Business
Land ownership abolished in Toshka, East Owaynat
January 14, 2010
Land ownership abolished in Toshka, East Owaynat
The Council of Ministers is currently considering the allocation of new land in Toshka, East Owaynat and parts of El-Wadi…
In light of crisis, discount sales come early this year
January 14, 2010
In light of crisis, discount sales come early this year
From "50-percent-off" to "buy-one-get-one-free" deals, local retailers are scrambling to boost sales amid widespread financial difficulties associated with the unfolding…
Ministry source: No amendments to real estate tax bill
January 13, 2010
Ministry source: No amendments to real estate tax bill
A source at the Finance Ministry has denied allegations that parliament had requested certain amendments to the real estate tax…
Admin court rejects FT’s MobiNil bid
January 13, 2010
Admin court rejects FT’s MobiNil bid
The administrative court Wednesday rejected an offer by France Telecom (FT) for the acquisition of a 100-percent stake in Egyptian…
Industry to enjoy cheap energy 6 more months
January 12, 2010
Industry to enjoy cheap energy 6 more months
The Trade and Industry Ministry's energy pricing committee has recommended that plans to increase energy prices for industrial projects be…
Alex real-estate prices skyrocket
January 11, 2010
Alex real-estate prices skyrocket
Property prices in the coastal city of Alexandria have risen considerably in recent months, especially in areas overlooking the Mediterranean…
Yearly sugar subsidies reach LE3.5 billion
January 11, 2010
Yearly sugar subsidies reach LE3.5 billion
Annual state sugar subsidies have been raised from LE2.2 billion last year to LE3.5 billion this year to reflect rising…
Bin Laden clinches airport contracts
January 11, 2010
Bin Laden clinches airport contracts
The Civil Aviation Ministry signed contracts Sunday with the Saudi Arabian Bin Laden Group to build a new terminal for…
New real estate law to tax the rich and punish evaders
January 11, 2010
New real estate law to tax the rich and punish evaders
A new real estate tax law currently being introduced will not impose a heavy burden on Egyptians, said Tarek Farag,…
Report: inflation fell to 11.8% in 2009
January 10, 2010
Report: inflation fell to 11.8% in 2009
According to recently-released official figures, Egypt's inflation rate fell to 11.8 percent in 2009 compared to 19.2 percent in 2008.…