Business
20 states establish cross-Mediterranean power network
December 22, 2010
20 states establish cross-Mediterranean power network
International representatives in Amman, Jordan have declared the establishment of Med Grid, a gathering of 20 European and Arab states…
Global financial crisis delays slashing of Egyptian budget deficit
December 21, 2010
Global financial crisis delays slashing of Egyptian budget deficit
The international financial crisis will prevent regulatory officials from cutting Egypt's budget deficit to the targeted 3 percent in 2011,…
Egypt announces a 11.4% rise in Suez Canal revenues in 2010
December 21, 2010
Egypt announces a 11.4% rise in Suez Canal revenues in 2010
Egypt’s Suez Canal Authority declared a 11.4 percent rise in the canal revenues during 2010 as compared with 2009. Head…
Govt to devise local strategy to keep wheat at safe levels
December 21, 2010
Govt to devise local strategy to keep wheat at safe levels
The Ministry of Social Solidarity said authorities are developing a new strategy to encourage farmers to supply locally-grown wheat to…
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…