Business
SCAF-amended investment law used to reconcile Shebin El Kom
April 12, 2012
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
April 12, 2012
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
April 12, 2012
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
April 11, 2012
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
April 11, 2012
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
April 10, 2012
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
April 10, 2012
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
April 10, 2012
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%
April 10, 2012
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%
April 9, 2012
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…