Business

Milk producers accused of monopoly bid

Milk producers accused of monopoly bid

The Anti-Trust Authority reported four companies that manufacture UHT milk to the Trade Ministry, claiming they had surreptitiously agreed to…
Yielding to minister’s threats, cement firms reduce prices

Yielding to minister’s threats, cement firms reduce prices

After raising per-ton cement prices last week--in a move largely seen as unjustified--local cement companies Thursday retracted the decision after…
Local cement firms raise prices in unison

Local cement firms raise prices in unison

Local cement companies increased their per-ton prices Wednesday by between LE15 and LE22. Some observers believe the move represents a…
Steel sales slow amid fears of cheaper imports

Steel sales slow amid fears of cheaper imports

Steel bar sales slumped noticeably this month after local producers raised their per-ton prices to LE3030. Experts, meanwhile, voice fears…
Stock market up 1.6%

Stock market up 1.6%

The Egyptian stock exchange's EGX 30 index rose by 1.6 percent on Tuesday, gaining 107.9 points to close at 6833.2…
Alex sees spike in subsidized tea prices

Alex sees spike in subsidized tea prices

Abdel Fattah Ahmed, commercial director of the public-sector Alexandria Company for Cooperatives, said that the Investment Ministry had set new…
Govt considers raising subsidized sugar prices

Govt considers raising subsidized sugar prices

According to informed sources, the government is currently thinking about raising the price of subsidized sugar sold at state cooperatives…
Land ownership abolished in Toshka, East Owaynat

Land ownership abolished in Toshka, East Owaynat

The Council of Ministers is currently considering the allocation of new land in Toshka, East Owaynat and parts of El-Wadi…
In light of crisis, discount sales come early this year

In light of crisis, discount sales come early this year

From "50-percent-off" to "buy-one-get-one-free" deals, local retailers are scrambling to boost sales amid widespread financial difficulties associated with the unfolding…
Ministry source: No amendments to real estate tax bill

Ministry source: No amendments to real estate tax bill

A source at the Finance Ministry has denied allegations that parliament had requested certain amendments to the real estate tax…
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