Business
Contractors blame Petroleum Ministry for fuel shortages, project delays
March 28, 2013
Contractors blame Petroleum Ministry for fuel shortages, project delays
The Contractors Union has demanded the Petroleum Ministry allocate a share of diesel to contractors to ensure that they are…
Libya mulls aid for Egypt
March 27, 2013
Libya mulls aid for Egypt
Libya is considering extending financial aid to Egypt to help its North African neighbor overcome a severe economic crisis, Libyan…
Egypt to import Libya oil, pay down energy debt
March 27, 2013
Egypt to import Libya oil, pay down energy debt
Egypt will import 900,000 barrels of oil a month from Libya starting in April and is paying off some of…
Rise in factory closures reflects Egypt’s compound economic malaises
March 26, 2013
Rise in factory closures reflects Egypt’s compound economic malaises
Time and time again, officials have accused ongoing protests, workers’ strikes and labor action of halting the so-called wheel of…
Cement price surge puts a damper on construction materials sector
March 26, 2013
Cement price surge puts a damper on construction materials sector
As inflation and energy shortages strike Egypt’s economy, construction materials producers are feeling the crunch. The cement industry, in particular,…
For Egypt and Iraq, economic cooperation overshadows political talk
March 25, 2013
For Egypt and Iraq, economic cooperation overshadows political talk
Prime Minister Hesham Qandil’s recent visit to Iraq may mark the beginning of a new era in a history of…
Stock market rises after news about Orascom settlement
March 24, 2013
Stock market rises after news about Orascom settlement
Heavyweight Orascom Construction Industries gained 2.6 percent after a choppy session on unconfirmed news reports it would soon resolve a…