Business

Sources: Algeria govt wants Orascom Telecom to leave

Sources: Algeria govt wants Orascom Telecom to leave

Algiers-- The Algerian government wants Egyptian group Orascom Telecom to relinquish its stake in Algeria's number one mobile telephone operator,…
Egypt and Uganda mull wheat farmland options

Egypt and Uganda mull wheat farmland options

Sharm el-Sheikh-- Egypt, the world's top wheat importer, said on Monday it was evaluating three options for growing wheat in…
Butane crisis eases; Algiers denies role in shortage

Butane crisis eases; Algiers denies role in shortage

Retail prices for butane gas cylinders have fallen in the urban province of Giza following moves by the government to…
Steel prices fall due to low demand, imports

Steel prices fall due to low demand, imports

Waning domestic demand for steel rebars and rising imports of Turkish and Ukrainian steel have combined to bring down per-ton…
Commissioner’s Authority rejects Mobinil sale

Commissioner’s Authority rejects Mobinil sale

The State Commissioner's Authority upheld the Administrative Court's ruling rejecting the sale of the Egyptian Company for Mobile Services, Mobinil,…
Dana makes second gas find offshore Egypt

Dana makes second gas find offshore Egypt

London-- British oil and gas producer Dana Petroleum said it made a second gas find off the Egyptian coast and…
McDonald’s sales figure rises 2.6% in January

McDonald’s sales figure rises 2.6% in January

New York-- McDonald's Inc., the world's largest fast-food chain, said Tuesday a key sales comparison rose 2.6 percent in January,…
CBE: Foreign investment falls on year

CBE: Foreign investment falls on year

Total foreign investment in Egypt in the first quarter of the 2009/2010 fiscal year fell to US$1.7 billion compared to…
CAPMAS: Inflation up 13.6% in January

CAPMAS: Inflation up 13.6% in January

In a statement Wednesday, Abu Bakr el-Guindi, president of the state-run Central Agency for Public Mobilization and Statistics (CAPMAS), noted…
Israeli paper: Higher prices for Egyptian gas exports to Israel

Israeli paper: Higher prices for Egyptian gas exports to Israel

The Israeli economic newspaper Calcalist reported that an agreement changing the price of Egyptian natural gas exports to the Israel…
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