Business
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…
Wheat prices drop, imports rise
September 30, 2010
Wheat prices drop, imports rise
The General Authority for Supply Commodities (GASC) announced yesterday that it has organized a public bid to be held Tuesday…
Egypt targets US$10 billion in outsourcing exports
September 29, 2010
Egypt targets US$10 billion in outsourcing exports
Egypt hopes to see a tenfold increase in exports from its growing outsourcing industry by 2020 and will boost its…
Orascom Algeria CEO questioned by police
September 29, 2010
Orascom Algeria CEO questioned by police
Egyptian mobile firm Orascom Telecom said on Wednesday its Algerian unit's chief executive had been called in by police for…
Egypt state pension fund to invest in private sector
September 29, 2010
Egypt state pension fund to invest in private sector
Egypt's state pension fund will begin directing billions of dollars into private investments when a new pension law comes into…
Finance minister tells Euromoney conference Egyptian economy poised for growth
September 29, 2010
Finance minister tells Euromoney conference Egyptian economy poised for growth
Egyptian Minister of Finance Youssef Botrous Ghali told the Euromoney conference yesterday Egypt’s local economy is expected to enjoy a…
Incoming parliament to discuss draft price-control legislation
September 28, 2010
Incoming parliament to discuss draft price-control legislation
The government plans to submit nine new draft laws aimed at controlling market prices for discussion in the upcoming session…