Business
Citigroup cuts Egypt’s OCI to sell
September 2, 2010
Citigroup cuts Egypt’s OCI to sell
Citigroup downgraded Egypt's Orascom Construction Industries (OCI) to "sell" from "hold," saying ongoing fierce competition across the Middle East and…
Egypt mulls gas imports from Iraq, Qatar to supply local industry
September 2, 2010
Egypt mulls gas imports from Iraq, Qatar to supply local industry
Egypt’s Supreme Energy Council has tasked the ministries of foreign affairs, petroleum and industry with studying the possible import of…
Economists call for govt price controls to offset inflation
September 2, 2010
Economists call for govt price controls to offset inflation
Local economy experts are proposing that the government adopt mechanisms aimed at controlling skyrocketing retail prices, including mandatory pricing schemes…
Consortium: Egypt capable of producing cement needed for nuke reactor
September 1, 2010
Consortium: Egypt capable of producing cement needed for nuke reactor
A consortium of multinational companies comprised of KHD (Germany), ABB (Switzerland) and UZIN (Romania) have submitted a feasibility study to…
Economists fear impact of Egypt pound’s slide against dollar
September 1, 2010
Economists fear impact of Egypt pound’s slide against dollar
After declining sharply since mid-July, the Egyptian pound fell to 5.69 against the US dollar on Wednesday, representing its lowest…
Egypt’s TMG buys out al-Waleed bin Talal’s share of Cairo Four Seasons
September 1, 2010
Egypt’s TMG buys out al-Waleed bin Talal’s share of Cairo Four Seasons
Talaat Moustafa Group's(TMG) Arab Company for Hotels and Tourism Investment said Wednesday it signed a deal to buyout Kingdom Holding…
Successful Arctic passage may spell trouble for Suez traffic, warn experts
September 1, 2010
Successful Arctic passage may spell trouble for Suez traffic, warn experts
Moscow--In an effort to avoid passage through the Suez Canal, a Russian gas tanker has succeeded in breaking through the…
Suez Canal scores highest monthly profits in two years
September 1, 2010
Suez Canal scores highest monthly profits in two years
August recorded the Suez Canal’s largest monthly profits since the start of the global financial crisis in November 2008, according…
Communications Minister says no mobile phone money transfer soon
August 31, 2010
Communications Minister says no mobile phone money transfer soon
Phone companies will not be permitted to provide mobile money transfer services until adequate security provisions are implemented, Minister of…
The government pledges LE38 million for fine arts investments
August 31, 2010
The government pledges LE38 million for fine arts investments
An official source at the Ministry of Economic Development said LE38 million have been allocated to the fine arts sector…