Business

Foreigners falsify land ownership in Sinai

Foreigners falsify land ownership in Sinai

Foreigners have forged their ownership of 100 housing units in Coral Beach Resort in Sharm el-Sheikh, according to Assistant Justice…
Egypt parliament clashes over end of year economy results

Egypt parliament clashes over end of year economy results

The People's Assembly saw a confrontation yesterday between Gawdat el-Malt, head of the Central Auditing Organization (CAO) and Ahmed Ezz,…
Rachid: Nothing wrong with importing energy

Rachid: Nothing wrong with importing energy

Minister of Industry and Trade Rachid Mohamed Rachid said the government seeks to raise industrial growth by ten percent which…
Textiles companies warn of closures without bailout

Textiles companies warn of closures without bailout

At a meeting of the Egyptian Chamber of Textiles Manufacturers on Thursday, local textiles companies threatened to close down due…
Ezz Steel sets per-ton prices for March

Ezz Steel sets per-ton prices for March

Local steel giant Ezz Steel announced fixed retail prices of LE3470 per ton for the month of March. "We have…
Investment minister: No return to nationalization

Investment minister: No return to nationalization

Alexandria--At a conference devoted to investment opportunities in Egypt's Nile Delta on Tuesday, Investment Minister Mahmoud Mohie Eddin strongly objected…
Global sugar market reduces local prices

Global sugar market reduces local prices

Global sugar prices fell from US$619 to US$540 per ton during the month of March, forcing local importers to lower…
NTRA blocks Skype on mobile phones

NTRA blocks Skype on mobile phones

Egypt's National Telecom Regulatory Authority (NTRA) has blocked access to Skype from mobile phones.Skype is an internet application that allows…
OECD workshop looks at local business climate

OECD workshop looks at local business climate

Egypt's Ministry of Investment, in partnership with the European Commission, has hired the Organization for Economic Cooperation and Development (OECD)…
Egyptian stock market rebounds after 3 days of losses fueled by Mubarak health worries

Egyptian stock market rebounds after 3 days of losses fueled by Mubarak health worries

Egypt's stock market is rebounding after investor worries over President Hosni Mubarak's health pushed the benchmark index to its lowest…
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