Business
Kuwait Energy strikes 2 oil discoveries in Egypt
June 7, 2011
Kuwait Energy strikes 2 oil discoveries in Egypt
Kuwait--Kuwait Energy Company said it struck two new oil discoveries in Egypt's Western Desert, bringing the total to 11. The…
Egypt expects 11 million tourists by end of year
June 7, 2011
Egypt expects 11 million tourists by end of year
The number of tourists arriving to Egypt is expected to reach 11 million by the end of this year, Minister…
Central Bank announces decline in foreign reserves
June 7, 2011
Central Bank announces decline in foreign reserves
The Central Bank of Egypt (CBE) on Tuesday announced that international reserves decreased to US$27.2 billion by end of May,…
E. coli raises European demand for Egyptian vegetables
June 6, 2011
E. coli raises European demand for Egyptian vegetables
The Egyptian Agriculture Export Council says it is expecting an increase in exports of vegetables to the European market in…
Egypt bourse head says dividends exempt from tax
June 6, 2011
Egypt bourse head says dividends exempt from tax
The head of Egypt's stock exchange said on Monday that the dividends of listed companies will be exempted from new…
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,…