Business
A new loaf: Will Egypt tighten bread subsidies?
October 17, 2012
A new loaf: Will Egypt tighten bread subsidies?
At the dead end of a winding side street in the central Cairo neighborhood of Sayeda Zeinab, Ashraf al-Husseini sat…
Agriculture Ministry imports meat for Eid
October 17, 2012
Agriculture Ministry imports meat for Eid
Egypt has imported 36,000 cattle and 30,000 camels from countries as diverse as Sudan, Brazil, Croatia and Australia in preparation…
In call center industry, obstacles and potential
October 16, 2012
In call center industry, obstacles and potential
The call center industry was one of the trademarks of Egypt's development strategy throughout the 2000s. Experts pointed to it…
France Telecom buys service contract from Egyptian partner
October 16, 2012
France Telecom buys service contract from Egyptian partner
France Telecom will pay Egyptian partner Orascom Telecom Media and Technology (OTMT) 110 million euros (US$142.30 million) for taking over…
Government pursues ways to increase tax revenue
October 15, 2012
Government pursues ways to increase tax revenue
The government will not raise taxes but will instead rely on foreign investment to remedy the country’s cash flow problem,…
EFG Hermes gets go-ahead for Qatar deal
October 15, 2012
EFG Hermes gets go-ahead for Qatar deal
Egypt’s regulator has no objections to EFG Hermes’ plan to create a jointly owned investment bank with QInvest of Qatar,…
Govt details fuel subsidy rationing
October 14, 2012
Govt details fuel subsidy rationing
Egypt's government plans to cut energy subsidies by setting a universal limit on how much cheap fuel and cooking…
Senior Iranian diplomat plays down trade agreements, highlights industry-specific assistance
October 14, 2012
Senior Iranian diplomat plays down trade agreements, highlights industry-specific assistance
Hassan Kazemi, Iran’s assistant foreign minister for economic affairs, said that his country is open to a free trade zone…
In sukkuk, govt sees a solution to economic crisis
October 12, 2012
In sukkuk, govt sees a solution to economic crisis
Prime Minister Hashem Qandil announced last month his government’s intention to issue one or two rounds of sukuk, a…
Antiquated rental law distorts housing market
October 11, 2012
Antiquated rental law distorts housing market
In the upscale neighborhood of Abbas al-Akkad in Nasr City, Amr Hegazy owns a five-story building surrounded by prominent restaurants. Passing…