Business
Finance Ministry to consider imposing hot money tax
May 4, 2011
Finance Ministry to consider imposing hot money tax
The Egyptian Tax Authority (ETA) is considering imposing a hot money tax on the stock exchange to protect investment flow,…
Talks on price of gas exported to Israel to begin this month
May 4, 2011
Talks on price of gas exported to Israel to begin this month
Official negotiations between the Egyptian government and the Eastern Mediterranean Gas Company (EMG) will begin later this month to review…
Bank group sees recession in Egypt, Tunisia, Syria
May 4, 2011
Bank group sees recession in Egypt, Tunisia, Syria
The economies of Egypt, Yemen, Tunisia and Syria are likely to fall into recession in 2011 as economic activity falls…
Dana Gas makes fifth gas discovery in Egypt
May 3, 2011
Dana Gas makes fifth gas discovery in Egypt
Dubai--Dana Gas, the Gulf's only listed natural gas company, said on Tuesday it has made a new gas discovery in…
Finance minister: Budget deficit at 9.4% of GDP in 2011/12
May 2, 2011
Finance minister: Budget deficit at 9.4% of GDP in 2011/12
Egypt's state budget deficit, bloated after political turmoil rocked the economy, is forecast to widen to 9.38 percent of gross…
Govt report predicts rise in local wheat production
May 2, 2011
Govt report predicts rise in local wheat production
Egypt's wheat production could rise by 33 percent during the current season, according to a forthcoming Ministry of Agriculture report.…
Egypt’s central bank leaves interest rates steady
April 28, 2011
Egypt’s central bank leaves interest rates steady
Egypt's central bank kept its key overnight interest rates steady on Thursday in a bid to foster economic growth without…
Egypt govt allots up to LE5 billion for buying wheat from farmers
April 28, 2011
Egypt govt allots up to LE5 billion for buying wheat from farmers
The Egyptian Ministry of Agriculture has allocated between LE4 billion and LE5 billion to buy four million tons of wheat…
Egypt’s Mobinil net tumbles on political turmoil
April 28, 2011
Egypt’s Mobinil net tumbles on political turmoil
Egyptian mobile phone operator Mobinil (EMOB.CA) said political turmoil and economic uncertainty hurt its first-quarter results, sending net income tumbling…
Egypt’s Eastern 9-month net profit at US$67.6 mln
April 27, 2011
Egypt’s Eastern 9-month net profit at US$67.6 mln
Egypt's cigarette monopoly Eastern Company posted unaudited nine-month net profit for the period ended March 2011 of 402 million Egyptian…