Business

Cotton prices reach new high prior to end of season

Cotton prices reach new high prior to end of season

Cotton prices have reached a new high, according to a number of cotton industry employees in Alexandria. The price of…
Govt official blames spate of power cuts on gas sales to Israel

Govt official blames spate of power cuts on gas sales to Israel

Independent local media on Wednesday quoted an unnamed government official who blamed Egyptian sales of natural gas to Israel for…
Egypt’s wheat dilemma

Egypt’s wheat dilemma

Egypt, the world’s second biggest importer of wheat, is seeking alternative suppliers, while agriculture experts say it’s about time to…
The advantages of usufruct ownership of land

The advantages of usufruct ownership of land

A recent study has highlighted the benefits of offering land to investors on a usufruct basis.Under the usufruct system, land…
Govt to import Argentinean wheat to offset Russian export ban

Govt to import Argentinean wheat to offset Russian export ban

Trade and Industry Minister Rachid Mohamed Rachid has announced that the government may resume importing wheat from Argentina after several…
Gold hits US$1220 per ounce on fears of slow global recovery

Gold hits US$1220 per ounce on fears of slow global recovery

Gold prices broke the US$1220-per-ounce mark on European markets on Monday, representing their highest level since early July.
Man killed in Naga Hammadi bread line

Man killed in Naga Hammadi bread line

A young man was killed on Sunday in a fight over a loaf of bread in front of a bakery…
Suez Canal sees highest profit since world crisis

Suez Canal sees highest profit since world crisis

On Friday the Suez Canal achieved its biggest daily income since the start of the world financial crisis in 2008,…
EFG Hermes: 2010 trading in regional markets down by 40%

EFG Hermes: 2010 trading in regional markets down by 40%

A recently issued financial report shows that regional stock markets saw a nearly 50-percent decline in trading during the second…
Cement company requests permission to import gas

Cement company requests permission to import gas

In an unprecedented move, the Egyptian Cement Company has officially demanded permission from the Ministry of Petroleum to import either…
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