Business

Report: Egypt facing shortfall of ‘strategic’ crops

Report: Egypt facing shortfall of ‘strategic’ crops

An official report conducted by the Ministry of Agriculture has revealed an increasing shortage in a number of crops including…
Exporters: Ain Sokhna port can’t meet demand

Exporters: Ain Sokhna port can’t meet demand

Exporters say that an ongoing dispute between the Egyptian government and Dubai World, the company which runs the port of…
ET halts Vodafone buyout

ET halts Vodafone buyout

Egypt Telecom (ET) has called off negotiations with Vodafone over buying out its Egyptian operation, of which the later owns…
Algeria launches Djezzy talks with OT

Algeria launches Djezzy talks with OT

Orascom Telecom (OT) has received a letter from the Algerian government expressing its wish to negotiate a deal to buy…
Stock market up 2.8% despite Greek woes

Stock market up 2.8% despite Greek woes

The Egyptian stock exchange's EGX 30 index on Sunday rose by 2.8 percent, or 180 points, to close at 6518,…
OT agrees not to sell Algeria subsidiary

OT agrees not to sell Algeria subsidiary

Orascom Telecom (OT) said it had agreed to a request by the Algerian government not to sell its Algerian subsidiary,…
Unemployment down to 9.12%

Unemployment down to 9.12%

The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced that the rate of unemployment has dropped to 9.12…
Iron factories to lower prices in June

Iron factories to lower prices in June

Iron factories have reduced the prices of iron for June by around LE300. The average selling price of one ton…
Committee to investigate encroachments on state land

Committee to investigate encroachments on state land

The Central Auditing Organization (CAO), a government oversight organization, will form a commitee to investigate encroachments on state-owned land. The…
Govt raises social expenditure by 29%

Govt raises social expenditure by 29%

The government has increased allocations to social services in the new fiscal year to LE213.2 billion, Minister of Finance Youssef…
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