Business

Govt to import 3 mn tons of wheat this year

Govt to import 3 mn tons of wheat this year

The government has announced plans to import three million tons of wheat during the first half of 2010 at a…
Egypt’s local public debt hits new high

Egypt’s local public debt hits new high

Egypt’s local public debt has exceeded LE689 billion for the first time in the country’s history, a report by the…
MobiNil to announce share price today

MobiNil to announce share price today

Mobile phone company MobiNil has tasked independent financial consultancy Prime Capital with evaluating its share price in light of a…
TE acquires full stake in TE Data

TE acquires full stake in TE Data

Telecom Egypt (TE) now owns a full 100% of Internet provider TE Data after buying the last five percent of…
Egypt to import natural gas from Iraq

Egypt to import natural gas from Iraq

The Petroleum Ministry is currently studying ways of importing natural gas from Iraq, both in order to meet local demand…
MobiNil board to discuss FT offer

MobiNil board to discuss FT offer

Members of the board of mobile phone company MobiNil will convene on Wednesday to discuss an offer by France Telecom…
Dairy, beef prices surge

Dairy, beef prices surge

Local prices for dairy products and sugar have recently risen by between 5 and 10 percent, while beef prices have…
Orascom to challenge FSA resolution

Orascom to challenge FSA resolution

Orascom Telecom plans to file a lawsuit against a resolution by the Financial Supervisory Authority (FSA) approving an offer by…
Imported sugar exempted from custom fees

Imported sugar exempted from custom fees

 Custom authorities started enforcing yesterday a decision by Prime Minister Ahmed Nazif to exempt crude and refined sugar from custom…
Egypt consumes as much wheat as 37 European countries

Egypt consumes as much wheat as 37 European countries

Egypt comes high on the list of 18 countries that import the largest amounts of grains, especially wheat and corn,…
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