Business

Egypt ranks 9th on annual ‘Economic World Freedom’ report

Egypt ranks 9th on annual ‘Economic World Freedom’ report

Egypt has been ranked ninth on the 2010 Economic Freedom of the World Report, produced by the Fraser Institute. The…
Fourth metro line to cost US$1.5 bn, financing yet to be confirmed

Fourth metro line to cost US$1.5 bn, financing yet to be confirmed

The Ministry of Transport is seeking presidential approval to request a Japanese loan to finance the first phase of a…
New owner of Omar Effendi says govt agreed to sale

New owner of Omar Effendi says govt agreed to sale

Mohamed Metwali, the new owner of Omar Effendi and head of the Arab Company for Investment and Development (AICR), said…
Egypt moves up on global consumer confidence index

Egypt moves up on global consumer confidence index

Egypt ranked 21st worldwide on the Nielsen Global Consumer Confidence Index for the third quarter of 2010, according to Nielsen…
Govt to purchase Egyptian maize at higher price to cope with global hike

Govt to purchase Egyptian maize at higher price to cope with global hike

The government intends to pay a higher price for maize purchased from local peasants in order to cope with rising…
Allam visits south Sudan to launch Egyptian water resource projects

Allam visits south Sudan to launch Egyptian water resource projects

Egyptian Minister of Water Resources and Irrigation, Mohamed Nasr Eddin Allam, on Monday will visit southern Sudan to initiate a…
Walid Bin Talal company will not grow wheat in Toshka

Walid Bin Talal company will not grow wheat in Toshka

Al-Mamlaka, an agricultural development company owned by Saudi Prince Walid Bin Talal, has announced that it will grow fruit and…
Egypt’s government faces new state land challenge

Egypt’s government faces new state land challenge

An Egyptian lawyer has filed suit against Egypt's prime minister and tourism minister challenging a deal with real estate firm…
Carlyle Group eyeing Egypt, Morocco investments

Carlyle Group eyeing Egypt, Morocco investments

Marrakech-- US buyout fund Carlyle Group plans to invest about US$300 million in the Middle East and North Africa within…
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