Business
Egypt considers importing butane from Iran, Algeria
May 22, 2011
Egypt considers importing butane from Iran, Algeria
To offset the mounting shortage of butane gas, Egypt's General Petroleum Corporation is mulling whether to import the natural resource…
Investment Authority: Pardons restore confidence in Egypt’s economy
May 21, 2011
Investment Authority: Pardons restore confidence in Egypt’s economy
The draft law to grant businessmen criminal pardons would restore confidence in the Egyptian economy and promote foreign investments, said…
Finance ministry policies against people’s will, says rights group
May 20, 2011
Finance ministry policies against people’s will, says rights group
Budgetary and Human Rights Observatory (BAHRO) criticized the media campaign which says that Egypt's economy is at stake and that…
Ministry: We didn’t link price increases with gas supply to Jordan
May 20, 2011
Ministry: We didn’t link price increases with gas supply to Jordan
A high official at the Ministry of Petroleum denied the ministry requested price increases as a condition for resuming natural…
Finance minister: Saudi Arabia offers US$200 million in aid
May 19, 2011
Finance minister: Saudi Arabia offers US$200 million in aid
Finance Minister Samir Radwan on Thursday said Saudi Arabia has offered the Egyptian government US$200 million in financial aid to…
Egypt cement maker sees rapid sector expansion
May 19, 2011
Egypt cement maker sees rapid sector expansion
Egypt's cement sector will shake off a property crisis and expand production capacity by 30 percent by the end of…
Gas exports to Israel bring Egypt US$40 million monthly
May 19, 2011
Gas exports to Israel bring Egypt US$40 million monthly
Egypt's Eastern Mediterranean Gas Company (EMG), an Israeli-Egyptian consortium, has announced for the first time that it pays Egypt US$40…
Reconciliation over land violations aims to attract foreign investment
May 18, 2011
Reconciliation over land violations aims to attract foreign investment
Experts have praised the government for considering a law intended to absolve from criminal liability those investors who bought state-owned…
Egypt’s real estate sector down, not out
May 18, 2011
Egypt’s real estate sector down, not out
There seem to be plenty of good reasons to avoid Egypt's battered real estate sector, yet some investors are tiptoeing…