April, compared to the same…
Local steel manufacturers demand 5% tax on imports
June 27, 2011
Local steel manufacturers demand 5% tax on imports
The Chamber for Mineral Industries has called for a 5 percent tax on imported steel in order to protect local…
National Wages Council warns of austerity measures affecting labor market
June 27, 2011
National Wages Council warns of austerity measures affecting labor market
National Wages Council member Abdel Rahman Kheir said on Monday that the austerity measures currently being considered by the government…