Business
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…
Successful Arctic passage may spell trouble for Suez traffic, warn experts
September 1, 2010
Successful Arctic passage may spell trouble for Suez traffic, warn experts
Moscow--In an effort to avoid passage through the Suez Canal, a Russian gas tanker has succeeded in breaking through the…
Suez Canal scores highest monthly profits in two years
September 1, 2010
Suez Canal scores highest monthly profits in two years
August recorded the Suez Canal’s largest monthly profits since the start of the global financial crisis in November 2008, according…
Communications Minister says no mobile phone money transfer soon
August 31, 2010
Communications Minister says no mobile phone money transfer soon
Phone companies will not be permitted to provide mobile money transfer services until adequate security provisions are implemented, Minister of…
The government pledges LE38 million for fine arts investments
August 31, 2010
The government pledges LE38 million for fine arts investments
An official source at the Ministry of Economic Development said LE38 million have been allocated to the fine arts sector…
Telecom Egypt wants termination of its mandated subsidies
August 30, 2010
Telecom Egypt wants termination of its mandated subsidies
Telecom Egypt has formally requested termination of its LE100 million annual subsidy to ADSL service providers, an industry source told…
Egypt’s ASCOM says found gold targets in Ethiopia
August 30, 2010
Egypt’s ASCOM says found gold targets in Ethiopia
Egypt's ASEC Company for Mining (ASCOM) has said it had found two gold mining targets in an Ethiopian concession with…
Banks vie to fund Egypt’s first nuclear project
August 30, 2010
Banks vie to fund Egypt’s first nuclear project
A number of local banks plan to amend their credit policies in order meet the requirements to finance Egypt’s first…
CBE: Overseas investment by Egyptian banks decline sharply
August 29, 2010
CBE: Overseas investment by Egyptian banks decline sharply
Overseas investment made by Egyptian banks dwindled in the first half of 2010 by nearly 22.7 percent, with a nearly…
Government to expand sources for imported meat
August 29, 2010
Government to expand sources for imported meat
The Ministry of Agriculture and Land Reclamation has concluded a new plan aiming to diversify sources for imported livestock and…