Business
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…
Saudi-Egypt power link to circumvent power cuts
October 9, 2010
Saudi-Egypt power link to circumvent power cuts
The Ministry of Electricity is inviting tenders for the construction of an Egypt to Saudi Arabia power grid link, at…
Government intervenes over vegetable prices
October 9, 2010
Government intervenes over vegetable prices
The price of fruits and vegetables continues to rise at an alarming rate. A kilo of tomatoes now costs LE15…
Government to decide next month on gas imports for factories
October 7, 2010
Government to decide next month on gas imports for factories
The question of whether to allow the import of gas for use by local factories is still under review by…
Egypt-Saudi trade hits US$2 billion in first half of this year
October 7, 2010
Egypt-Saudi trade hits US$2 billion in first half of this year
The volume of trade between Egypt and Saudi Arabia during the first half of this year came to a total…
The iPhone 4 Cairo craze lingers on
October 6, 2010
The iPhone 4 Cairo craze lingers on
Droves of people turning out to purchase the iPhone 4--made available last week by Cairo's mobile operators--are marking a mobile…
Sharp rise in Israeli tourism coupled with sharper decline in Algerian visitors, report says
October 6, 2010
Sharp rise in Israeli tourism coupled with sharper decline in Algerian visitors, report says
Egyptian Ministry of Tourism statistics reveal a 12.6 percent increase in the number of Israeli tourists visiting Egypt between 2009…
Minister vows to maintain food, petrol subsidies
October 5, 2010
Minister vows to maintain food, petrol subsidies
State subsidies on food and petroleum products will not be subject to any decreases, Social Solidarity Minister Ali al-Meselhi announced…
No plans to ditch Egyptian workforce, says Saudi official
October 5, 2010
No plans to ditch Egyptian workforce, says Saudi official
Saudi Arabia receives approximately 540,000 Egyptian pilgrims annually, according to Secretary General for the Council of Saudi Chambers of Commerce…
Sawiris to found new company for assets excluded from recent merger
October 5, 2010
Sawiris to found new company for assets excluded from recent merger
Naguib Sawiris, chairman of Orascom Telecom (OT) and CEO of Weather Investments, has announced plans to establish a new company…