Business

Land ownership abolished in Toshka, East Owaynat

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

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

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

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

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

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

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

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

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

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.…
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