Business
Orascom to do US$141m of work for Emaar Egypt unit
January 24, 2011
Orascom to do US$141m of work for Emaar Egypt unit
Cairo--Orascom Construction Industries, Egypt's biggest listed builder, said on Monday it has agreed to do LE800 million worth of work…
Govt earmarks LE4.3 billion for neediest villages
January 24, 2011
Govt earmarks LE4.3 billion for neediest villages
Investments worth LE4.3 billion have been allocated to complement the first phase of the 1000 Villages Poorest Initiative, the Egyptian…
IMF calls on Egypt to abolish subsidies on petroleum products
January 23, 2011
IMF calls on Egypt to abolish subsidies on petroleum products
The International Monetary Fund (IMF) has projected an increase in Egypt’s inflation rate, which, the organization noted, would further burden…
Egypt says Tunisia turmoil worrying investors
January 23, 2011
Egypt says Tunisia turmoil worrying investors
An Egyptian government minister warned that investors are beginning to question Egypt's stability due to fears that Tunisia's revolt could…
Egyptian importers protest customs holding goods for months
January 23, 2011
Egyptian importers protest customs holding goods for months
Dozens of importers of car spare parts protested before the People's Assembly on Sunday against customs authorities who have held…
Egypt’s trade deficit jumps by over 40% in one year
January 23, 2011
Egypt’s trade deficit jumps by over 40% in one year
Egypt's trade deficit climbed by 42.6 percent in October 2010 compared to the same month in 2009, the Central Agency…
Asian banks and companies compete to win Egypt nuclear tender
January 22, 2011
Asian banks and companies compete to win Egypt nuclear tender
Korean and Japanese companies and banks announced that they will submit bids for the construction of the first nuclear power…
Oil discoveries in Upper Egypt to fuel investments, says minister
January 22, 2011
Oil discoveries in Upper Egypt to fuel investments, says minister
Egypt's Oil Ministry said on Saturday it expected an influx of new investments and agreements from international companies for further…
Minister: Egypt’s commodity subsidies must not undermine economic reform
January 21, 2011
Minister: Egypt’s commodity subsidies must not undermine economic reform
Although state subsidies represent a pillar of Egypt’s economic policy, they must be reformed, while commodity subsidies must not be…