Business
Man killed in Naga Hammadi bread line
August 16, 2010
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
August 16, 2010
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%
August 16, 2010
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
August 16, 2010
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…
No need to rely on multinationals for oil exploration, USGS advises Egypt
August 15, 2010
No need to rely on multinationals for oil exploration, USGS advises Egypt
The US Geological Survey (USGS) has advised Egypt not to grant oil exploration concessions--or any share of its oil production--to…
Commodity prices lower inside consumer cooperatives
August 15, 2010
Commodity prices lower inside consumer cooperatives
The Food Industries Holding Company reported that consumer cooperatives did not raise prices as announced for Ramadan. Prices inside co-ops…
Al-Rayan granted extension on payment of LE900,000
August 15, 2010
Al-Rayan granted extension on payment of LE900,000
Jailed businessman Ahmed el-Rayan was granted a grace period until Tuesday in order to pay back LE900,000, which he is…
NDP official: Energy subsidy reductions still subject to debate
August 15, 2010
NDP official: Energy subsidy reductions still subject to debate
The notion of lifting subsidies on energy products remains subject to discussion and debate among representatives of various ministries within…
Ruling party calls for abolishment of petroleum subsidy
August 14, 2010
Ruling party calls for abolishment of petroleum subsidy
The energy committee of the National Democratic Party has called for the abolition of the subsidies on petroleum products over…
US attaché: Egypt acts forcefully to replace Russian wheat
August 13, 2010
US attaché: Egypt acts forcefully to replace Russian wheat
Washington--Egypt's main state wheat buyer is "moving aggressively" to replace 540,000 tones of wheat contracts canceled by Russia's ban on…