Business
CAPMAS: Exports decline as imports rise
February 9, 2010
CAPMAS: Exports decline as imports rise
A recently-released report by the Central Agency for Public Mobilization and Statistics (CAPMAS) noted that Egyptian fertilizer and furniture exports…
Stock market sees slight decline Tuesday
February 9, 2010
Stock market sees slight decline Tuesday
The Egyptian stock exchange witnessed a slight decline Tuesday due to a bout of profit-taking among Egyptian investors. The decline…
Minister: Tourism revenues resilient in 2009
February 9, 2010
Minister: Tourism revenues resilient in 2009
Egypt's tourism earnings, a key source of foreign exchange, dipped just 2.1 percent last year thanks to an upswing in…
Egypt aims to start cement bid process by mid-2010
February 9, 2010
Egypt aims to start cement bid process by mid-2010
Egypt is targeting to start an international bidding process to grant cement licences by the middle of this year, the…
Govt mulls abolition of fertilizer subsidies
February 8, 2010
Govt mulls abolition of fertilizer subsidies
The government is considering the abolition of subsidies on fertilizers sold to farmers in an effort to fill the gap…
Extra fees on steel imports ruled out by ministry
February 8, 2010
Extra fees on steel imports ruled out by ministry
An official source at the Trade and Industry Ministry has ruled out the possibility of levying additional fees on imported…
Ministry calls for new distribution system for butane
February 8, 2010
Ministry calls for new distribution system for butane
The Social Solidarity Ministry has issued recommendations for a new system for the distribution of butane gas cylinders aimed at…
Construction Holding Co. to liquidate affiliates
February 7, 2010
Construction Holding Co. to liquidate affiliates
Officials from the government-run Construction Holding Company (CHC) recently announced plans to liquidate ten affiliated companies. According to CHC President…
Butane cylinders hit LE60 amid ongoing shortages
February 7, 2010
Butane cylinders hit LE60 amid ongoing shortages
A severe shortage of butane gas cylinders continued to dog Cairo and the provinces Sunday, with the price of a…
Brazilian meat prices set to rise
February 7, 2010
Brazilian meat prices set to rise
Local importers of Brazilian meat say their Brazilian suppliers have raised per-ton prices from US$3100 to US$3400 in a move…