Business
New report notes fluctuation in food prices
February 24, 2011
New report notes fluctuation in food prices
A report by the Egyptian federation of chambers of commerce, issued Thursday, said prices of some food commodities have increased…
Egypt bourse to stay shut until Tuesday -agency
February 24, 2011
Egypt bourse to stay shut until Tuesday -agency
Egypt's stock exchange, closed since 27 January because of an uprising that toppled President Hosni Mubarak, will not open before…
EIB says could move fast on loans to Tunisia, Egypt
February 24, 2011
EIB says could move fast on loans to Tunisia, Egypt
Vienna--The European Investment Bank (EIB) could quickly step up loans to Northern African countries such as Tunisia and Egypt if…
Oil surges, Asian markets fall on Mideast concern
February 24, 2011
Oil surges, Asian markets fall on Mideast concern
Hong Kong--Oil prices surged and Asian stock markets plunged on Thursday, as traders worried about turmoil in Libya and possible…
Former Egypt official transferred US$620 million from UK to Switzerland
February 22, 2011
Former Egypt official transferred US$620 million from UK to Switzerland
Mohamed Mahsoub, secretary-general of the popular "Egyptian Front for Reclaiming the People’s Wealth," said the group had documents in its…
Head of company supplying gas to Israel denies reports he resigned
February 22, 2011
Head of company supplying gas to Israel denies reports he resigned
Mohamed Ibrahim Tawilla, head of the East Mediterranean Gas Company (EMG), which supplies natural gas from Egypt to Israel, denied…
Mubarak personally approved selling land in Toshka to Saudi prince
February 22, 2011
Mubarak personally approved selling land in Toshka to Saudi prince
Sources at the Ministry of Agriculture said the contract for selling 100,000 acres in Toshka to Prince al-Waleed bin Talal…
Egypt seeking debt relief from European Union
February 22, 2011
Egypt seeking debt relief from European Union
Egypt has asked Britain for its support in seeking debt forgiveness from Europe, the Finance Ministry said Tuesday, in the…
President of Egypt company that exports gas to Israel resigns
February 21, 2011
President of Egypt company that exports gas to Israel resigns
Mohamed Ibrahim Tawila, president of Egyptian energy company Eastern Mediterranean Gas (EMG)--best known for its controversial gas export deals with…
National carrier seeks to lease 40 percent of its fleet
February 21, 2011
National carrier seeks to lease 40 percent of its fleet
National carrier EgyptAir plans on grounding 40 percent of its 92-plane fleet and will offer to lease them to other…