Business
IMF: Arab Spring economies to recover slowly in 2013
November 11, 2012
IMF: Arab Spring economies to recover slowly in 2013
Most economies hit by the Arab Spring uprisings will recover only slowly next year as they grapple with high inflation…
Centamin hopes to resolve Egypt mine case in 2013
November 9, 2012
Centamin hopes to resolve Egypt mine case in 2013
Centamin said it hoped to resolve a court case hanging over its Sukari gold mine in Egypt during 2013, offering…
Salafis to back Sharia-friendly business
November 8, 2012
Salafis to back Sharia-friendly business
Egypt’s Salafis are branching out into business, bringing their ultraconservative teaching of Islam into the world of modern finance. …
Suez Canal makes record revenue in two days
November 7, 2012
Suez Canal makes record revenue in two days
Suez Canal Authority President Mohab Mamish said on Wednesday that the canal made record revenue of US$34.5 million in just…
IMF loan does not mean return of foreign investment, experts say
November 7, 2012
IMF loan does not mean return of foreign investment, experts say
Egypt's leaders continued negotiations with an IMF delegation for a US$4.8 billion loan this week, sorting out the details of…
Egypt to increase gas exports to Jordan
November 6, 2012
Egypt to increase gas exports to Jordan
The Petroleum Ministry on Tuesday said it is studying an increase in the gas supplies to Jordan as of mid-November.…
Govt mulls increasing water prices
November 6, 2012
Govt mulls increasing water prices
The government is considering increasing water prices for homes, industrial and commercial facilities to match the market price, in a…
Update: OCI halts fertilizer plants after gas supply cut
November 6, 2012
Update: OCI halts fertilizer plants after gas supply cut
Egyptian group Orascom Construction Industries has stopped production at three fertilizer lines after the state gas company cut off supplies…