Business

Orascom Telecom sees 400-percent surge in N. Korea mobile business

Orascom Telecom sees 400-percent surge in N. Korea mobile business

Mobile phone service subscriptions in Orascom Telecom's North Korean joint venture climbed over 400 per cent in the 12-month period…
Q&A with the head of the Consumer Protection Agency

Q&A with the head of the Consumer Protection Agency

In the following Interview, head of the Consumer Protection Agency Saeed al-Alfi discusses a Ministry of Industry and Trade decision…
Vimpelcom seeks loan to buy OT, Wind

Vimpelcom seeks loan to buy OT, Wind

Russian mobile operator Vimpelcom is trying to secure a US$4 billion loan in order to fund a merger with the…
Elections don’t influence the real estate market, say experts

Elections don’t influence the real estate market, say experts

Real estate expert Mohamed Ghazlan Harb said parliamentary elections will not impact the market as all candidates are unlikely or…
Finance Ministry considers Customs Law amendments

Finance Ministry considers Customs Law amendments

The Ministry of Finance is considering a set of Customs Law amendments to hone procedures for vehicle customs clearance, sources…
Minister unveils new agriculture plan to avert crop waste

Minister unveils new agriculture plan to avert crop waste

Egyptian Minister of Agriculture Amin Abaza, at a celebration held on the occasion of World Food Day, announced that his…
Bank official: CBE not behind Egypt pound surge against dollar

Bank official: CBE not behind Egypt pound surge against dollar

The recent jump in the Egyptian pound's value against the US dollar was not caused by intervention on the part…
Egypt’s elections presses economy, say experts

Egypt’s elections presses economy, say experts

Massive expenditure ahead of the parliamentary and presidential elections is slowing down the government’s ability to accelerate economic reforms, analysts…
Foreign experts demand decrease in Egyptian energy prices

Foreign experts demand decrease in Egyptian energy prices

Foreign experts and investors are demanding that Egypt lower its energy prices, saying that Egypt's prices are the second only…
Minister: LE7 billion spent on Toshka with few tangible returns

Minister: LE7 billion spent on Toshka with few tangible returns

Although the government has spent some LE7 billion on the Toshka land reclamation project, only 60,000 acres of land have…
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