Business
Iron factories to lower prices in June
May 30, 2010
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
May 30, 2010
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%
May 29, 2010
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…
Egypt’s OT tells Algeria it will enter Djezzy talks
May 27, 2010
Egypt’s OT tells Algeria it will enter Djezzy talks
Egyptian mobile firm Orascom Telecom said on Thursday that it told the Algerian government it would negotiate with it over…
Egypt backs subsidy increase, budget impact neutral
May 26, 2010
Egypt backs subsidy increase, budget impact neutral
Egypt will spend an additional 32 billion Egyptian pounds on subsidies in 2010/11, but the increase will not affect the…
Euro debt crisis stifles Egypt pound NDF market
May 26, 2010
Euro debt crisis stifles Egypt pound NDF market
The Egyptian pound non-deliverable forwards market has almost ground to a halt in recent weeks as buyers flee risk because…
Egypt stock market down by 6%
May 25, 2010
Egypt stock market down by 6%
The Egyptian stock market has plummeted abruptly, affected by a downfall in Arab and international markets, which have been plagued…
MP accuses United Bank of corruption
May 25, 2010
MP accuses United Bank of corruption
Independent member of parliament Gamal Zahran submitted an early day motion to the prime minister and minister of investment about…
Egypt improving on competitiveness
May 25, 2010
Egypt improving on competitiveness
Egypt moved up to 70th position on the general competitiveness indicator for 2010, from 81st position in 2009, according to…
Telecom Egypt looking to buy Vodafone Egypt
May 22, 2010
Telecom Egypt looking to buy Vodafone Egypt
Vodafone International is currently in negotiations to sell Vodafone Egypt, with the value of the sale estimated at approximately LE24.3…