Business
Sawiris says committed to Italy telecoms
September 10, 2010
Sawiris says committed to Italy telecoms
Milan--Egyptian tycoon Naguib Sawiris said on Thursday he was committed to the Italian telecoms market, amid speculation that Russian group…
Antitrust Authority calls for regulation of organic products
September 9, 2010
Antitrust Authority calls for regulation of organic products
Antitrust Authority President Saeed al-Alfi has ordered a study of the quality of organic products sold on the market, saying…
Egyptian pound falls to lowest level against dollar since 2007
September 9, 2010
Egyptian pound falls to lowest level against dollar since 2007
The Egyptian pound has fallen steadily against the US dollar over the past two weeks, with analysts partly attributing the…
EGAS denies price reduction on gas exports to Israel
September 8, 2010
EGAS denies price reduction on gas exports to Israel
The state-run Egyptian National Gas Holding Company (EGAS) on Wednesday confirmed that prices for Egyptian natural gas exports to Israel…
Energy control center to undergo renovations worth LE100 million
September 8, 2010
Energy control center to undergo renovations worth LE100 million
Minister of Energy and Electricity Hassan Younis has signed a contract with a French company to renovate the National Energy…
Foreign firms in Algeria face stringent new rules
September 7, 2010
Foreign firms in Algeria face stringent new rules
The Algerian government has set stricter conditions on foreign corporations in Algeria, prompting fears of bankruptcy among some Egyptian firms…
Egypt’s wheat bill up, but bread riots unlikely
September 7, 2010
Egypt’s wheat bill up, but bread riots unlikely
Egypt, the world's biggest wheat importer, faces a higher bill for bread subsidies in the next year but has adequate…
Report: Local govt debt rises as subsidy expenditures fall
September 7, 2010
Report: Local govt debt rises as subsidy expenditures fall
A report issued Tuesday by the state budget monitoring committee revealed an LE107 billion
Political ambiguity may push Egyptian pound down
September 7, 2010
Political ambiguity may push Egyptian pound down
Egypt's currency seems unlikely to rebound substantially from 3-1/2 year lows any time soon because investor appetite for Egyptian assets…
CBE: Egypt scores BoP surplus for 2009/10
September 6, 2010
CBE: Egypt scores BoP surplus for 2009/10
Egypt's foreign balance of payments recorded a US$3.36 billion