Business

E-customs services offered to private sector

E-customs services offered to private sector

The Customs Authority last week held a bid for private-sector companies to provide electronic customs services in Cairo, Alexandria, Suez…
Minister: Economy better since global crisis

Minister: Economy better since global crisis

Economic Development Minister Othman Mohamed Othman at a press conference on Thursday said the Egyptian economy had improved since the…
Govt signs agreements with oil giant Eni

Govt signs agreements with oil giant Eni

Italian oil company Eni recently signed two agreements with the Egyptian General Petroleum Authority and the Egyptian Holding Company for…
Mobile operators unlikely to slash prices this Ramadan

Mobile operators unlikely to slash prices this Ramadan

Mobile phone operators are gearing up for Ramadan, a time when competition reaches its peak with companies making new offers…
State land to be offered only on leasehold basis

State land to be offered only on leasehold basis

Less than 24 hours after President Hosni Mubarak instructed the government to devise easy and transparent rules for the sale…
Sinai Coal Company losses greater than LE1bn

Sinai Coal Company losses greater than LE1bn

The Sinai Coal Company suffered huge financial losses which in March 2005 stood at LE1.096 bn, according to a report…
Egyptians spend US$4bn a year on caviar, lobster

Egyptians spend US$4bn a year on caviar, lobster

A report issued recently by the Egyptian General Authority for Export and Import Control states that Egyptians spend some US$4…
BP to start drilling for oil off Libyan coast

BP to start drilling for oil off Libyan coast

British Petroleum (BP) will start drilling off the Libyan coast within a few weeks, the corporation announced Saturday, despite lingering…
Local meat prices continue to skyrocket

Local meat prices continue to skyrocket

Prices for domestically-produced meat continue to rise, currently ranging between LE52 and LE55 per kilo, amid widespread expectations that per-kilo…
Egypt leading wheat consumer, study finds

Egypt leading wheat consumer, study finds

Egyptians consume a total of 13.7 million tons of wheat per year, making them the world's largest wheat consumers, according…
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