Business

Steel manufacturers abruptly raise prices

Steel manufacturers abruptly raise prices

Local per-ton steel prices abruptly rose from between LE3150 and LE3450 to between LE3500 and LE3800 in the last few…
Egypt joins list of mazut importers

Egypt joins list of mazut importers

For the first time, Egypt has joined the list of importers of mazut. Experts, however, warn that the development will…
Market dips following sell-off rumors

Market dips following sell-off rumors

The trading week began on Sunday with a sharp decline due to rampant selling by Arab investors, with concurrent purchasing…
Govt to encourage investment in Sinai

Govt to encourage investment in Sinai

Minister of Agriculture and Land Reclamation Amin Abaza announced that the government will allow Egyptian investors to begin agricultural projects…
OPEC likely to maintain current oil output

OPEC likely to maintain current oil output

OPEC is not expected to make any fundamental change in output at its next meeting, Qatar's oil minister was quoted…
Mobinil to cut service to unregistered mobiles

Mobinil to cut service to unregistered mobiles

The Egyptian Company for Mobile services, better known as Mobinil, is cutting service to unregistered phone lines starting in April.The…
Egypt telecom regulator extends bid deadline again

Egypt telecom regulator extends bid deadline again

Egypt's telecom regulator has extended the deadline for bids for two restricted licences to supply cable, voice and internet services…
Farmers demand new terms for govt wheat purchases

Farmers demand new terms for govt wheat purchases

In advance of the outset of the wheat harvest season next month, wheat growers have asked the government to set…
Diesel crisis eases in some places, worsens in others

Diesel crisis eases in some places, worsens in others

A weeks-long shortage of diesel fuel eased in Ismailia on Thursday after the Petroleum Ministry increased diesel supplies to the…
Inflation falls to 12.8% in February

Inflation falls to 12.8% in February

Egypt's national inflation rate fell from 13.6 percent in January to 12.8 percent in February, according to a report released…
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