Business
Govt report predicts rise in local wheat production
May 2, 2011
Govt report predicts rise in local wheat production
Egypt's wheat production could rise by 33 percent during the current season, according to a forthcoming Ministry of Agriculture report.…
Egypt’s central bank leaves interest rates steady
April 28, 2011
Egypt’s central bank leaves interest rates steady
Egypt's central bank kept its key overnight interest rates steady on Thursday in a bid to foster economic growth without…
Egypt govt allots up to LE5 billion for buying wheat from farmers
April 28, 2011
Egypt govt allots up to LE5 billion for buying wheat from farmers
The Egyptian Ministry of Agriculture has allocated between LE4 billion and LE5 billion to buy four million tons of wheat…
Egypt’s Mobinil net tumbles on political turmoil
April 28, 2011
Egypt’s Mobinil net tumbles on political turmoil
Egyptian mobile phone operator Mobinil (EMOB.CA) said political turmoil and economic uncertainty hurt its first-quarter results, sending net income tumbling…
Egypt’s Eastern 9-month net profit at US$67.6 mln
April 27, 2011
Egypt’s Eastern 9-month net profit at US$67.6 mln
Egypt's cigarette monopoly Eastern Company posted unaudited nine-month net profit for the period ended March 2011 of 402 million Egyptian…
Telecom Egypt says CEO to step down
April 27, 2011
Telecom Egypt says CEO to step down
Telecom Egypt said chief executive Tarek Tantawy was stepping down to pursue other career opportunities. Chief technology officer Mohammed Abdel…
Egypt still in talks with IMF on up to US$4 bln loan
April 27, 2011
Egypt still in talks with IMF on up to US$4 bln loan
Kuwait--Egypt's government is still in talks with the International Monetary Fund for a US$3 billion to US$4 billion loan and…
Meat prices down, staples up in March
April 27, 2011
Meat prices down, staples up in March
The average price of beef has dropped from LE59.61 per kilogram in February to LE55.61in March, a decrease of 6.7…
Ambassador expects rise in Swedish tourists by September
April 26, 2011
Ambassador expects rise in Swedish tourists by September
Swedish Ambassador to Egypt Malin Kärre said she expects the number of Swedish tourists visiting Egypt to rise by September,…
Egypt court scraps land sale to Palm Hills
April 26, 2011
Egypt court scraps land sale to Palm Hills
CAIRO - An Egyptian court ruled on Tuesday that the sale of state land to Palm Hills Development, the country's…