Business
Telecom Italia says Egyptian tycoon seeking stake
November 12, 2012
Telecom Italia says Egyptian tycoon seeking stake
Egyptian billionaire Naguib Sawiris has made an offer to invest in Telecom Italia, which has been hit hard by the…
Government plans new deficit-reduction steps
November 11, 2012
Government plans new deficit-reduction steps
Egypt's government has proposed tax changes and reducing energy subsidies to cut a budget deficit running at about 11 percent…
Company awarded for preparedness during 25 January uprising
November 11, 2012
Company awarded for preparedness during 25 January uprising
A Cairo-based call center company has received an international award for its preparedness and emergency management strategies employed…
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…