Business
GPA boasts LE18.6 billion surplus last year
March 22, 2010
GPA boasts LE18.6 billion surplus last year
The state-run General Petroleum Authority (GPA) accounted for 55.3 percent of the total financial surplus achieved by all economy-related government…
CAO sums up govt economic performance (Part I)
March 22, 2010
CAO sums up govt economic performance (Part I)
In a statement before parliament Sunday, Gawdat el-Malt, head of the state-run Central Auditing Organization (CAO), discussed the government's performance…
Aviation minister stops additional flights to Medina
March 22, 2010
Aviation minister stops additional flights to Medina
An ongoing crisis between aviation authorities in Egypt and Saudi Arabia has escalated after the Saudi authority pressured Egypt to…
Foreigners falsify land ownership in Sinai
March 22, 2010
Foreigners falsify land ownership in Sinai
Foreigners have forged their ownership of 100 housing units in Coral Beach Resort in Sharm el-Sheikh, according to Assistant Justice…
Egypt parliament clashes over end of year economy results
March 21, 2010
Egypt parliament clashes over end of year economy results
The People's Assembly saw a confrontation yesterday between Gawdat el-Malt, head of the Central Auditing Organization (CAO) and Ahmed Ezz,…
Rachid: Nothing wrong with importing energy
March 20, 2010
Rachid: Nothing wrong with importing energy
Minister of Industry and Trade Rachid Mohamed Rachid said the government seeks to raise industrial growth by ten percent which…
Textiles companies warn of closures without bailout
March 18, 2010
Textiles companies warn of closures without bailout
At a meeting of the Egyptian Chamber of Textiles Manufacturers on Thursday, local textiles companies threatened to close down due…
Ezz Steel sets per-ton prices for March
March 17, 2010
Ezz Steel sets per-ton prices for March
Local steel giant Ezz Steel announced fixed retail prices of LE3470 per ton for the month of March. "We have…
Investment minister: No return to nationalization
March 17, 2010
Investment minister: No return to nationalization
Alexandria--At a conference devoted to investment opportunities in Egypt's Nile Delta on Tuesday, Investment Minister Mahmoud Mohie Eddin strongly objected…
Global sugar market reduces local prices
March 16, 2010
Global sugar market reduces local prices
Global sugar prices fell from US$619 to US$540 per ton during the month of March, forcing local importers to lower…