Business

EGPC delays naphtha shipments after fire at refinery

EGPC delays naphtha shipments after fire at refinery

Egyptian General Petroleum Corporation (EGPC) has delayed naphtha shipments for April after a fire at its 146,300 barrels-per-day Nasr refinery…
Amid looming France Telecom buyout, stock exchange suspends trading of Mobinil and OTMT shares

Amid looming France Telecom buyout, stock exchange suspends trading of Mobinil and OTMT shares

The Egyptian Stock Exchange has suspended trading of shares of mobile operator Mobinil and Orascom Telecom Media and Technology (OTMT)…
Industrial deal focus of Israeli talks in Cairo, Amman

Industrial deal focus of Israeli talks in Cairo, Amman

A delegation from the Israeli Foreign Ministry traveled to Amman on Wednesday following a one-day visit to Cairo, where they…
With headquarters’ move, Egypt Exchange disconnects from heart of the city

With headquarters’ move, Egypt Exchange disconnects from heart of the city

When officials cut the ribbon in front of the doors of the new headquarters for the Egyptian Exchange on 12…
LE114 billion to be allocated for subsidizing petrol in the new budget

LE114 billion to be allocated for subsidizing petrol in the new budget

Executive director of the Egyptian General Petroleum Corporation (EGPC) Hani Dahi said subsidies allocated for petroleum products will jump to…
Finance Ministry to offer LE2.5 bn in reopened bonds

Finance Ministry to offer LE2.5 bn in reopened bonds

The Finance Ministry will offer LE2.5 billion (US$414.1 million) in reopened bonds at an auction on 23 April, the Central…
Brotherhood businessman urges business to play role in development

Brotherhood businessman urges business to play role in development

One month after the regime of former President Hosni Mubarak fell, in March 2011, Hassan Malek was released from jail.…
Muslim Brotherhood to launch chain store

Muslim Brotherhood to launch chain store

Investors affiliated with the Muslim Brotherhood plan to launch a chain store in two months, which they expect to acquire…
Tourism declines 28.6% in January 2012

Tourism declines 28.6% in January 2012

The number of tourists visiting Egypt has dropped by 28.6 percent in January 2012 in comparison to last year, according…
SCAF-amended investment law used to reconcile Shebin El Kom

SCAF-amended investment law used to reconcile Shebin El Kom

A controversial law on investment pushed through by the ruling military council in January is being used to reconcile a…
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