Business
Railway workers’ strike paralyzes traffic in 6 governorates
August 17, 2011
Railway workers’ strike paralyzes traffic in 6 governorates
Train traffic in Cairo and five Nile Delta governorates came to a complete halt on Wednesday morning, as railway workers…
Cabinet approves draft law on development of Sinai
August 17, 2011
Cabinet approves draft law on development of Sinai
The cabinet approved a draft law on Wednesday concerning the development of industry and infrastructure in Sinai, and the transfer…
Naguib Sawiris says he will not sell his Mobinil shares
August 17, 2011
Naguib Sawiris says he will not sell his Mobinil shares
Egyptian telecoms magnate Naguib Sawiris said on Wednesday he had no plans to sell shares in Mobinil, a mobile phone…
Lifting energy subsidies won’t harm industry, official says
August 17, 2011
Lifting energy subsidies won’t harm industry, official says
Egyptian industry will not be affected if the government decides to lift energy subsidies, said Industrial Devleopment Authority Chief Ismail…
Egypt mulls removing energy subsidies for certain industries
August 16, 2011
Egypt mulls removing energy subsidies for certain industries
The government is considering removing its energy subsidies to the steel, cement, fertilizers, and ceramics industries, said Deputy Prime Minister…
Egypt’s exports to Nile Basin rise by a quarter in 2010
August 16, 2011
Egypt’s exports to Nile Basin rise by a quarter in 2010
Egyptian exports to Nile Basin countries have risen by almost a quarter in 2010 compared to the year before, according…
Investors warn of decline in Egyptian exports due to US debt crisis
August 15, 2011
Investors warn of decline in Egyptian exports due to US debt crisis
Investors and government officials in Egypt on Monday warned that the country's exports to the US and the European Union…
Sharm el-Sheikh celebrates Mubarak’s departure
August 12, 2011
Sharm el-Sheikh celebrates Mubarak’s departure
Sharm el-Sheikh, Egypt’s tourism capital, breathed a sigh of relief last week when former President Hosni Mubarak was transported to…
Sinai residents to be compensated for damage caused by pipeline explosion
August 11, 2011
Sinai residents to be compensated for damage caused by pipeline explosion
The Egyptian Natural Gas Company (GASCO) will compensate North Sinai residents who were affected by last month’s attack on the…
Egypt accepts US$2 billion from World Bank
August 11, 2011
Egypt accepts US$2 billion from World Bank
The Ministry of International Cooperation has accepted US$2 billion in grants and loans from the World Bank under the Partnership…