Business
CBE: Egypt’s forex reserves rise in May
June 23, 2010
CBE: Egypt’s forex reserves rise in May
The Central Bank of Egypt (CBE) on Wednesday announced a $450-million increase in Egypt's foreign currency reserves during the month…
Electricity Minister: Energy consumption increase ‘catastrophic’
June 23, 2010
Electricity Minister: Energy consumption increase ‘catastrophic’
Minister of Electricity and Energy Hassan Younis has warned of the consequences of continued increase in power consumption and urged…
Committee fails to agree on energy price hikes
June 22, 2010
Committee fails to agree on energy price hikes
The Industrial Energy Pricing Committee failed during its meeting on Tuesday to finalize a proposal for scheduled price increases of…
Govt to continue raising energy prices
June 22, 2010
Govt to continue raising energy prices
The industrial energy pricing committee will meet today to decide on the percentage increase in the prices of natural gas…
Q&A: Investment Minister talks privatization, protests
June 21, 2010
Q&A: Investment Minister talks privatization, protests
Mahmoud Mohieldin, Egypt’s first-ever investment minister, appears to know how to take a joke--and a bit of criticism. Visitors to…
Sudan national carrier to sell 70% stake
June 21, 2010
Sudan national carrier to sell 70% stake
The Kuwaiti AREF investment group and the Sudanese Al-Fayhaa Company, which together own 70 percent of Sudanese national carrier Sudan…
Harrods transferred to Qatar Holding, Al-Fayed’s wax statue remains
June 21, 2010
Harrods transferred to Qatar Holding, Al-Fayed’s wax statue remains
Egyptian businessman Mohamed Al-Fayed has officially handed over the world-famous Harrods department store to the Qatari government, after selling the…
MP submits motion on sale of Cairo historical buildings
June 21, 2010
MP submits motion on sale of Cairo historical buildings
People's Assembly member Mustafa Bakri submitted an early-day motion yesterday to Minister of Investment Mahmoud Mohieddin about what he described…
Minister: Privatized firms’ debts to be settled next month
June 20, 2010
Minister: Privatized firms’ debts to be settled next month
Investment Minister Mahmoud Mohi Eddin told parliament on Sunday that all debts owed by privatized companies would be paid back…
Egyptian stock market up 1.57%
June 20, 2010
Egyptian stock market up 1.57%
The Egyptian Stock Exchange rose notably on Sunday, with foreign investors tending to buy amid a wave of selling by…