Business
Trade Ministry learns of tax increases from newspapers
May 21, 2010
Trade Ministry learns of tax increases from newspapers
The Ministry of Trade and Industry learned of the increased taxes on iron, cement and cigarettes from newspaper articles, said…
Egypt stock market down by 4%
May 20, 2010
Egypt stock market down by 4%
Egyptian stocks saw a collective drop amid a similar downturn in global markets fueled by fears that the fall out…
Private sector allowed to secure energy for power stations
May 19, 2010
Private sector allowed to secure energy for power stations
Alexandria--Petroleum Minister Sameh Fahmy announced his ministry's approval to allow the private sector to secure as much energy as is…
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…