Business
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…
Govt stands firm on truckers’ tax
December 12, 2010
Govt stands firm on truckers’ tax
Sources from within the Egyptian Tax Authority ruled out the possibility of cancelling its recent decision to fine overloads and…
Govt pledges salary hikes for state employees amid continued protests
December 12, 2010
Govt pledges salary hikes for state employees amid continued protests
The Egyptian government intends to double the salaries of its state employees over the next five years, Minister of State…
Egyptian businessmen eye investment in Nile Basin
December 12, 2010
Egyptian businessmen eye investment in Nile Basin
The Egyptian Businessmen’s Association, a coalition of pro-business organizations, plans to carry out shuttle visits to Nile Basin countries in…
Egypt plans to build first nuclear plant by 2019
December 11, 2010
Egypt plans to build first nuclear plant by 2019
Egypt's minister of electricity says the country plans to build its first nuclear power and have it fully operational by…
Egypt’s nationwide truck drivers’ strike could push inflation up
December 11, 2010
Egypt’s nationwide truck drivers’ strike could push inflation up
Truck drivers have continued on Saturday to protest for a second day against a decision by the government to increase…