Business

Cement traders lower prices to offset poor sales

Cement traders lower prices to offset poor sales

Cement sales have declined sharply due to slower building and construction activity throughout Egypt.The drop in demand has prompted several…
Taxes to be raised on steel, cement, cigarettes

Taxes to be raised on steel, cement, cigarettes

Parliament's planning and budget committee on Tuesday approved funding of LE7.5 billion for the 2010/11 state budget, of which LE2…
Low sales force iron factories to cut prices

Low sales force iron factories to cut prices

Iron factories reduced their prices by LE200-300 in mid May due to a sharp decline in sales during the months…
Businessman fails to pay debts to Misr Bank

Businessman fails to pay debts to Misr Bank

Rami Lakah, a businessman who fled to Europe in 2001 and returned to Egypt recently, hasn't yet repaid the first…
Rules governing public-private sector participation to be released

Rules governing public-private sector participation to be released

The Finance Ministry will begin preparing the executive rules of the law, which delineates how the private sector may participate…
EBRD: Euro Zone crisis to hit emerging Europe

EBRD: Euro Zone crisis to hit emerging Europe

Zagreb--The euro zone deficit crisis will prompt fiscal cuts that will hit demand for exports from central and Eastern Europe…
North Alexandria gas agreement awaiting approval

North Alexandria gas agreement awaiting approval

Prime Minister Ahmed Nazif and Sameh Fahmi, minister of Petroleum, held a meeting yesterday with two companies involved in petroleum…
Egypt spuds granted duty-free access to EU

Egypt spuds granted duty-free access to EU

The European Union has agreed to import unlimited amounts of Egyptian potatoes duty-free starting in June.Since the beginning of this…
Minister: Greek crisis will impact Egypt

Minister: Greek crisis will impact Egypt

At a press conference on Wednesday, Economic Development Minister Othman Mohamed Othman said that the Greek financial crisis could be…
Govt asks FT for more investment

Govt asks FT for more investment

Prime Minister Ahmed Nazif has said that Egypt is keen on developing Egyptian-French economic relations in all fields. His comments…
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