Business
Textile workers end protest
September 4, 2010
Textile workers end protest
Two days ago, dozens of workers from four textile companies--Misr-Iran, Mansoura-Spain, Shibeen Spinning and Mahalla Spinning--ended an open-ended sit-in they…
Committee to formulate new exceptional pension law
September 4, 2010
Committee to formulate new exceptional pension law
Minister of Finance Youssef Boutros-Ghali has decided to set up a committee to formulate a new draft law on exceptional…
Egypt wheat reserves to last five months
September 3, 2010
Egypt wheat reserves to last five months
Egypt’s wheat reserves will last until the end of January, said Ahmed al-Rakaiby, head of Egypt's wheat committee."The safe strategic…
Egypt imports 100 megawatts of Jordanian electricity in single day
September 2, 2010
Egypt imports 100 megawatts of Jordanian electricity in single day
Jordan on Tuesday announced it had exported between 50 and 100 megawatts of electricity to Egypt via the shared Inter-Arab…
Citigroup cuts Egypt’s OCI to sell
September 2, 2010
Citigroup cuts Egypt’s OCI to sell
Citigroup downgraded Egypt's Orascom Construction Industries (OCI) to "sell" from "hold," saying ongoing fierce competition across the Middle East and…
Egypt mulls gas imports from Iraq, Qatar to supply local industry
September 2, 2010
Egypt mulls gas imports from Iraq, Qatar to supply local industry
Egypt’s Supreme Energy Council has tasked the ministries of foreign affairs, petroleum and industry with studying the possible import of…
Economists call for govt price controls to offset inflation
September 2, 2010
Economists call for govt price controls to offset inflation
Local economy experts are proposing that the government adopt mechanisms aimed at controlling skyrocketing retail prices, including mandatory pricing schemes…
Consortium: Egypt capable of producing cement needed for nuke reactor
September 1, 2010
Consortium: Egypt capable of producing cement needed for nuke reactor
A consortium of multinational companies comprised of KHD (Germany), ABB (Switzerland) and UZIN (Romania) have submitted a feasibility study to…
Economists fear impact of Egypt pound’s slide against dollar
September 1, 2010
Economists fear impact of Egypt pound’s slide against dollar
After declining sharply since mid-July, the Egyptian pound fell to 5.69 against the US dollar on Wednesday, representing its lowest…
Egypt’s TMG buys out al-Waleed bin Talal’s share of Cairo Four Seasons
September 1, 2010
Egypt’s TMG buys out al-Waleed bin Talal’s share of Cairo Four Seasons
Talaat Moustafa Group's(TMG) Arab Company for Hotels and Tourism Investment said Wednesday it signed a deal to buyout Kingdom Holding…