Business

Stock exchange drops 0.95%; dealing exceeds LE3.5 billion

Stock exchange drops 0.95%; dealing exceeds LE3.5 billion

A day after the stock exchange saw a rise in its index, it dropped again Wednesday by 0.95 percent. The…
Oil minister unveils plan to increase gas distribution

Oil minister unveils plan to increase gas distribution

Petroleum Minister Sameh Fahmy described yesterday a plan to step up the provision of gas as a main source of…
Banks redirect loans to small and medium-size businesses

Banks redirect loans to small and medium-size businesses

A number of private and public-sector banks decided to direct their credit policies towards small and medium-size business projects, as…
Local steel manufacturers lose 38% of market share

Local steel manufacturers lose 38% of market share

The Federation of Egyptian Industries submitted a report Sunday to Minister of Trade and Industry Rachid Mohamed Rachid saying that…
Stock exchange drops 1.6%

Stock exchange drops 1.6%

The Egyptian stock exchange slid Sunday amid slow trading. The EGX 30 shed 103 points to close at 6277 points…
Orascom: LINKdotNET sale contingent on France Telecom negotiations

Orascom: LINKdotNET sale contingent on France Telecom negotiations

Orascom Telecom CEO Khaled Beshara said his company has suspended the sale of its internet provider subsidiary LINKdotNET to MobiNil,…
Nazif will talk investment in Ethiopia

Nazif will talk investment in Ethiopia

Prime Minister Ahmed Nazif's visit to Addis Ababa next Thursday aims to encourage strategic Egyptian investment in Ethiopia, particularly in…
2009 economy overview: Could have been worse

2009 economy overview: Could have been worse

2009 was a brutal economic year for most of the world, with markets in turmoil, mass layoffs and the specter…
Investigation into France Telecom’s MobiNil bid to begin next week

Investigation into France Telecom’s MobiNil bid to begin next week

The Egyptian Financial Supervisory Authority (EFSA) will look into a complaint filed by Orascom Telecom against the authority for its…
FT denies seeking new MobiNil partner

FT denies seeking new MobiNil partner

France Telecom (FT) Vice-President for Asia, Africa and the Middle East Hisham el-Alaily denied that his company had plans to replace…
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