Business
Upper Egypt industry scheme lures investors
February 21, 2010
Upper Egypt industry scheme lures investors
An industrial incentive program, launched in 2007 with the aim of attracting investment to the southern provinces of Upper Egypt,…
Officials: FDI down 34.8%; tourism losses exceed LE1 billion
February 21, 2010
Officials: FDI down 34.8%; tourism losses exceed LE1 billion
Total foreign investment in Egypt fell to LE2.6 billion in the first half of the 2009/10 fiscal year from LE4…
Report: Over 2 million Egyptians unemployed
February 20, 2010
Report: Over 2 million Egyptians unemployed
The government has admitted that the number of unemployed persons in Egypt has increased over the past few months. According…
Measures to contain butane crisis in Giza
February 20, 2010
Measures to contain butane crisis in Giza
In its fourth week, the butane cylinder crisis has eased in some governorates and escalated in others. Giza officials attributed…
Shafik Gabr on the economy, ElBaradei, Orientalism
February 18, 2010
Shafik Gabr on the economy, ElBaradei, Orientalism
M. Shafik Gabr is one of Egypt’s leading industrialists. Chairman of the Artoc Group for Investment and Development, Gabr, 57,…
Govt says Saudi land deal in Toshka was a mistake
February 18, 2010
Govt says Saudi land deal in Toshka was a mistake
Sharm el-Sheikh--Minister of Agriculture Amin Abaza admitted on Wednesday that the government made a mistake in the contract signed with…
Egypt seeks Libyan investment in oil sector
February 17, 2010
Egypt seeks Libyan investment in oil sector
The state-run Egyptian General Petroleum Authority (EGPA) is currently in talks with Libyan businessmen in hopes of securing investment for…
WGC: Local gold demand plummets 35%
February 17, 2010
WGC: Local gold demand plummets 35%
Overall gold demand in the Middle East fell by 23 percent during the last quarter of 2009, according to a…
PM: Subsidies favor rich over poor
February 17, 2010
PM: Subsidies favor rich over poor
Luxor--Prime Minister Ahmed Nazif on Monday criticized a government program intended to provide citizens with medical treatment at state expense."Those…
Algerian pressure may cut Orascom unit’s value
February 17, 2010
Algerian pressure may cut Orascom unit’s value
Egypt's Orascom Telecom could secure US$6-7 billion if it chooses to sell its Algerian unit Djezzy, but might have to…