Business
Commodity prices lower inside consumer cooperatives
August 15, 2010
Commodity prices lower inside consumer cooperatives
The Food Industries Holding Company reported that consumer cooperatives did not raise prices as announced for Ramadan. Prices inside co-ops…
Al-Rayan granted extension on payment of LE900,000
August 15, 2010
Al-Rayan granted extension on payment of LE900,000
Jailed businessman Ahmed el-Rayan was granted a grace period until Tuesday in order to pay back LE900,000, which he is…
NDP official: Energy subsidy reductions still subject to debate
August 15, 2010
NDP official: Energy subsidy reductions still subject to debate
The notion of lifting subsidies on energy products remains subject to discussion and debate among representatives of various ministries within…
Ruling party calls for abolishment of petroleum subsidy
August 14, 2010
Ruling party calls for abolishment of petroleum subsidy
The energy committee of the National Democratic Party has called for the abolition of the subsidies on petroleum products over…
US attaché: Egypt acts forcefully to replace Russian wheat
August 13, 2010
US attaché: Egypt acts forcefully to replace Russian wheat
Washington--Egypt's main state wheat buyer is "moving aggressively" to replace 540,000 tones of wheat contracts canceled by Russia's ban on…
Urban planning expert: Cairo needs another 24,000 hotel rooms
August 12, 2010
Urban planning expert: Cairo needs another 24,000 hotel rooms
Cairo needs some 24,000 hotel rooms in addition to the existing 36,000 rooms in order to accommodate international events, according…
Egyptian tea imports from Kenya disrupted by ship collision
August 12, 2010
Egyptian tea imports from Kenya disrupted by ship collision
Nairobi--Some Kenyan tea export schedules have been disrupted after a ship carrying a cargo of tea collided with another vessel…
Govt contracts 120,000 tons of French wheat
August 12, 2010
Govt contracts 120,000 tons of French wheat
The state-run General Authority for Supply Commodities (GASC) on Wednesday contracted 120,000 tons of French wheat at US$312 per ton,…
Government begins reduction of subsidized energy
August 12, 2010
Government begins reduction of subsidized energy
The Egyptian government began its plan to eliminate energy subsidies to most industrial sectors late last month, to the dismay…
Weather and consumer habits exacerbate Ramadan price-rise worries
August 11, 2010
Weather and consumer habits exacerbate Ramadan price-rise worries
In August, Egypt's Consumer Protection Agency reported a 43 percent increase in food prices, a phenomenon closely associated with the…