Business
Read Sea governor urges regulations on local fishing industry
December 9, 2010
Read Sea governor urges regulations on local fishing industry
Red Sea Governor Magdy Qoubeissy has urged local fishermen to pursue work in the tourism field, citing a severe declined…
Egypt November inflation dips to lowest in 15 months
December 9, 2010
Egypt November inflation dips to lowest in 15 months
Urban consumer price inflation in Egypt fell in the year to November to its lowest in 15 months, giving the…
Culture Ministry solicits bids for Grand Egypt Museum’s final stage
December 8, 2010
Culture Ministry solicits bids for Grand Egypt Museum’s final stage
The Ministry of Culture solicited bids on Thursday from four specialized companies that had won an international competition for carrying…
Egyptian wheat reserves enough to combat crisis
December 8, 2010
Egyptian wheat reserves enough to combat crisis
Egypt's strategic wheat reserves remain capable of combating Egypt's persistent wheat crisis, the Ministry of Trade and Industry recently said.…
Chambers of commerce: Sugar prices won’t decrease substantially
December 6, 2010
Chambers of commerce: Sugar prices won’t decrease substantially
“Sugar prices may not go up drastically,” said Chambers of Commerce Federation President Ahmed al-Wakil. “But they won’t go down…
CBE: Egypt’s forex reserves reach US$35.57 bn in November
December 6, 2010
CBE: Egypt’s forex reserves reach US$35.57 bn in November
Egypt's foreign currency reserves amounted to US$35.57 billion as of late November compared to US$35.545 billion one month earlier, the…
Egypt and Uganda sign agreement on power investment
December 6, 2010
Egypt and Uganda sign agreement on power investment
Egypt and Uganda on Monday signed a partnership agreement for investment in the field of power generation and distribution in…
Fog brings Suez Canal traffic to temporary standstill
December 5, 2010
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
December 4, 2010
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
December 4, 2010
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…