Business

Centamin hopes to resolve Egypt mine case in 2013

Centamin hopes to resolve Egypt mine case in 2013

Centamin said it hoped to resolve a court case hanging over its Sukari gold mine in Egypt during 2013, offering…
Salafis to back Sharia-friendly business

Salafis to back Sharia-friendly business

Egypt’s Salafis are branching out into business, bringing their ultraconservative teaching of Islam into the world of modern finance.  …
Suez Canal makes record revenue in two days

Suez Canal makes record revenue in two days

Suez Canal Authority President Mohab Mamish said on Wednesday that the canal made record revenue of US$34.5 million in just…
IMF loan does not mean return of foreign investment, experts say

IMF loan does not mean return of foreign investment, experts say

Egypt's leaders continued negotiations with an IMF delegation for a US$4.8 billion loan this week, sorting out the details of…
Egypt to increase gas exports to Jordan

Egypt to increase gas exports to Jordan

The Petroleum Ministry on Tuesday said it is studying an increase in the gas supplies to Jordan as of mid-November.…
Govt mulls increasing water prices

Govt mulls increasing water prices

The government is considering increasing water prices for homes, industrial and commercial facilities to match the market price, in a…
Update: OCI halts fertilizer plants after gas supply cut

Update: OCI halts fertilizer plants after gas supply cut

Egyptian group Orascom Construction Industries has stopped production at three fertilizer lines after the state gas company cut off supplies…
Egypt expects IMF decision within 10 days from talks

Egypt expects IMF decision within 10 days from talks

The International Monetary Fund will make its final decision on Egypt's request for a US$4.2 million loan within 10 days…
Foreign reserves climb by US$441 mn in October

Foreign reserves climb by US$441 mn in October

The foreign reserves rose by US$441 million in October, the Central Bank of Egypt said on its website Monday. Net…
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