Business
Departure of Mubarak raises hopes of tourism boom in Sharm el-Sheikh
August 4, 2011
Departure of Mubarak raises hopes of tourism boom in Sharm el-Sheikh
Tourism officials are expecting a rise in tourist numbers in Sharm el-Sheikh following the departure of former President Hosni Mubarak…
New investors force cement companies to reduce prices
August 4, 2011
New investors force cement companies to reduce prices
New investors in the cement business, especially Arish Cement, which is owned by the Egyptian armed forces, have forced several…
Lecico says strikes end at its Egypt factories
August 4, 2011
Lecico says strikes end at its Egypt factories
Egyptian ceramics maker Lecico said on Thursday the workers' strike at its Khorshid plants in Alexandria, which had caused a…
Mobinil expects low third-quarter earnings due to boycott
August 4, 2011
Mobinil expects low third-quarter earnings due to boycott
The Egyptian Company for Mobile Services (Mobinil) expects lower third quarter revenues as a result of the recent boycott…
Govt reaches deal with Iraq over ‘yellow remittances’ debt
August 4, 2011
Govt reaches deal with Iraq over ‘yellow remittances’ debt
Egypt and Iraq have reached a final settlement on the money Iraq owes to Egyptian expatriates who returned home during…
Egypt’s Citadel shareholders back rights issue
August 4, 2011
Egypt’s Citadel shareholders back rights issue
Shareholders in Egyptian private equity firm Citadel Capital have approved a LE1.05 billion ($176 million) rights issue, the company said…
Omar Effendi workers threaten to sue PM over court order
August 3, 2011
Omar Effendi workers threaten to sue PM over court order
Workers of the Omar Effendi department store chain on Wednesday sent Prime Minister Essam Sharaf a request to implement a…
Gas supply company owes Egypt millions, says government source
August 3, 2011
Gas supply company owes Egypt millions, says government source
Eastern Mediterranean Gas (EMG), the company supplying Israel with natural gas from Egypt, owes the Egyptian Natural Gas Holding Company…
Suez Canal revenue up 11.3% in 2010-2011
August 2, 2011
Suez Canal revenue up 11.3% in 2010-2011
The revenue from Egypt's Suez Canal soared by 11.3 percent during the fiscal year 2010-2011 as compared to the previous…
Civil aviation losses amount to LE2bn since January uprising
August 1, 2011
Civil aviation losses amount to LE2bn since January uprising
Civil Aviation Minister Lotfy Kamal said on Monday that initial estimates indicate that the ministry has lost LE2 billion since…