Business

EBA founds Nile Basin investment company

EBA founds Nile Basin investment company

The Egyptian Businessmen's Association (EBA) recently established the Egyptian-African Company for Investment and Development, which aims to support private-sector investment…
Experts: New tax bill won’t affect real estate market

Experts: New tax bill won’t affect real estate market

Lobna Reda, managing director of real estate development company IGI, said Tuesday that the real estate tax draft law currently…
Global gold demand jumps, local demand wanes

Global gold demand jumps, local demand wanes

As the dollar retreated against the euro, the price of gold has increased internationally, reaching US$1100 per ounce, and raising…
Milk producers accused of monopoly bid

Milk producers accused of monopoly bid

The Anti-Trust Authority reported four companies that manufacture UHT milk to the Trade Ministry, claiming they had surreptitiously agreed to…
Yielding to minister’s threats, cement firms reduce prices

Yielding to minister’s threats, cement firms reduce prices

After raising per-ton cement prices last week--in a move largely seen as unjustified--local cement companies Thursday retracted the decision after…
Local cement firms raise prices in unison

Local cement firms raise prices in unison

Local cement companies increased their per-ton prices Wednesday by between LE15 and LE22. Some observers believe the move represents a…
Steel sales slow amid fears of cheaper imports

Steel sales slow amid fears of cheaper imports

Steel bar sales slumped noticeably this month after local producers raised their per-ton prices to LE3030. Experts, meanwhile, voice fears…
Stock market up 1.6%

Stock market up 1.6%

The Egyptian stock exchange's EGX 30 index rose by 1.6 percent on Tuesday, gaining 107.9 points to close at 6833.2…
Alex sees spike in subsidized tea prices

Alex sees spike in subsidized tea prices

Abdel Fattah Ahmed, commercial director of the public-sector Alexandria Company for Cooperatives, said that the Investment Ministry had set new…
Govt considers raising subsidized sugar prices

Govt considers raising subsidized sugar prices

According to informed sources, the government is currently thinking about raising the price of subsidized sugar sold at state cooperatives…
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