Business
US official: QIZ will not be affected by halted gas exports
May 9, 2012
US official: QIZ will not be affected by halted gas exports
Israel welcomes the introduction of new areas into the Qualifying Industrial Zones (QIZ) agreement, said an economic official from the US…
State withdraws undeveloped land from investors in Suez
May 9, 2012
State withdraws undeveloped land from investors in Suez
Egyptian authorities on Wednesday began withdrawing plots of state-owned land allocated to businessmen after they failed to set up their…
Ganzouri: LE600 million allocated to support exports till end of fiscal year
May 8, 2012
Ganzouri: LE600 million allocated to support exports till end of fiscal year
Prime Minister Kamal al-Ganzouri decided Tuesday to pump LE600 million into the exports support fund before the end of the…
Shares in Egyptian bank EFG Hermes climb on Qatari deal
May 7, 2012
Shares in Egyptian bank EFG Hermes climb on Qatari deal
Shares in Egypt-based investment bank EFG Hermes rose on Monday following the announcement of an agreement with Qatar's QInvest to…
Plan to abolish subsidies will distribute fuel with coupons, raise gas prices
May 6, 2012
Plan to abolish subsidies will distribute fuel with coupons, raise gas prices
The government is planning the total abolition of subsidies for petroleum products by 2018, with official sources saying gasoline and…
Total cancels US$6 billion project due to political unrest
May 6, 2012
Total cancels US$6 billion project due to political unrest
Total, a French multinational oil and gas company, has withdrawn from a US$6 billion deal it had made with the…
EMG shareholders sue Egypt over treaty violations
May 3, 2012
EMG shareholders sue Egypt over treaty violations
JERUSALEM — International shareholders in East Mediterranean Gas (EMG), the company that oversaw the now defunct Egyptian-Israeli natural gas deal,…
Arab Spring cost region 7 million tourists in 2011
May 3, 2012
Arab Spring cost region 7 million tourists in 2011
Political unrest cost the Middle East 5 million and North Africa 2 million tourists in 2011, according to the United…
IMF official: Egypt needs to do more to secure aid
May 2, 2012
IMF official: Egypt needs to do more to secure aid
DUBAI — Egypt needs to do more to secure a US$3.2 billion loan from the International Monetary Fund, including gathering…