Business
Egypt-Saudi trade hits US$2 billion in first half of this year
October 7, 2010
Egypt-Saudi trade hits US$2 billion in first half of this year
The volume of trade between Egypt and Saudi Arabia during the first half of this year came to a total…
The iPhone 4 Cairo craze lingers on
October 6, 2010
The iPhone 4 Cairo craze lingers on
Droves of people turning out to purchase the iPhone 4--made available last week by Cairo's mobile operators--are marking a mobile…
Sharp rise in Israeli tourism coupled with sharper decline in Algerian visitors, report says
October 6, 2010
Sharp rise in Israeli tourism coupled with sharper decline in Algerian visitors, report says
Egyptian Ministry of Tourism statistics reveal a 12.6 percent increase in the number of Israeli tourists visiting Egypt between 2009…
Minister vows to maintain food, petrol subsidies
October 5, 2010
Minister vows to maintain food, petrol subsidies
State subsidies on food and petroleum products will not be subject to any decreases, Social Solidarity Minister Ali al-Meselhi announced…
No plans to ditch Egyptian workforce, says Saudi official
October 5, 2010
No plans to ditch Egyptian workforce, says Saudi official
Saudi Arabia receives approximately 540,000 Egyptian pilgrims annually, according to Secretary General for the Council of Saudi Chambers of Commerce…
Sawiris to found new company for assets excluded from recent merger
October 5, 2010
Sawiris to found new company for assets excluded from recent merger
Naguib Sawiris, chairman of Orascom Telecom (OT) and CEO of Weather Investments, has announced plans to establish a new company…
Jordan levies import tax in a move to undermine Egypt, analysts suspect
October 4, 2010
Jordan levies import tax in a move to undermine Egypt, analysts suspect
The Jordanian government says it will now charge import taxes on its ceramics imports. But the country will exempt 60…
Orascom, VimpelCom, agree to combine phone operations
October 4, 2010
Orascom, VimpelCom, agree to combine phone operations
Amsterdam--VimpelCom Ltd., Russia’s second- largest mobile-phone operator, and Egyptian billionaire Naguib Sawiris agreed to merge their phone assets in a…
Egypt exchange halts trading in Orascom Telecom
October 4, 2010
Egypt exchange halts trading in Orascom Telecom
Trading in mobile phone service provider Orascom Telecom's shares was halted on the Egyptian stock exchange Monday as the bourse…
Ministry official: Egypt has extra wheat reserves set aside for ‘times of crisis’
October 3, 2010
Ministry official: Egypt has extra wheat reserves set aside for ‘times of crisis’
Egypt has additional stocks of wheat set aside for "times of crisis," a senior trade ministry official said Sunday.