Business
Egypt officially becomes gas-importing country to meet demand
December 19, 2012
Egypt officially becomes gas-importing country to meet demand
Egypt has announced that it has changed from a gas-exporting to a gas importing country based on a decision issued…
Cabinet approves Islamic bonds law in principle
December 19, 2012
Cabinet approves Islamic bonds law in principle
The Cabinet during its meeting Wednesday approved in principle a draft law on sovereign Islamic bonds and decided it would…
Stock market rises on foreign investments
December 19, 2012
Stock market rises on foreign investments
The Egyptian Stock Exchange rose in early trading on Wednesday, driven by purchases of Arab and foreign investors and amid…
Tourism losing US$267 mln weekly since 25 January uprising, study shows
December 19, 2012
Tourism losing US$267 mln weekly since 25 January uprising, study shows
The tourism sector has been losing US$267 million a week since the breakout of the 25 January revolution, a study…
South Korea eyes multi-million dollar investments in Egypt
December 18, 2012
South Korea eyes multi-million dollar investments in Egypt
South Korea plans to invest US$583 million in Egypt, South Korean ambassador Young-so Kim said on Tuesday, adding that the…
Govt project aims to make wheat, corn, oil production self-sufficient
December 16, 2012
Govt project aims to make wheat, corn, oil production self-sufficient
Prime Minister Hesham Qandil has tasked the agriculture, irrigation, electricity and investment ministries to begin implementing a project the government…
Authorities allow massive gold export after week-long delay
December 16, 2012
Authorities allow massive gold export after week-long delay
Customs authorities on Sunday allowed an export shipment of 1,600 kilograms of gold extracted from the Sukari Gold Mine to…
Petroleum minister: Sukari gold mine problem resolved
December 13, 2012
Petroleum minister: Sukari gold mine problem resolved
Petroleum Minister Osama Kamal has said that the dispute between the Egyptian General Petroleum Corporation and Centamin, the company that…
Suez Canal revenues down; railway revenues increase
December 13, 2012
Suez Canal revenues down; railway revenues increase
Suez Canal revenues fell by 1.1 percent during October to reach US$443 million, while railway revenues increased between January and…
Company exploiting Sukari Gold Mine halts work, citing government demand
December 13, 2012
Company exploiting Sukari Gold Mine halts work, citing government demand
An official from the Sukari Gold Mine said on Thursday that work has stopped due to a diesel shortage. The…