Business

TMG resists proposal to purchase land at marked-up prices

TMG resists proposal to purchase land at marked-up prices

The Talaat Mustafa Group (TMG), owner of land earmarked for the Madinaty urban development project, welcomed recommendations made by a…
Egypt’s PM: Madinaty land to be reallocated to TMG

Egypt’s PM: Madinaty land to be reallocated to TMG

Egypt's Prime Minister said on Thursday the government would reallocate the land for Talaat Moustafa's Madinaty project back to the…
Egyptian economy to grow by 6% by next year, says prime minister

Egyptian economy to grow by 6% by next year, says prime minister

Egyptian Prime Minister Ahmed Nazif on Thursday said Egypt will enjoy a growth rate of 6 percent by the end…
Report identifies causes of endemic train catastrophes

Report identifies causes of endemic train catastrophes

A report by the Ministry of Transport's railway safety unit has identified 20 causes for train accidents during the year…
Egypt’s Sewedy Cables bullish on Europe, eyes Brazil

Egypt’s Sewedy Cables bullish on Europe, eyes Brazil

Egyptian group El Sewedy Cables said on Wednesday it is increasing output this year and the next on the back…
Telecom authority struggles to assess mobile-phone service quality

Telecom authority struggles to assess mobile-phone service quality

Egypt's Telecommunications Regulatory Authority (TRA), in press statements made Tuesday, said it had not yet established a means of assessing…
Egypt court sets hearing date for Palm Hills suit

Egypt court sets hearing date for Palm Hills suit

The Egyptian Administrative Court has set 26 October as the first day of a trial in a lawsuit challenging one…
Govt announces first petroleum services company in Sinai

Govt announces first petroleum services company in Sinai

Minister of Petroleum Sameh Fahmi has announced the establishment of the first petroleum services company in Sinai. Half of the…
Mohieddin to stay on as Investment Minister until October

Mohieddin to stay on as Investment Minister until October

Egyptian Investment Minister Mahmoud Mohieddin, who was nominated two months ago for the position of World Bank executive director, said…
Egypt contractors in Algeria mull closing shop due to new bidding rules

Egypt contractors in Algeria mull closing shop due to new bidding rules

A number of Egyptian contractors working in Algeria are seriously thinking about closing their businesses due to stringent new regulations…
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