Business

Report: Local fruit, vegetable production down 70% on year

Report: Local fruit, vegetable production down 70% on year

Local production of fruits and vegetables has fallen by more than 70 percent compared to last year, according to a…
Saudi prince cultivated only 1% of his Toshka Project land

Saudi prince cultivated only 1% of his Toshka Project land

Ibrahim al-Agami, executive director for the General Authority for Reconstruction Projects and Agricultural Development, an affiliate of the Ministry of…
Experts anticipate 40% increase in airfares next year

Experts anticipate 40% increase in airfares next year

Aviation officials have confirmed ticket prices will increase by 30-40 percent in 2011. They attributed the rise to expectations that…
US report: Egypt has large reserves of natural gas

US report: Egypt has large reserves of natural gas

The Deputy of Investment Affairs for the Ministry of Petroleum Ahmed Ashmawi announced that Egypt will move to sixth place…
Mubarak accepts Mohieldin’s resignation, Rachid to lead Ministry of Investment

Mubarak accepts Mohieldin’s resignation, Rachid to lead Ministry of Investment

Minister of Investment Mahmoud Mohieldin announced that he will attend his last official meeting as minister next Sunday, as part…
TMG resists proposal to purchase land at marked-up prices

TMG resists proposal to purchase land at marked-up prices

The Talaat Mustafa Group (TMG), owner of land earmarked for the Madinaty urban development project, welcomed recommendations made by a…
Egypt’s PM: Madinaty land to be reallocated to TMG

Egypt’s PM: Madinaty land to be reallocated to TMG

Egypt's Prime Minister said on Thursday the government would reallocate the land for Talaat Moustafa's Madinaty project back to the…
Egyptian economy to grow by 6% by next year, says prime minister

Egyptian economy to grow by 6% by next year, says prime minister

Egyptian Prime Minister Ahmed Nazif on Thursday said Egypt will enjoy a growth rate of 6 percent by the end…
Report identifies causes of endemic train catastrophes

Report identifies causes of endemic train catastrophes

A report by the Ministry of Transport's railway safety unit has identified 20 causes for train accidents during the year…
Egypt’s Sewedy Cables bullish on Europe, eyes Brazil

Egypt’s Sewedy Cables bullish on Europe, eyes Brazil

Egyptian group El Sewedy Cables said on Wednesday it is increasing output this year and the next on the back…
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