Business
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…
Jordan levies import tax in a move to undermine Egypt, analysts suspect
October 4, 2010
Jordan levies import tax in a move to undermine Egypt, analysts suspect
The Jordanian government says it will now charge import taxes on its ceramics imports. But the country will exempt 60…
Orascom, VimpelCom, agree to combine phone operations
October 4, 2010
Orascom, VimpelCom, agree to combine phone operations
Amsterdam--VimpelCom Ltd., Russia’s second- largest mobile-phone operator, and Egyptian billionaire Naguib Sawiris agreed to merge their phone assets in a…
Egypt exchange halts trading in Orascom Telecom
October 4, 2010
Egypt exchange halts trading in Orascom Telecom
Trading in mobile phone service provider Orascom Telecom's shares was halted on the Egyptian stock exchange Monday as the bourse…
Ministry official: Egypt has extra wheat reserves set aside for ‘times of crisis’
October 3, 2010
Ministry official: Egypt has extra wheat reserves set aside for ‘times of crisis’
Egypt has additional stocks of wheat set aside for "times of crisis," a senior trade ministry official said Sunday.
IDSC: 339,600 automobile license plates issued within year
October 3, 2010
IDSC: 339,600 automobile license plates issued within year
Between June 2009 and June 2010, a total of 339,600 new personal license plates were issued by Egypt's Department of…
Algiers halts evaluation of Djezzy, Orascom Telecom shares rise
October 3, 2010
Algiers halts evaluation of Djezzy, Orascom Telecom shares rise
Shares in Egypt's blue-chip Orascom Telecom (OT) rose on the local stock market on Sunday after it emerged that the…
CBE: Meat and poultry price hikes exceed global standards
October 3, 2010
CBE: Meat and poultry price hikes exceed global standards
A statement issued Saturday by the Central Bank of Egypt (CBE) admitted that recent hikes in meat and poultry prices,…
Global gold prices reach record high
September 30, 2010
Global gold prices reach record high
An ounce of gold registered at a record high US$1311 during yesterday’s transactions in Asia. Investors showed eagerness to purchase…
Minister: Egypt’s poverty rate stands at 20%.
September 30, 2010
Minister: Egypt’s poverty rate stands at 20%.
Egypt’s Minister of Economic Development, Othman Mohamed Othman, said that the government managed to cut down abject poverty rates to…