Business
Egypt’s street lighting to be reduced to save electricity
July 21, 2010
Egypt’s street lighting to be reduced to save electricity
Minister of Electricity Hassan Younis has instructed heads of electric power distribution companies to provide technical support to local authorities…
NIB owed LE8 billion by public firms, bank says
July 20, 2010
NIB owed LE8 billion by public firms, bank says
Public-sector companies owe Egypt's National Investment Bank (NIB) approximately LE8 billion, according to a bank estimate. Meanwhile, a prominent government…
Mercosur-Egypt free-trade agreement to exclude poultry
July 20, 2010
Mercosur-Egypt free-trade agreement to exclude poultry
In the context of free trade negotiations with the Southern Common Market (Mercosur), Egypt has asked for poultry products and…
Electricity Minister: Govt may increase electricity prices
July 20, 2010
Electricity Minister: Govt may increase electricity prices
The Egyptian government has not imposed any price increases on electricity since 2008, said Minister of Electricity Hassan Younis, implying…
End near for NIB, hints Boutros-Ghali
July 20, 2010
End near for NIB, hints Boutros-Ghali
The National Investment Bank (NIB) will "not be around much longer," according to Egyptian Finance Minister Youssef Boutros-Ghali.The minister's curt…
BP signs new deal to develop deep water gas find in Egypt
July 19, 2010
BP signs new deal to develop deep water gas find in Egypt
London--BP PLC (BP) said Monday it has signed a new agreement in Egypt to develop significant gas resources in two…
Finance Minister: No need to raise fuel prices
July 19, 2010
Finance Minister: No need to raise fuel prices
Total proceeds from income and sales taxes reached LE148 billion during the fiscal year 2009/10, according to Finance Minister Youssef…
Prosecution hears testimony in bourse case
July 18, 2010
Prosecution hears testimony in bourse case
Egypt's Financial and Commercial Affairs Prosecution office opened an investigation on Sunday into a complaint filed by investors alleging that…
18 million more Egyptians to benefit from social insurance
July 18, 2010
18 million more Egyptians to benefit from social insurance
The Ministry of Finance will expand the scope of social insurance to include an additional 18 million citizens and their…
Syria requests more natural gas from Egypt
July 18, 2010
Syria requests more natural gas from Egypt
Syria has officially submitted a request to Egypt to increase its quota of natural gas supplied via the Arab Gas…