Business
Egypt to build oil refinery worth US$2bn
May 3, 2010
Egypt to build oil refinery worth US$2bn
The Egyptian General Petroleum Corporation (EGPC) has signed a memorandum of understanding with a consortium of Chinese companies to build…
Stock market dips 2.3%
May 3, 2010
Stock market dips 2.3%
Egypt's main stock index lost 2.3 percent yesterday as a result of intensive selling on the part of foreign and…
Auto industry makes tentative recovery
May 2, 2010
Auto industry makes tentative recovery
The local automobile market began to pick up in the past few weeks after being badly bruised by the global…
Cabinet releases March economy figures
May 2, 2010
Cabinet releases March economy figures
In its latest monthly report, Cabinet's Information and Decision Support Center reported a handful of new economic figures.The report notes…
Egyptian industrial incentives package finalized
May 1, 2010
Egyptian industrial incentives package finalized
The Ministry of Trade and Industry began intensive negotiations with the Ministry of Finance to approve an estimated budget that…
Decreased demand for Egyptian labor
April 29, 2010
Decreased demand for Egyptian labor
The monthly report of the Cabinet Information and Decision Support Center said demand for Egyptian labor abroad dropped by 18.9…
Local steel, aluminum and copper companies increase sales
April 29, 2010
Local steel, aluminum and copper companies increase sales
Sales of local steel, aluminum and copper products have increased on the market despite the problem of rising global prices…
Unemployment at 9.4%, says CAPMAS
April 29, 2010
Unemployment at 9.4%, says CAPMAS
At a press conference on Thursday, government statistics agency CAPMAS revealed that there were some 2.3 million unemployed people in…
High hopes for economy at Euromoney conference
April 29, 2010
High hopes for economy at Euromoney conference
Egypt has been affected only slightly by the global financial crisis and now that it is coming to an end,…
Moody’s calls Egypt bonds ‘risky’
April 27, 2010
Moody’s calls Egypt bonds ‘risky’
The international ratings agency Moody's, in a report released Monday, said that recently issued Egyptian government bonds will carry huge…