Business
Petrol on low supply
August 22, 2011
Petrol on low supply
Shortages in 80-octane petrol continued for the second week to the extent that it has almost vanished in the Nile…
Egypt stock market drops on concerns over diplomatic fallout with Israel
August 21, 2011
Egypt stock market drops on concerns over diplomatic fallout with Israel
Egypt’s stock market fell by more than 3 percent on Sunday as the country’s diplomatic tussle with neighboring Israel over…
Egypt’s Palm Hills slips into H1 net loss
August 21, 2011
Egypt’s Palm Hills slips into H1 net loss
Egyptian real estate firm Palm Hills Developments , the country's second-biggest developer, slipped to a 2011 second-quarter net loss, hit…
Former PM charged with selling state-owned land to Emirati company
August 18, 2011
Former PM charged with selling state-owned land to Emirati company
The administrative prosecution has begun investigations into a new charge leveled at former Prime Minister Ahmed Nazif, accusing him of…
One-third of household spending on education goes to private lessons
August 17, 2011
One-third of household spending on education goes to private lessons
A recent government study revealed that an average of 33 percent of household spending on education goes to private lessons,…
Railway workers’ strike paralyzes traffic in 6 governorates
August 17, 2011
Railway workers’ strike paralyzes traffic in 6 governorates
Train traffic in Cairo and five Nile Delta governorates came to a complete halt on Wednesday morning, as railway workers…
Cabinet approves draft law on development of Sinai
August 17, 2011
Cabinet approves draft law on development of Sinai
The cabinet approved a draft law on Wednesday concerning the development of industry and infrastructure in Sinai, and the transfer…
Naguib Sawiris says he will not sell his Mobinil shares
August 17, 2011
Naguib Sawiris says he will not sell his Mobinil shares
Egyptian telecoms magnate Naguib Sawiris said on Wednesday he had no plans to sell shares in Mobinil, a mobile phone…
Lifting energy subsidies won’t harm industry, official says
August 17, 2011
Lifting energy subsidies won’t harm industry, official says
Egyptian industry will not be affected if the government decides to lift energy subsidies, said Industrial Devleopment Authority Chief Ismail…
Egypt mulls removing energy subsidies for certain industries
August 16, 2011
Egypt mulls removing energy subsidies for certain industries
The government is considering removing its energy subsidies to the steel, cement, fertilizers, and ceramics industries, said Deputy Prime Minister…