Business
Report: TE squandered public funds through extravagant bonus payouts
September 28, 2010
Report: TE squandered public funds through extravagant bonus payouts
Fixed-line provider Telecom Egypt (TE) "squandered public funds" by providing its executives with extravagant bonuses in 2009 despite chalking up…
Minister: Egypt bond market reforms almost complete
September 28, 2010
Minister: Egypt bond market reforms almost complete
Egypt is close to completing a new legal framework for its secondary bond market and is taking other measures to…
Minister downplays Egypt’s slide on global competition index
September 27, 2010
Minister downplays Egypt’s slide on global competition index
Trade and Industry Minister Rachid Mohamed Rachid said the fact that Egypt's position had fallen on this year's global competitiveness…
Global trade body urges Egypt to abolish energy subsidies
September 27, 2010
Global trade body urges Egypt to abolish energy subsidies
Michele Ruta, economy expert at the research and statistics division of the International Trade Organization (ITO), has called on the…
Japan and World Bank to develop Egypt’s water and sewage systems
September 27, 2010
Japan and World Bank to develop Egypt’s water and sewage systems
The World Bank (WB) and Japan announced they are preparing a plan to help Egypt develop its drinking and waste…
Report: Local fruit, vegetable production down 70% on year
September 26, 2010
Report: Local fruit, vegetable production down 70% on year
Local production of fruits and vegetables has fallen by more than 70 percent compared to last year, according to a…
Saudi prince cultivated only 1% of his Toshka Project land
September 26, 2010
Saudi prince cultivated only 1% of his Toshka Project land
Ibrahim al-Agami, executive director for the General Authority for Reconstruction Projects and Agricultural Development, an affiliate of the Ministry of…
Experts anticipate 40% increase in airfares next year
September 26, 2010
Experts anticipate 40% increase in airfares next year
Aviation officials have confirmed ticket prices will increase by 30-40 percent in 2011. They attributed the rise to expectations that…
US report: Egypt has large reserves of natural gas
September 26, 2010
US report: Egypt has large reserves of natural gas
The Deputy of Investment Affairs for the Ministry of Petroleum Ahmed Ashmawi announced that Egypt will move to sixth place…
Mubarak accepts Mohieldin’s resignation, Rachid to lead Ministry of Investment
September 25, 2010
Mubarak accepts Mohieldin’s resignation, Rachid to lead Ministry of Investment
Minister of Investment Mahmoud Mohieldin announced that he will attend his last official meeting as minister next Sunday, as part…