Business
Govt signs new Toshka contract today
June 6, 2011
Govt signs new Toshka contract today
The Egyptian government on Tuesday will sign a new contract for lands in Toshka, southern Egypt, with Saudi Prince al-Waleed…
Tourism at Egyptian Museum expected to decline during summer
June 6, 2011
Tourism at Egyptian Museum expected to decline during summer
The head of the Egyptian Museum has said he expects less visitors this summer at the museum, located in downtown…
US business looks to support change in Egypt
June 6, 2011
US business looks to support change in Egypt
Washington--Executives from Google, Citigroup, Boeing and other US companies visit Cairo this week to explore opportunities in post-Mubarak Egypt and…
Citadel Capital chairman cleared of corruption charges
June 5, 2011
Citadel Capital chairman cleared of corruption charges
Citadel Capital chairman Ahmed Heikal returned to Cairo on Sunday after he was cleared of charges relating to a suspicious…
Test pumping of gas to Israel and Jordan to start this week
June 5, 2011
Test pumping of gas to Israel and Jordan to start this week
Petroleum Ministry sources said that the test pumping of natural gas to Jordan and Israel would be resumed this week,…
100,000 acres offered for agricultural investment in Sinai
June 5, 2011
100,000 acres offered for agricultural investment in Sinai
Minister of Agriculture and Land Reclamation Ayman Abu Hadid said that in two weeks time the ministry would be offering…
Finance Ministry to allocate LE13.5 bn to EGPC
June 5, 2011
Finance Ministry to allocate LE13.5 bn to EGPC
The Finance Ministry has earmarked LE13.5 billion for the Egyptian General Petroleum Corporation (EGPC) in the new state budget to…
Egypt seals US$3 billion IMF accord
June 5, 2011
Egypt seals US$3 billion IMF accord
The International Monetary Fund (IMF) agreed a US$3 billion financing deal with Egypt on Sunday and praised the policies of…
Experts expect interest rates to remain steady, inflation to rise
June 5, 2011
Experts expect interest rates to remain steady, inflation to rise
Economic experts expect the Central Bank of Egypt (CBE) to keep interest rates at their current levels to encourage investment…
IMF welcomes Egypt budget reforms, businessmen skeptical
June 4, 2011
IMF welcomes Egypt budget reforms, businessmen skeptical
The International Monetary Fund (IMF) welcomed the social reforms announced by the Egyptian government as part of the state budget…