Business
Govt to continue raising energy prices
June 22, 2010
Govt to continue raising energy prices
The industrial energy pricing committee will meet today to decide on the percentage increase in the prices of natural gas…
Q&A: Investment Minister talks privatization, protests
June 21, 2010
Q&A: Investment Minister talks privatization, protests
Mahmoud Mohieldin, Egypt’s first-ever investment minister, appears to know how to take a joke--and a bit of criticism. Visitors to…
Sudan national carrier to sell 70% stake
June 21, 2010
Sudan national carrier to sell 70% stake
The Kuwaiti AREF investment group and the Sudanese Al-Fayhaa Company, which together own 70 percent of Sudanese national carrier Sudan…
Harrods transferred to Qatar Holding, Al-Fayed’s wax statue remains
June 21, 2010
Harrods transferred to Qatar Holding, Al-Fayed’s wax statue remains
Egyptian businessman Mohamed Al-Fayed has officially handed over the world-famous Harrods department store to the Qatari government, after selling the…
MP submits motion on sale of Cairo historical buildings
June 21, 2010
MP submits motion on sale of Cairo historical buildings
People's Assembly member Mustafa Bakri submitted an early-day motion yesterday to Minister of Investment Mahmoud Mohieddin about what he described…
Minister: Privatized firms’ debts to be settled next month
June 20, 2010
Minister: Privatized firms’ debts to be settled next month
Investment Minister Mahmoud Mohi Eddin told parliament on Sunday that all debts owed by privatized companies would be paid back…
Egyptian stock market up 1.57%
June 20, 2010
Egyptian stock market up 1.57%
The Egyptian Stock Exchange rose notably on Sunday, with foreign investors tending to buy amid a wave of selling by…
Iron factories export to Arab countries to counter recession
June 20, 2010
Iron factories export to Arab countries to counter recession
Local factories and companies have begun exporting iron to Arab countries, primarily Libya and Sudan, after a three-year halt.Beshay Steel…
Commercial syndicate to protest insufficient resources
June 20, 2010
Commercial syndicate to protest insufficient resources
The ٍSyndicate of Commercial Professions in Egypt called upon its members yesterday to take part in a nation-wide protest on…
World Bank grants Egypt $220 million for wind energy
June 19, 2010
World Bank grants Egypt $220 million for wind energy
The World Bank has offered Egypt a US$220 million loan to support a wind energy development project. The Clean Technology…