Business
Electricity Ministry urges public to reduce consumption
July 25, 2010
Electricity Ministry urges public to reduce consumption
The Electricity Ministry has launched a campaign on its official website calling on citizens to reduce their personal electricity consumption.The…
Additional flour and gas cylinders for high-demand areas in Ramadan
July 25, 2010
Additional flour and gas cylinders for high-demand areas in Ramadan
The Ministry of Social Solidarity has decided to increase the quotas of subsidized flour and gas cylinders to high-consumption areas…
Meat prices up 20% this month
July 24, 2010
Meat prices up 20% this month
The price of meat has increased by 20 percent this month, according to official sources at the Ministry of Agriculture.Prices…
Egyptian real estate market lags in summer
July 23, 2010
Egyptian real estate market lags in summer
Forecasts of a summer rebound in the Egyptian real estate market have proven overly optimistic. The market has been stuck…
BP to sell Egyptian oil fields to Apache Corp
July 21, 2010
BP to sell Egyptian oil fields to Apache Corp
UK-based oil giant British Petroleum (BP) has agreed to sell oil and gas fields in Egypt, the US, and Canada…
Egypt’s street lighting to be reduced to save electricity
July 21, 2010
Egypt’s street lighting to be reduced to save electricity
Minister of Electricity Hassan Younis has instructed heads of electric power distribution companies to provide technical support to local authorities…
NIB owed LE8 billion by public firms, bank says
July 20, 2010
NIB owed LE8 billion by public firms, bank says
Public-sector companies owe Egypt's National Investment Bank (NIB) approximately LE8 billion, according to a bank estimate. Meanwhile, a prominent government…
Mercosur-Egypt free-trade agreement to exclude poultry
July 20, 2010
Mercosur-Egypt free-trade agreement to exclude poultry
In the context of free trade negotiations with the Southern Common Market (Mercosur), Egypt has asked for poultry products and…
Electricity Minister: Govt may increase electricity prices
July 20, 2010
Electricity Minister: Govt may increase electricity prices
The Egyptian government has not imposed any price increases on electricity since 2008, said Minister of Electricity Hassan Younis, implying…
End near for NIB, hints Boutros-Ghali
July 20, 2010
End near for NIB, hints Boutros-Ghali
The National Investment Bank (NIB) will "not be around much longer," according to Egyptian Finance Minister Youssef Boutros-Ghali.The minister's curt…