Business
Telecom Egypt wants termination of its mandated subsidies
August 30, 2010
Telecom Egypt wants termination of its mandated subsidies
Telecom Egypt has formally requested termination of its LE100 million annual subsidy to ADSL service providers, an industry source told…
Egypt’s ASCOM says found gold targets in Ethiopia
August 30, 2010
Egypt’s ASCOM says found gold targets in Ethiopia
Egypt's ASEC Company for Mining (ASCOM) has said it had found two gold mining targets in an Ethiopian concession with…
Banks vie to fund Egypt’s first nuclear project
August 30, 2010
Banks vie to fund Egypt’s first nuclear project
A number of local banks plan to amend their credit policies in order meet the requirements to finance Egypt’s first…
CBE: Overseas investment by Egyptian banks decline sharply
August 29, 2010
CBE: Overseas investment by Egyptian banks decline sharply
Overseas investment made by Egyptian banks dwindled in the first half of 2010 by nearly 22.7 percent, with a nearly…
Government to expand sources for imported meat
August 29, 2010
Government to expand sources for imported meat
The Ministry of Agriculture and Land Reclamation has concluded a new plan aiming to diversify sources for imported livestock and…
Third phase of cab project to replace another 50,000 old cars
August 28, 2010
Third phase of cab project to replace another 50,000 old cars
The Ministry of Finance announced that preparations are ongoing for the third phase of a project to replace old cabs.…
Agriculture Ministry proposes new rules for state-owned land deals
August 26, 2010
Agriculture Ministry proposes new rules for state-owned land deals
Al-Masry Al-Youm has obtained a copy of an Agriculture
Local steel, cement plants to lose power at peak hours
August 26, 2010
Local steel, cement plants to lose power at peak hours
The Ministry of Electricity and Energy has agreed with local steel and cement factories to temporarily cut their electricity during…
PM: Prices have risen, but so have incomes
August 26, 2010
PM: Prices have risen, but so have incomes
Inflationary trends in the local economy have been accompanied by increases in workplace wages, Prime Minister Ahmed Nazif said on…
Cement plants will need to provide their own energy, say government sources
August 26, 2010
Cement plants will need to provide their own energy, say government sources
Licenses issued for building new cement factories will require investors to independently secure energy needs, according to an announcement from…