Business
Saudi’s Savola takes full control of 2 Egypt firms
December 13, 2011
Saudi’s Savola takes full control of 2 Egypt firms
JEDDAH — Saudi food group Savola has bought the remaining 22 percent stakes in two Egyptian companies it acquired in…
European wheat firm with U.S., Egypt tender eyed
December 13, 2011
European wheat firm with U.S., Egypt tender eyed
PARIS — European wheat futures rose as U.S. grains and wider markets steadied after day-earlier losses, with European wheat also…
Egypt’s Suez Canal November revenue US$435.5mn
December 12, 2011
Egypt’s Suez Canal November revenue US$435.5mn
Revenue from Egypt's Suez Canal rose 5.5 percent on a year earlier to US$435.5 million in November, but down 2.8…
Will liberal parties be able to influence economic policy?
December 11, 2011
Will liberal parties be able to influence economic policy?
Despite their modest gains in the first round of elections, liberal parties could still play an influential role in setting…
Officials pledge to end butane shortage
December 10, 2011
Officials pledge to end butane shortage
Officials on Saturday said that the current shortage of the butane gas cylinders is being addressed government measures to provide…
Egypt inflation rises to 9.1 percent in November
December 10, 2011
Egypt inflation rises to 9.1 percent in November
Egypt’s inflation accelerated on rising food prices in November to reach an annual rate of 9.1 from 7.1 percent in…
Egypt negotiates 25 million-euro grant with EU, World Bank
December 9, 2011
Egypt negotiates 25 million-euro grant with EU, World Bank
Egypt has negotiated a 25 million-euro grant for development projects with the European Union and World Bank, an official with…
Consumer Protection Agency to repair defective Honda vehicles
December 9, 2011
Consumer Protection Agency to repair defective Honda vehicles
The Egyptian Consumer Protection Agency (CPA) said Friday it has agreed with the Nile Trading and Engineering Company to carry…
New finance minister promises more of the same
December 8, 2011
New finance minister promises more of the same
Momtaz El-Said's appointment Wednesday makes him Egypt’s fourth finance minister this year, but brings with it little promise of new…
UAE energy minister says investments in Egypt to continue
December 8, 2011
UAE energy minister says investments in Egypt to continue
The United Arab Emirates will continue to invest in Egypt, especially in petroleum and renewable energy, UAE Energy Minister Mohamed…