Business
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…
PM to discuss frozen remittances with Iraqi delegation
August 1, 2011
PM to discuss frozen remittances with Iraqi delegation
Prime Minister Essam Sharaf will meet with a delegation of the Iraqi Finance Ministry on Tuesday to resolve the problem…
Official: Arab tourists to Egypt dropped in first half of 2011
August 1, 2011
Official: Arab tourists to Egypt dropped in first half of 2011
The number of Arab tourists who visited Egypt in the first half of 2011 dropped by 15.3 percent compared to…
Credit Agricole Egypt says net profit down 30%
July 31, 2011
Credit Agricole Egypt says net profit down 30%
Credit Agricole Egypt's net profit for the first six months of 2011 fell 30 percent from a year earlier, the…