Business
Czech delegation to visit Egypt next week
March 29, 2012
Czech delegation to visit Egypt next week
A high-level delegation from the Czech Republic, including the foreign minister and 15 heads of leading companies, will visit Cairo…
Report: Egypt, Saudi Arabia agree to keep kingdom’s investments intact
March 29, 2012
Report: Egypt, Saudi Arabia agree to keep kingdom’s investments intact
The People’s Assembly Economic Affairs Committee has agreed to uphold all existing contracts governing Saudi Arabia’s US$27 billion in Egyptian…
Government to import 120,000 tons of wheat
March 28, 2012
Government to import 120,000 tons of wheat
The government on Wednesday signed a contract with the United States and Argentina to import 120,000 tons of wheat to…
Paper: Egypt army sees further drop in FX reserves
March 28, 2012
Paper: Egypt army sees further drop in FX reserves
CAIRO - Egypt's foreign reserves are expected to fall by more than US$5 billion to $10.4 billion by the end…
Land cargo transport prices rise by 20%, says official
March 28, 2012
Land cargo transport prices rise by 20%, says official
The prices of cargo transport between governorates rose by 20 percent due to the rise in diesel prices, Ahmed al-Zeiny,…
Damietta authorities foil attempt to smuggle subsidized gasoline
March 28, 2012
Damietta authorities foil attempt to smuggle subsidized gasoline
Damietta seaport authorities on Wednesday thwarted an alleged attempt by officials from a trade company to smuggle more than 10…
Foot-and-mouth disease traps camels at Sudanese border
March 27, 2012
Foot-and-mouth disease traps camels at Sudanese border
A decision issued by Egypt’s Agriculture Ministry preventing the transfer of animals across governorates borders to halt the spread of…
Orascom Construction Q4 net falls more than expected
March 27, 2012
Orascom Construction Q4 net falls more than expected
Egyptian group Orascom Construction reported a 34 percent drop in quarterly net income, missing expectations after being hit by debt…
We rejected an IMF request to devalue the pound by 20%, says official
March 26, 2012
We rejected an IMF request to devalue the pound by 20%, says official
A senior government official said Monday that the government rejected a request by the International Monetary Fund to devalue the…
Senior Brotherhood member launches Egyptian business association
March 26, 2012
Senior Brotherhood member launches Egyptian business association
A senior Muslim Brotherhood member and businessman, who at this time last year had just been released from Tora prison,…