Business
Tourism Ministry predicts losses of US$3 billion by year-end
September 5, 2011
Tourism Ministry predicts losses of US$3 billion by year-end
Samy Mahmoud, head of the Ministry of Tourism’s international tourism department, said on Monday that the industry's total revenues for…
Egyptian government proposes maximum wage 36 times the minimum
September 5, 2011
Egyptian government proposes maximum wage 36 times the minimum
Deputy Prime Minister and Minister of Finance Hazem Beblawi has proposed a maximum wage for state employees, set at 36…
Local gold prices still increasing
September 5, 2011
Local gold prices still increasing
Local gold prices are still soaring due to a global price hike, gold experts say. Amir Rezq, member of the…
Egypt to sign new gas deal with Jordan this month
September 5, 2011
Egypt to sign new gas deal with Jordan this month
An agreement to review prices for the Egyptian natural gas exports to Jordan will be signed this month, a senior…
Egypt destroys 4 million smuggled cigarettes
September 4, 2011
Egypt destroys 4 million smuggled cigarettes
The Port Said Customs Authority has announced that it destroyed four million cigarettes in August. The cigarettes were seized before…
Egypt Post employees continue strike
September 4, 2011
Egypt Post employees continue strike
Egypt Post employees have continued to strike in several governorates for the twelfth day in a row. They demand better…
Egypt’s OCI seen posting 33% rise in profit
September 4, 2011
Egypt’s OCI seen posting 33% rise in profit
Orascom Construction Industries, Egypt's biggest listed company, is expected to post a 33 percent increase in second-quarter net profit, according…
Egypt to resume gas exports to Jordan at new prices
September 4, 2011
Egypt to resume gas exports to Jordan at new prices
Egyptian natural gas exports to Jordan will resume soon under a new agreement with amended prices, a Jordanian government source…
New leadership targets ambitious growth for Egypt’s mines
September 3, 2011
New leadership targets ambitious growth for Egypt’s mines
Held back by bureaucracy and a mining law that hasn’t been updated since 1956, Egypt’s mines are expected to receive…
Egypt mulls new natural gas projects in Iraq
September 1, 2011
Egypt mulls new natural gas projects in Iraq
The Egyptian Natural Gas Holding Company (EGAS) is considering several new natural gas projects in Iraq in collaboration with Iraqi…