Business
Diesel crisis eases in some places, worsens in others
March 11, 2010
Diesel crisis eases in some places, worsens in others
A weeks-long shortage of diesel fuel eased in Ismailia on Thursday after the Petroleum Ministry increased diesel supplies to the…
Inflation falls to 12.8% in February
March 10, 2010
Inflation falls to 12.8% in February
Egypt's national inflation rate fell from 13.6 percent in January to 12.8 percent in February, according to a report released…
Textiles sector lost LE4 bn in 2009, report notes
March 9, 2010
Textiles sector lost LE4 bn in 2009, report notes
The smuggling of ready-made clothes and textiles into Egypt from abroad caused local manufacturers to lose an estimated LE4 billion…
Report: Egypt imports 47% of its diesel fuel
March 9, 2010
Report: Egypt imports 47% of its diesel fuel
A recent report issued by the state-run Egyptian General Petroleum Authority (EGPA) revealed that Egypt imported 5.6 million tons of…
Egypt steel sales drop despite discounted rates
March 9, 2010
Egypt steel sales drop despite discounted rates
Sales of local and imported steel bars dropped by 70 percent this week despite reduced prices. Experts were unable to…
Clashes at gas stations as diesel crisis escalates
March 8, 2010
Clashes at gas stations as diesel crisis escalates
Diesel fuel shortages continued in Cairo and the governorates on Monday, leading to clashes between frustrated drivers lining up outside…
Orascom Telecom: Algerian tax appeal rejected
March 8, 2010
Orascom Telecom: Algerian tax appeal rejected
Algerian authorities have rejected Orascom Telecom's appeal against claims its Djezzy unit owed back taxes and penalties from 2004 to…
Egypt car sales rebound
March 8, 2010
Egypt car sales rebound
After a year of slow sales, the Egyptian automotive market bounced back in the beginning of 2010.The total number of…
Egyptian Railway Authority’s 2009 spending revealed
March 8, 2010
Egyptian Railway Authority’s 2009 spending revealed
The Egyptian Railway Authority (ERA) spent LE322 million from the 2009 state budget on services last year, including LE650,000 on…
Diesel shortage paralyzes Egypt’s highways
March 7, 2010
Diesel shortage paralyzes Egypt’s highways
Diesel fuel shortages continued throughout Egypt on Sunday, causing cars and buses to form 500- meter-long queues at some gas…