Business

Fog brings Suez Canal traffic to temporary standstill

Fog brings Suez Canal traffic to temporary standstill

Ferries between Port Said and Port Fouad had to dock due to heavy fog that blurred visibility for 20 meters,…
Egypt’s Mobinil 200,000 clients sign up for mobile ads

Egypt’s Mobinil 200,000 clients sign up for mobile ads

Paris--The long awaited uptake of the potentially lucrative mobile advertising market by advertisers and consumers has actually started to happen,…
Vimpelcom close to mandating US$4 bln loan

Vimpelcom close to mandating US$4 bln loan

London--Russian telecom Vimpelcom is expected to mandate banks imminently to arrange a US$4 billion loan to part finance its US$6.6…
Egyptian investors in Sudan brace for looming referendum on south

Egyptian investors in Sudan brace for looming referendum on south

Egyptian companies with investments in Sudan are considering several possible scenarios for dealing with the outcome of a 9 January…
Minister of Trade calls for eliminating corruption

Minister of Trade calls for eliminating corruption

Minister of Industry and Trade Rachid Mohamed Rachid on Wednesday welcomed steps by authorities to institute a commercial code of…
Egypt keeps gas exports steady in 2010 amid low prices

Egypt keeps gas exports steady in 2010 amid low prices

Doha--Egypt's gas exports this year will be unchanged from 2009, as the low prices do not encourage further sales, the…
Public, private sector jobs ops fall by 46% in October

Public, private sector jobs ops fall by 46% in October

A Cabinet Information Center report revealed a 46 percent drop in the number of public and private sector job opportunities…
Tax Authority seizes Omar Effendi bank funds for unpaid taxes

Tax Authority seizes Omar Effendi bank funds for unpaid taxes

Head of the Omar Effendi workers syndicate Mohamed Gobaily announced that the Tax Authority had seized control of the department…
Egypt and Iran strike deal to salvage joint firm

Egypt and Iran strike deal to salvage joint firm

Egyptian and Iranian officials have reached a deal to restructure the Egypt-Iran Company for Spinning and Weaving, after Egypt failed…
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