Business
Cement traders lower prices to offset poor sales
May 19, 2010
Cement traders lower prices to offset poor sales
Cement sales have declined sharply due to slower building and construction activity throughout Egypt.The drop in demand has prompted several…
Taxes to be raised on steel, cement, cigarettes
May 18, 2010
Taxes to be raised on steel, cement, cigarettes
Parliament's planning and budget committee on Tuesday approved funding of LE7.5 billion for the 2010/11 state budget, of which LE2…
Low sales force iron factories to cut prices
May 18, 2010
Low sales force iron factories to cut prices
Iron factories reduced their prices by LE200-300 in mid May due to a sharp decline in sales during the months…
Businessman fails to pay debts to Misr Bank
May 16, 2010
Businessman fails to pay debts to Misr Bank
Rami Lakah, a businessman who fled to Europe in 2001 and returned to Egypt recently, hasn't yet repaid the first…
Rules governing public-private sector participation to be released
May 15, 2010
Rules governing public-private sector participation to be released
The Finance Ministry will begin preparing the executive rules of the law, which delineates how the private sector may participate…
EBRD: Euro Zone crisis to hit emerging Europe
May 14, 2010
EBRD: Euro Zone crisis to hit emerging Europe
Zagreb--The euro zone deficit crisis will prompt fiscal cuts that will hit demand for exports from central and Eastern Europe…
North Alexandria gas agreement awaiting approval
May 14, 2010
North Alexandria gas agreement awaiting approval
Prime Minister Ahmed Nazif and Sameh Fahmi, minister of Petroleum, held a meeting yesterday with two companies involved in petroleum…
Egypt spuds granted duty-free access to EU
May 13, 2010
Egypt spuds granted duty-free access to EU
The European Union has agreed to import unlimited amounts of Egyptian potatoes duty-free starting in June.Since the beginning of this…
Minister: Greek crisis will impact Egypt
May 12, 2010
Minister: Greek crisis will impact Egypt
At a press conference on Wednesday, Economic Development Minister Othman Mohamed Othman said that the Greek financial crisis could be…
Govt asks FT for more investment
May 11, 2010
Govt asks FT for more investment
Prime Minister Ahmed Nazif has said that Egypt is keen on developing Egyptian-French economic relations in all fields. His comments…