Business
Head of company supplying gas to Israel denies reports he resigned
February 22, 2011
Head of company supplying gas to Israel denies reports he resigned
Mohamed Ibrahim Tawilla, head of the East Mediterranean Gas Company (EMG), which supplies natural gas from Egypt to Israel, denied…
Mubarak personally approved selling land in Toshka to Saudi prince
February 22, 2011
Mubarak personally approved selling land in Toshka to Saudi prince
Sources at the Ministry of Agriculture said the contract for selling 100,000 acres in Toshka to Prince al-Waleed bin Talal…
Egypt seeking debt relief from European Union
February 22, 2011
Egypt seeking debt relief from European Union
Egypt has asked Britain for its support in seeking debt forgiveness from Europe, the Finance Ministry said Tuesday, in the…
President of Egypt company that exports gas to Israel resigns
February 21, 2011
President of Egypt company that exports gas to Israel resigns
Mohamed Ibrahim Tawila, president of Egyptian energy company Eastern Mediterranean Gas (EMG)--best known for its controversial gas export deals with…
National carrier seeks to lease 40 percent of its fleet
February 21, 2011
National carrier seeks to lease 40 percent of its fleet
National carrier EgyptAir plans on grounding 40 percent of its 92-plane fleet and will offer to lease them to other…
Stock exchange to remain closed through Wednesday
February 21, 2011
Stock exchange to remain closed through Wednesday
A decision was made today to extend the suspension of trading on the Egyptian Stock Exchange through Wednesday to allow…
Egypt’s stock exchange to remain closed on Tuesday
February 20, 2011
Egypt’s stock exchange to remain closed on Tuesday
The management of the stock exchange said it would still be closed on Tuesday until banks operate normally, adding that…
Egypt pound closes weaker after banks reopen
February 20, 2011
Egypt pound closes weaker after banks reopen
The Egyptian pound weakened on Sunday after the nation's banks reopened from a three-day closure caused by worker strikes and…
Germany, Japan support Egypt during transitional phase
February 20, 2011
Germany, Japan support Egypt during transitional phase
German authorities removed the ban on its nationals traveling to the Red Sea and announced that its investment in Egypt…
Egypt’s army should bring opposition to manage workforce’s expectations, say experts
February 20, 2011
Egypt’s army should bring opposition to manage workforce’s expectations, say experts
When a housekeeper came to work in Cairo on Thursday, she had a dreamy look in her eyes.According to a…