Business
Fact Box: Experts weigh in on oil prices after Chavez death
March 6, 2013
Fact Box: Experts weigh in on oil prices after Chavez death
Venezuelan President Hugo Chavez died on Tuesday after 14 years in power, during which he remodeled the OPEC country's oil…
Tax authority to meet OCI over tax dispute worth LE14 million Sunday
March 6, 2013
Tax authority to meet OCI over tax dispute worth LE14 million Sunday
Orascom Construction Industries said Wednesday that it will sit down with the Egyptian Tax Authority on 10 March to discuss…
Shura Council approves draft law cancelling Egypt-Cyprus economic zone
March 6, 2013
Shura Council approves draft law cancelling Egypt-Cyprus economic zone
The Shura Council's legislative committee approved a draft law submitted Wednesday cancelling current maritime borders of an economic zone between…
Iraq set to pay US$60 million to Egyptian workers
March 6, 2013
Iraq set to pay US$60 million to Egyptian workers
Iraq has approved the settlement of unpaid pension funds worth US$60 million for Egyptians who had worked in Iraq, according…
Fact box: Egypt boasted 5.85 million vehicles in 2010
March 6, 2013
Fact box: Egypt boasted 5.85 million vehicles in 2010
A new study issued by the state-run Central Agency for Public Mobilization and Statistics said the country’s total number of…
Financial Authority head: Certificates with sukuk bonds could prevent money laundering
March 5, 2013
Financial Authority head: Certificates with sukuk bonds could prevent money laundering
Ashraf al-Sharqawy, head of the Financial Supervisory Authority, has requested that personal certificates be issued for Islamic sukuk bonds in…
Market falters for second day, loses LE5.2 billion
March 5, 2013
Market falters for second day, loses LE5.2 billion
The main index of the Egyptian stock market fell 2.49 percent Tuesday, the second consecutive day of heavy losses for…
Mobile phone sales tax to rise 5%
March 5, 2013
Mobile phone sales tax to rise 5%
The sales tax on mobile phone use is set to jump to 20 percent up from 15 percent, according to…
Fact box: Almost 500,000 lost their jobs in 2011
March 5, 2013
Fact box: Almost 500,000 lost their jobs in 2011
In March, the Central Agency for Public Mobilization and Statistics published a new book that revealed 483,000 Egyptians had lost…
Qandil expects IMF loan approval soon
March 5, 2013
Qandil expects IMF loan approval soon
The Cabinet issued an official invitation to the International Monetary Fund delegation to resume talks over a US$4.8 billion, according…