Business
Egypt gets short-term relief, investors still wary
May 31, 2011
Egypt gets short-term relief, investors still wary
Billions of dollars in aid for Egypt will offer short-term relief to its battered economy but will not be enough…
Major spinning and weaving company reduces yarn prices
May 31, 2011
Major spinning and weaving company reduces yarn prices
The Holding Company for Spinning and Weaving has decided to reduce the price of yarn by LE4 for the local…
Red Sea resorts warned of power outage, asked to pay bills
May 31, 2011
Red Sea resorts warned of power outage, asked to pay bills
Electricity authorities in Egypt's Red Sea Governorate have filed complaints against 30 resorts and hotels owners, warning them that power…
Petroleum official: No compensation in wake of pipeline explosion
May 31, 2011
Petroleum official: No compensation in wake of pipeline explosion
There is no reason for the company responsible for natural gas exports to Israel to file a lawsuit against the…
Govt: New Toshka contract to be signed early June
May 31, 2011
Govt: New Toshka contract to be signed early June
Saudi businessman Prince al-Waleed bin Talal will sign a new contract on 7 June for the agricultural lands in Toshka,…
Antitrust fine to be increased to 10% of violating products
May 30, 2011
Antitrust fine to be increased to 10% of violating products
The Ministry of Trade and Industry has submitted a proposal to the cabinet that the antitrust fine be increased to…
Government prepares plan to restructure wages
May 30, 2011
Government prepares plan to restructure wages
Egypt's Ministry of Finance has finished the necessary groundwork for restructuring wages and raising the minimum wage of state employees,…
Report: Average Egyptian smoker spends LE110 a month on smoking
May 30, 2011
Report: Average Egyptian smoker spends LE110 a month on smoking
The average monthly expenditure of a cigarette smoker in Egypt is LE110, according to an Egyptian government report released Monday.…
Iraq to begin payment of ‘yellow remittances’ in July
May 30, 2011
Iraq to begin payment of ‘yellow remittances’ in July
Iraq in July will begin paying its "yellow remittances," money owed by Iraq to Egyptian workers who fled the country…
US partners in gas-to-Israel deal threaten arbitration
May 29, 2011
US partners in gas-to-Israel deal threaten arbitration
Two companies holding shares in the East Mediterranean Gas Company (EMG), which is responsible for natural gas exports to Israel,…