Business
TMG resists proposal to purchase land at marked-up prices
September 23, 2010
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
September 23, 2010
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
September 23, 2010
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
September 23, 2010
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
September 22, 2010
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
September 22, 2010
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
September 22, 2010
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
September 22, 2010
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
September 21, 2010
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
September 21, 2010
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…