Business
Govt prepares legislation to boost SMEs
December 21, 2010
Govt prepares legislation to boost SMEs
The Egyptian government is drafting a set of legislation to boost investment in small and medium enterprises (SMEs), according to…
Tour guides shun new Egyptian Museum souvenir center
December 21, 2010
Tour guides shun new Egyptian Museum souvenir center
The Egyptian Museum souvenir center, which opened last week, made LE100,000 in revenues on Friday, up from LE50,000 on Thursday,…
Negotiations underway to secure Russian wheat supplies
December 20, 2010
Negotiations underway to secure Russian wheat supplies
Trade and Industry Minister Rachid Mohamed Rachid, at a press conference with his Russian counterpart on Monday, said Egypt is…
Airport shuttle damaged in storm to be replaced by French manufacturer
December 20, 2010
Airport shuttle damaged in storm to be replaced by French manufacturer
Cairo Airport Company Chairman Hassan Rashed has decided to send the electric shuttle train intended to link Cairo International Airport’s…
Minister: 90% of tourist investments Egyptian-owned
December 20, 2010
Minister: 90% of tourist investments Egyptian-owned
Egyptians exclusively own 90 percent of Egypt’s investments in tourism, according to Minister of Tourism Zoheir Garranah. The minister noted…
VimpelCom’s US$6.6 bln Sawiris merger may fail on shareholder opposition
December 20, 2010
VimpelCom’s US$6.6 bln Sawiris merger may fail on shareholder opposition
Moscow--Vimpelcom's US$6.6 billion bid for telecoms assets owned by Weather Investments received a major setback on Monday when Norwegian shareholder…
Striking truck drivers destroy 9 vehicles; 80 strikers arrested
December 19, 2010
Striking truck drivers destroy 9 vehicles; 80 strikers arrested
Egyptian trucker drivers, who have now been on strike for ten consecutive days, have destroyed nine vehicles
Ministry: Egypt’s sugar reserve covers three months
December 19, 2010
Ministry: Egypt’s sugar reserve covers three months
The Ministry of Social Solidarity said the public-sector sugar company has a three month reserve. It says the company supplies…
Egypt drops cash cover requirement on sugar import
December 19, 2010
Egypt drops cash cover requirement on sugar import
Egypt's central bank said on Saturday it was exempting banks from a 50 percent cash cover requirement on sugar imports…
Egypt’s Arafa 9-month net profit more than doubles
December 19, 2010
Egypt’s Arafa 9-month net profit more than doubles
Arafa Holding, Egypt's biggest garment exporter, saw its net profit more than double in the nine-month period from February to…