Business
Parliament rejects gas price increase
June 10, 2010
Parliament rejects gas price increase
Parliament's planning and budget committee has rejected proposals by a number of MPs to raise the price of subsidized 92…
CAPMAS: National inflation rate hits 10.5%
June 10, 2010
CAPMAS: National inflation rate hits 10.5%
The Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday announced that the annual inflation rate in urban areas…
Suez Canal records highest revenue since November
June 10, 2010
Suez Canal records highest revenue since November
The Suez Canal Authority announced at a press conference yesterday that Egypt's canal profits have jumped from LE342.2 million in…
Sukhna development projects suffer setbacks
June 9, 2010
Sukhna development projects suffer setbacks
Al-Masry Al-Youm has obtained documents revealing major setbacks with regard to the implementation of 17 projects by various companies in…
Gold prices hit record high
June 9, 2010
Gold prices hit record high
Gold prices have reached a historic level on London's market, with one ounce of gold jumping from US$1215 to US$1248.…
10 companies shortlisted for Egypt’s first privately-owned power station
June 8, 2010
10 companies shortlisted for Egypt’s first privately-owned power station
Minister of Electricity and Energy Hassan Younis announced that from 19 companies and consortia, ten have been shortlisted for the…
Govt banks struggle to diminish debt portfolios
June 8, 2010
Govt banks struggle to diminish debt portfolios
Government banks are increasing efforts to cut down the size of customers' overdue debt portfolios and bridge the gap in…
Algeria: No timetable on Djezzy dispute with Orascom
June 7, 2010
Algeria: No timetable on Djezzy dispute with Orascom
The Algerian government cannot give a timetable for resolving a dispute over Orascom Telecom's Algerian unit Djezzy, said Moussa Benhamadi,…
45,000 feddans for first agricultural area in Sinai
June 6, 2010
45,000 feddans for first agricultural area in Sinai
South Sinai--Amin Abaza, minister of agriculture and land reclamation, has announced that 45,000 feddans will be allotted for the first…
YBG vows to settle public, private debts
June 2, 2010
YBG vows to settle public, private debts
Finance Minister Youssef Boutros-Ghali announced on Wednesday that his ministry would settle its outstanding debts to insurance funds in both…