Business

SCAF-amended investment law used to reconcile Shebin El Kom

SCAF-amended investment law used to reconcile Shebin El Kom

A controversial law on investment pushed through by the ruling military council in January is being used to reconcile a…
Finance minister expects to get IMF loan by end-June

Finance minister expects to get IMF loan by end-June

Egypt's government expects to seal a loan from the International Monetary Fund by 15 May, allowing the money to be…
France Telecom finalizes terms of Mobinil buyout

France Telecom finalizes terms of Mobinil buyout

PARIS/CAIRO — France Telecom has finalized a deal to buy most of its partner's stake in Egyptian mobile operator Mobinil…
IMF loan stalled by FJP and government politicking

IMF loan stalled by FJP and government politicking

Amid the commotion surrounding Egypt's presidential elections and the drafting of a new constitution, the Muslim Brotherhood has taken its…
New mobile rules would only affect new entrants, official says

New mobile rules would only affect new entrants, official says

Proposed amendments to an Egyptian law requiring mobile telecom operators to give a percentage of their shares to citizens would…
International arbitration orders sale of businessman’s property to banks

International arbitration orders sale of businessman’s property to banks

Cairo’s international arbitration center ruled in favor of two banks against well-known businessman Ahmed Bahgat over the sale of a…
10,000 tons of wheat arrive in Alexandria from Ukraine

10,000 tons of wheat arrive in Alexandria from Ukraine

Around 10,000 tons of wheat arrived in Alexandria Tuesday from Ukraine aboard a Tanzanian ship. Major General Al-Sayed Hamed Hedaya,…
Urban inflation dips to 9% in year to March

Urban inflation dips to 9% in year to March

The urban consumer inflation was 9 percent in the 12 months to March, down from 9.2 percent in February, figures…
Ezz Steel 2011 net profit falls 20%

Ezz Steel 2011 net profit falls 20%

Egypt's largest steel producer, Ezz Steel, said on Tuesday its 2011 net profit declined 20 percent from a year earlier.…
Finance minister: Tax proceeds rise by 10%

Finance minister: Tax proceeds rise by 10%

Tax proceeds totaled LE115.4 billion from July 2011 to March 2012, Finance Minister Momtaz al-Saeed has said, adding that the…
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