Business
Economic gloom begins to lift in Egypt
February 29, 2012
Economic gloom begins to lift in Egypt
When Egypt's stock market index climbed this week to its highest level since last July, it was more than a…
Finance Ministry says Saudi Arabia has yet to fulfill promises for assistance
February 29, 2012
Finance Ministry says Saudi Arabia has yet to fulfill promises for assistance
The Finance Ministry said statements reported by several news agencies citing Saudi Foreign Minister Prince Saud al-Faisal saying his country…
Govt orders jewelers to install anti-theft systems or close shop
February 29, 2012
Govt orders jewelers to install anti-theft systems or close shop
The Local Development Ministry in coordination with local authorities on Tuesday ordered jewelers to install surveillance cameras and alarm systems…
Egypt natgas supplies to Israel resume after blast
February 28, 2012
Egypt natgas supplies to Israel resume after blast
JERUSALEM — Natural gas supplies from Egypt to Israel resumed on Tuesday after a pipeline explosion earlier this month halted delivery,…
Computer sales plunge 40% in 2011
February 27, 2012
Computer sales plunge 40% in 2011
Computer sales fell by 40 percent last year compared to the year before, with 350,000 computers sold in 2011 versus…
Electricity Ministry stops subsidizing energy-intensive factories
February 27, 2012
Electricity Ministry stops subsidizing energy-intensive factories
Electricity Minister Hassan Younis on Monday said the ministry stopped subsidizing energy for intensive-consumption factories, such as those producing petrochemicals,…
Customers cut mobile phone services in bad economy
February 25, 2012
Customers cut mobile phone services in bad economy
The number of customers accessing the internet through mobile phone networks declined significantly in past months, according to a government…
EU opens door to ‘debt relief’ for North Africa
February 23, 2012
EU opens door to ‘debt relief’ for North Africa
BRUSSELS — European governments have opened the way for a radical offer of "debt relief" for Arab North African and…
Telecom Egypt says 2011 net profit declined 6.8%
February 23, 2012
Telecom Egypt says 2011 net profit declined 6.8%
Landline monopoly Telecom Egypt said on Thursday its 2011 net profit fell 6.8 percent year on year to LE2.93 billion.…
Available LPG cylinders exceed 10 percent of market needs, say Egyptian authorities
February 22, 2012
Available LPG cylinders exceed 10 percent of market needs, say Egyptian authorities
The 1.3 million liquefied petroleum gas (LPG) cylinders available nationwide for the month of February exceeds market needs by 10…