Business
New finance minister promises more of the same
December 8, 2011
New finance minister promises more of the same
Momtaz El-Said's appointment Wednesday makes him Egypt’s fourth finance minister this year, but brings with it little promise of new…
UAE energy minister says investments in Egypt to continue
December 8, 2011
UAE energy minister says investments in Egypt to continue
The United Arab Emirates will continue to invest in Egypt, especially in petroleum and renewable energy, UAE Energy Minister Mohamed…
French company Total to open US$3 billion plant in Egypt
December 6, 2011
French company Total to open US$3 billion plant in Egypt
French energy company Total is on the verge of signing a contract with the Egyptian Petrochemicals Holding Company to establish…
In courts and picket lines, workers try to reverse corrupt privatization
December 6, 2011
In courts and picket lines, workers try to reverse corrupt privatization
When an Egyptian administrative court ruled in mid-September that Tanta Linens, Shebin Textiles and Weaving Company, and Al-Nasr Company for…
EgyptAir to double flights to Libya
December 5, 2011
EgyptAir to double flights to Libya
EgyptAir announced Monday it will increase its number of flights to Libyan cities, starting on 7 December. The airline will…
Military official sees Egypt foreign reserves plunging
December 1, 2011
Military official sees Egypt foreign reserves plunging
Egypt's foreign reserves will plunge by a third to US$15 billion by the end of January and the budget deficit…
Iron companies fix prices in response to lower demand
December 1, 2011
Iron companies fix prices in response to lower demand
Iron companies operating in the local Egyptian market have declared they will not raise prices in December despite rising costs…
Egypt to increase Suez Canal tolls 3 percent
December 1, 2011
Egypt to increase Suez Canal tolls 3 percent
Suez Canal tolls for all vessels will increase 3 percent as of March, Egypt's Suez Canal Authority announced Thursday. The…
Government report: Egypt’s wheat production in decline
November 30, 2011
Government report: Egypt’s wheat production in decline
Egypt's wheat production from the fiscal year 2009 to 2010 declined by 15.8 percent from the year before to reach…
Egypt pound falls to weakest in almost 7 years
November 29, 2011
Egypt pound falls to weakest in almost 7 years
CAIRO — The Egyptian pound was bid as weak as 6.0036 to the US dollar on Tuesday, its lowest in…