Business
International labor organization: Unemployment up more than 2%
October 25, 2011
International labor organization: Unemployment up more than 2%
Strikes and riots after the 25 January revolution caused unemployment in Egypt to rise about 2 percent, a director at…
Low-cost Turkish iron prompts Egyptian producers to cut prices
October 25, 2011
Low-cost Turkish iron prompts Egyptian producers to cut prices
Several Egyptian iron companies have slashed product prices for November in a move that workers attributed to falling international prices…
Egypt court sets next TMG court hearing for 22 November
October 25, 2011
Egypt court sets next TMG court hearing for 22 November
An Egyptian court on Tuesday set the next hearing in a land dispute case involving Talaat Mostafa Group (TMG) for…
Egypt negotiating US$3 billion loan with IMF
October 24, 2011
Egypt negotiating US$3 billion loan with IMF
A senior official at the Finance Ministry said on Monday that the Egyptian government is resuming negotiations with the International…
Govt considers appeal of order to return privatized companies to state
October 24, 2011
Govt considers appeal of order to return privatized companies to state
The Egyptian government is considering an appeal of a decision that ordered the return of three privatized companies to the…
Egypt faces shortage in wheat seeds
October 24, 2011
Egypt faces shortage in wheat seeds
Egypt is facing a shortage in wheat seeds for the coming planting season because the Central Administration for Seed Production…
CIB gives loan to new food transport company in Egypt
October 24, 2011
CIB gives loan to new food transport company in Egypt
Egypt’s largest publicly traded lender, Commercial International Bank (CIB), signed an LE86 million loan agreement on 23 October with two…
Egypt resumes supply of natural gas to Israel
October 23, 2011
Egypt resumes supply of natural gas to Israel
Natural gas supplies from Egypt to Israel have resumed after assailants blew up the pipeline last month and led to…
Minister: Egypt will not backtrack on free market economy
October 23, 2011
Minister: Egypt will not backtrack on free market economy
Mahmoud Eissa, Egypt’s minister of industry and foreign trade, repeated on Sunday that the country will not backtrack on its…
US consulting firm offers to help develop Egypt’s public sector
October 23, 2011
US consulting firm offers to help develop Egypt’s public sector
The US branch of consulting firm PricewaterhouseCoopers (PwC) is planning to offer an initiative to help develop the public sector…