Business
Local steel, cement plants to lose power at peak hours
August 26, 2010
Local steel, cement plants to lose power at peak hours
The Ministry of Electricity and Energy has agreed with local steel and cement factories to temporarily cut their electricity during…
PM: Prices have risen, but so have incomes
August 26, 2010
PM: Prices have risen, but so have incomes
Inflationary trends in the local economy have been accompanied by increases in workplace wages, Prime Minister Ahmed Nazif said on…
Cement plants will need to provide their own energy, say government sources
August 26, 2010
Cement plants will need to provide their own energy, say government sources
Licenses issued for building new cement factories will require investors to independently secure energy needs, according to an announcement from…
Egypt pound reaches 3-1/2 year low against dollar
August 25, 2010
Egypt pound reaches 3-1/2 year low against dollar
The Egyptian pound reached a 3-1/2 year low against the dollar on Wednesday as risk-averse investors switched into US treasuries…
575,000 Egyptian Umrah pilgrims this year
August 25, 2010
575,000 Egyptian Umrah pilgrims this year
The Egyptian Ministry of Tourism announced Wednesday the number of Egyptian Umrah pilgrims to the Holy Land in Saudia Arabia rose…
Egypt considers reducing gas exports to offset local demand
August 24, 2010
Egypt considers reducing gas exports to offset local demand
Petroleum Minister Sameh Fahmy renewed his pledge to supply sufficient amounts of fuel-oil and natural gas to Egypt’s power stations…
Authorization granted to build four new ports on Nile
August 24, 2010
Authorization granted to build four new ports on Nile
The Ministry of Transport authorized construction of 4 new river ports along the Nile, after modifying "specifications" for such ports.…
Finance Ministry considers alternatives for financing wheat imports
August 24, 2010
Finance Ministry considers alternatives for financing wheat imports
The Ministry of Finance denied any intention to impose new taxes or borrow from abroad to create additional financial resources…
Egypt to issue new cement licenses
August 23, 2010
Egypt to issue new cement licenses
Egypt will offer new licenses for 12 cement production lines as it aims to boost cement output by 40 percent…
Egypt’s private sector buys 250,000 tons of French wheat
August 23, 2010
Egypt’s private sector buys 250,000 tons of French wheat
Paris--An unusually large volume of French wheat is being shipped to private millers in Egypt as an alternative to Russian…