Business
Electricity Ministry stops subsidizing energy-intensive factories
February 27, 2012
Electricity Ministry stops subsidizing energy-intensive factories
Electricity Minister Hassan Younis on Monday said the ministry stopped subsidizing energy for intensive-consumption factories, such as those producing petrochemicals,…
Customers cut mobile phone services in bad economy
February 25, 2012
Customers cut mobile phone services in bad economy
The number of customers accessing the internet through mobile phone networks declined significantly in past months, according to a government…
EU opens door to ‘debt relief’ for North Africa
February 23, 2012
EU opens door to ‘debt relief’ for North Africa
BRUSSELS — European governments have opened the way for a radical offer of "debt relief" for Arab North African and…
Telecom Egypt says 2011 net profit declined 6.8%
February 23, 2012
Telecom Egypt says 2011 net profit declined 6.8%
Landline monopoly Telecom Egypt said on Thursday its 2011 net profit fell 6.8 percent year on year to LE2.93 billion.…
Available LPG cylinders exceed 10 percent of market needs, say Egyptian authorities
February 22, 2012
Available LPG cylinders exceed 10 percent of market needs, say Egyptian authorities
The 1.3 million liquefied petroleum gas (LPG) cylinders available nationwide for the month of February exceeds market needs by 10…
Italian FM discusses Syria, promises more investments in Egypt
February 22, 2012
Italian FM discusses Syria, promises more investments in Egypt
Italian companies plan to increase their investments in Egypt, Foreign Minister Mohamed Kamel Amr said Tuesday.
Central Bank sells more dollar T-bills than it sought
February 21, 2012
Central Bank sells more dollar T-bills than it sought
The Central Bank of Egypt said it sold more one-year US-dollar-denominated treasury bills on Tuesday than it had sought and…
Egypt to sell short-term dollar debt in March, report says
February 21, 2012
Egypt to sell short-term dollar debt in March, report says
CAIRO — Egypt plans to offer US-dollar certificates of deposit to Egyptians living abroad at the beginning of March to…
Stock market suffers collective drop
February 21, 2012
Stock market suffers collective drop
Egyptian stock market indexes on Tuesday dipped collectively amid sales by foreign institutions and investment funds. Stocks lost nearly LE5.4…
Political upheaval takes toll on Mobinil
February 20, 2012
Political upheaval takes toll on Mobinil
Egyptian mobile phone operator Mobinil posted a quarterly net loss of LE177 million, blaming political turmoil in the wake of…