Business
Sinai Coal Company losses greater than LE1bn
July 27, 2010
Sinai Coal Company losses greater than LE1bn
The Sinai Coal Company suffered huge financial losses which in March 2005 stood at LE1.096 bn, according to a report…
Egyptians spend US$4bn a year on caviar, lobster
July 26, 2010
Egyptians spend US$4bn a year on caviar, lobster
A report issued recently by the Egyptian General Authority for Export and Import Control states that Egyptians spend some US$4…
BP to start drilling for oil off Libyan coast
July 26, 2010
BP to start drilling for oil off Libyan coast
British Petroleum (BP) will start drilling off the Libyan coast within a few weeks, the corporation announced Saturday, despite lingering…
Local meat prices continue to skyrocket
July 25, 2010
Local meat prices continue to skyrocket
Prices for domestically-produced meat continue to rise, currently ranging between LE52 and LE55 per kilo, amid widespread expectations that per-kilo…
Egypt leading wheat consumer, study finds
July 25, 2010
Egypt leading wheat consumer, study finds
Egyptians consume a total of 13.7 million tons of wheat per year, making them the world's largest wheat consumers, according…
Electricity Ministry urges public to reduce consumption
July 25, 2010
Electricity Ministry urges public to reduce consumption
The Electricity Ministry has launched a campaign on its official website calling on citizens to reduce their personal electricity consumption.The…
Additional flour and gas cylinders for high-demand areas in Ramadan
July 25, 2010
Additional flour and gas cylinders for high-demand areas in Ramadan
The Ministry of Social Solidarity has decided to increase the quotas of subsidized flour and gas cylinders to high-consumption areas…
Meat prices up 20% this month
July 24, 2010
Meat prices up 20% this month
The price of meat has increased by 20 percent this month, according to official sources at the Ministry of Agriculture.Prices…
Egyptian real estate market lags in summer
July 23, 2010
Egyptian real estate market lags in summer
Forecasts of a summer rebound in the Egyptian real estate market have proven overly optimistic. The market has been stuck…
BP to sell Egyptian oil fields to Apache Corp
July 21, 2010
BP to sell Egyptian oil fields to Apache Corp
UK-based oil giant British Petroleum (BP) has agreed to sell oil and gas fields in Egypt, the US, and Canada…