Business
Finance minister: Egypt will accept IMF funding package
November 18, 2011
Finance minister: Egypt will accept IMF funding package
Egypt intends to accept a funding package of US$3.2 billion from the International Monetary Fund (IMF) it had rejected earlier…
Competition authority investigates CEMEX on monopoly charges
November 18, 2011
Competition authority investigates CEMEX on monopoly charges
The Egyptian Competition Authority (ECA) has started investigating reports from traders accusing CEMEX, Assiut Cement Company of monopolistic practices, said…
Government studies customs regulations to protect textile industry
November 17, 2011
Government studies customs regulations to protect textile industry
The customs duty authority is meeting next week to revise tariffs and duties on textile products with a view to…
Damietta harbor losing LE35 million daily since closure, says govt
November 17, 2011
Damietta harbor losing LE35 million daily since closure, says govt
Damietta harbor is losing LE35 million per day since protests forced it to close Friday, Transportation Minister Ali Zine al-Abidine…
Egypt gets budget help from Arab Monetary Fund
November 16, 2011
Egypt gets budget help from Arab Monetary Fund
Egypt will receive US$200 million to support its budget from the Abu Dhabi-based Arab Monetary Fund (AMF) this month and…
Gas summit starts with call for fair price
November 15, 2011
Gas summit starts with call for fair price
Leaders of the world's biggest gas suppliers opened their first summit in the Qatari capital on Tuesday by calling for…
Government to build fuel factory instead of sugar factory
November 15, 2011
Government to build fuel factory instead of sugar factory
The Food Industries Holding Company (FIHC) has decided to build an airplane fuel factory rather than a previously planned sugar…
Egypt chooses high-profile counsel in gas deal arbitration
November 15, 2011
Egypt chooses high-profile counsel in gas deal arbitration
Nearly a month after the Egyptian government entered arbitration proceedings with investors who own the Egypt-to-Israel gas pipeline, the case…
Suez Canal October revenue up US$447.9 million
November 15, 2011
Suez Canal October revenue up US$447.9 million
Revenue from Egypt's Suez Canal rose 4.8 percent from a year earlier to US$447.9 million in October, up 2.2 percent…
Egypt’s Egas plans gas bids round early 2012
November 14, 2011
Egypt’s Egas plans gas bids round early 2012
DOHA - Egypt's state-owned gas company Egas plans to hold a bidding round for natural gas exploration early next year,…