Business
Diesel supplies raised to face crisis, says supply ministry spokesperson
March 11, 2013
Diesel supplies raised to face crisis, says supply ministry spokesperson
The Supply and Petroleum Ministries have agreed to raise the daily amount of diesel delivered to the market from 32,000…
Government source says Orascom dispute to end soon, company denies wrongdoing
March 10, 2013
Government source says Orascom dispute to end soon, company denies wrongdoing
The Tax Authority is about to reach a tentative reconciliation with Orascom Construction Industries to end a dispute over the company’s tax…
Minister: Egypt does not need IMF bridging funding
March 10, 2013
Minister: Egypt does not need IMF bridging funding
Egypt does not need bridging financing as offered by the International Monetary Fund to some countries, but rather broad structural…
Inflation hits highest levels in more than two years
March 10, 2013
Inflation hits highest levels in more than two years
The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced that the annual inflation rate increased during February by…
Website: Egypt may consider urgent IMF loan
March 8, 2013
Website: Egypt may consider urgent IMF loan
A senior Finance Ministry official has reportedly said the government may consider next week an International Monetary Fund offer to…
Stocks recover some of week’s losses
March 7, 2013
Stocks recover some of week’s losses
The main index of the Egyptian stock exchange rose 1.95 percentage points Thursday, continuing to recovering from significant losses sustained…
Sources claim IMF unhappy with reform program
March 7, 2013
Sources claim IMF unhappy with reform program
An unnamed government official said Thursday that the International Monetary Fund is not satisfied with Egypt’s amended economic and social…
Barcelona shows off the future of mobile technology
March 7, 2013
Barcelona shows off the future of mobile technology
BARCELONA — The HTC One made a splash at this year’s Mobile World Congress, walking away with the coveted best…
Egypt companies scope out possibilities at the Mobile World Congress
March 7, 2013
Egypt companies scope out possibilities at the Mobile World Congress
At this year’s Mobile World Congress, 17 companies from Egypt were present, with a focus on branding the country as…
Downtown hotel occupancy drops to 14 percent
March 6, 2013
Downtown hotel occupancy drops to 14 percent
Sources at the Federation of Tourism Chambers have said that the attack on hotels in downtown Cairo, mostly notably the…