Business
Exporters: Ain Sokhna port can’t meet demand
June 2, 2010
Exporters: Ain Sokhna port can’t meet demand
Exporters say that an ongoing dispute between the Egyptian government and Dubai World, the company which runs the port of…
ET halts Vodafone buyout
June 1, 2010
ET halts Vodafone buyout
Egypt Telecom (ET) has called off negotiations with Vodafone over buying out its Egyptian operation, of which the later owns…
Algeria launches Djezzy talks with OT
May 31, 2010
Algeria launches Djezzy talks with OT
Orascom Telecom (OT) has received a letter from the Algerian government expressing its wish to negotiate a deal to buy…
Stock market up 2.8% despite Greek woes
May 30, 2010
Stock market up 2.8% despite Greek woes
The Egyptian stock exchange's EGX 30 index on Sunday rose by 2.8 percent, or 180 points, to close at 6518,…
OT agrees not to sell Algeria subsidiary
May 30, 2010
OT agrees not to sell Algeria subsidiary
Orascom Telecom (OT) said it had agreed to a request by the Algerian government not to sell its Algerian subsidiary,…
Unemployment down to 9.12%
May 30, 2010
Unemployment down to 9.12%
The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced that the rate of unemployment has dropped to 9.12…
Iron factories to lower prices in June
May 30, 2010
Iron factories to lower prices in June
Iron factories have reduced the prices of iron for June by around LE300. The average selling price of one ton…
Committee to investigate encroachments on state land
May 30, 2010
Committee to investigate encroachments on state land
The Central Auditing Organization (CAO), a government oversight organization, will form a commitee to investigate encroachments on state-owned land. The…
Govt raises social expenditure by 29%
May 29, 2010
Govt raises social expenditure by 29%
The government has increased allocations to social services in the new fiscal year to LE213.2 billion, Minister of Finance Youssef…
Egypt’s OT tells Algeria it will enter Djezzy talks
May 27, 2010
Egypt’s OT tells Algeria it will enter Djezzy talks
Egyptian mobile firm Orascom Telecom said on Thursday that it told the Algerian government it would negotiate with it over…