Business
Prime Minister blames vegetable price hikes on inclement weather
October 12, 2010
Prime Minister blames vegetable price hikes on inclement weather
Egyptian Prime Minister Ahmed Nazif blamed the recent increase in vegetable prices and a resultant rise in inflation on spoiled…
CBE: Annual inflation rate fell to 7.59% in September
October 12, 2010
CBE: Annual inflation rate fell to 7.59% in September
Egypt's basic inflation rate increased by 0.22 percent in September while the annual rate fell to 7.59 percent during the…
Soaring vegetable prices strain household budgets in governorates
October 11, 2010
Soaring vegetable prices strain household budgets in governorates
Vegetable prices continued to rise this week in governorates throughout Egypt, with per-kilo tomato prices reaching LE13; garlic LE9; cucumbers…
Egypt court sets date for TMG Madinaty challenge
October 11, 2010
Egypt court sets date for TMG Madinaty challenge
An Egyptian court will hear a lawsuit on 9 November challenging a government plan to end a row over Talaat…
International tender for Dabaa reactor slated for November
October 11, 2010
International tender for Dabaa reactor slated for November
Al-Masry Al-Youm learned Tuesday the Ministry of Electricity is preparing to launch an international tender to help cover the expected…
Committee to present legal findings on state land violations by year-end
October 11, 2010
Committee to present legal findings on state land violations by year-end
The government has set a December deadline for a technical committee formed by the Agriculture
Electrolux to buy Egypt’s biggest appliance maker
October 11, 2010
Electrolux to buy Egypt’s biggest appliance maker
Stockholm--Sweden's Electrolux said on Monday it has agreed to buy Egypt's Olympic Group, the biggest appliance maker in the Middle…
Sawiris to take break from business, shift focus to charity work
October 10, 2010
Sawiris to take break from business, shift focus to charity work
Egyptian business tycoon Naguib Sawiris on Sunday said that, after nearly 35 years of wheeling and dealing, he planned to…
Egypt’s inflation rises to 11% amid food price hikes
October 10, 2010
Egypt’s inflation rises to 11% amid food price hikes
Egypt's inflation notched up slightly to 11 percent in September, the government said Sunday, amid complaints about rising food prices.Urban…
Govt encourages commodity importation to offset price hikes
October 10, 2010
Govt encourages commodity importation to offset price hikes
The government has adopted a number of measures aimed to encourage meat, poultry and rice importation, sources confirmed. The move…