Business
Iron demand low as prices rise
February 6, 2010
Iron demand low as prices rise
Demand for iron decreased this week after companies increased its price by an average of LE200 per ton. Meanwhile, importers…
Chinese domination of marble industry raises hackles
February 4, 2010
Chinese domination of marble industry raises hackles
Almost 90 percent of Egypt's marble factories have gone out of business due to Chinese dominance of the industry, Mahfouz…
Talaat Mustafa Group leads stock exchange
February 4, 2010
Talaat Mustafa Group leads stock exchange
Rumors that the Court of Cassation would accept Hisham Talaat Mustafa's appeal against a death sentence he received earlier for…
Stock exchange closes over 7000
February 4, 2010
Stock exchange closes over 7000
The EGX 30 index of the Egyptian Stock Exchange closed at more than 7000 points on Wednesday due to purchases…
New Trade Ministry strategy to double exports
February 4, 2010
New Trade Ministry strategy to double exports
The Trade Ministry devised a new strategy to increase Egyptian exports to LE580 billion in the next four years.Trade Minister…
Toyota: Recalled models sold in Middle East
February 3, 2010
Toyota: Recalled models sold in Middle East
Tokyo-- Toyota Motor Corp said 2005-2010 model year Avalons and 2009-2010 Sequoia cars sold in the Middle East had been…
Egypt stock market up 1.84%
February 3, 2010
Egypt stock market up 1.84%
For the third consecutive day, the Egyptian exchange saw a considerable increase, as more Egyptian investors bought stock, while Arab…
Local prices of iron increase
February 2, 2010
Local prices of iron increase
Iron companies have raised the prices of iron to be sold in February by between LE200 to LE250, after Ezz…
Dealmaking back in fashion, as CEOs buy growth
February 2, 2010
Dealmaking back in fashion, as CEOs buy growth
Davos, Switzerland--The manic dealmaking of the years before the financial crisis may be some way off, but acquisitions were certainly…
Finance: Budget deficit at LE57.5 billion
February 2, 2010
Finance: Budget deficit at LE57.5 billion
According to a Finance Ministry report issued Monday covering the first half of the 2009/2010 fiscal year, total government expenditure…