Business
Government to auction off state-owned land lots
December 13, 2010
Government to auction off state-owned land lots
Urban Development Authority CEO Ibrahim al-Agamy on Monday said the government decided to auction state-owned land for investment. In Sinai,…
Egypt-based company wins bid for Ethiopia tunnels
December 13, 2010
Egypt-based company wins bid for Ethiopia tunnels
Company Al-Mokawloon Al-Arab "Arab Contractors" won a bid for US$35 million to build tunnels in the Ethiopian capital Addis Ababa.…
Following truckers’ strike, Finance Ministry reverses move to raise cargo taxes
December 13, 2010
Following truckers’ strike, Finance Ministry reverses move to raise cargo taxes
The Egyptian Finance Ministry has reversed an earlier decision to raise taxes on cargo transport after truck drivers staged a…
Ministers approve plan to attract UAE investment
December 13, 2010
Ministers approve plan to attract UAE investment
The Council of Ministers approved a plan to attract United Arab Emirates (UAE) investment to Egypt. It also agreed to…
Egypt seeks billions in public-private partnerships
December 13, 2010
Egypt seeks billions in public-private partnerships
Egypt plans to offer billions of dollars worth of transport, energy and other projects in partnership with private firms over…
Egypt, Abu Dhabi Fund sign US$49 million loan deal for power plant
December 13, 2010
Egypt, Abu Dhabi Fund sign US$49 million loan deal for power plant
Egypt signed a loan agreement with Abu Dhabi Fund for Development worth 285 million Egyptian pounds (US$49.2 million) that will…
Germany pledges additional funds for High Dam project
December 13, 2010
Germany pledges additional funds for High Dam project
The German government signed an agreement extending €4.345 million in additional loans to Egypt for work on a project aiming…
Egypt gas deal overshadows Israel Tamar project
December 13, 2010
Egypt gas deal overshadows Israel Tamar project
Tel Aviv--Subsidiaries of conglomerate Israel Corp are to buy Egyptian natural gas in a 20-year deal worth between US$5 billion…
Egypt’s truckers’ strike threatens a bread crisis
December 12, 2010
Egypt’s truckers’ strike threatens a bread crisis
The Land Transportation Association said the government has so far incurred LE500 million in direct and indirect losses resulting from…
Low temperatures drive up crop prices
December 12, 2010
Low temperatures drive up crop prices
The current cold snap has caused the prices of vegetables and fruits to rise due to shortages of supply, according…