Business
PM: Subsidies favor rich over poor
February 17, 2010
PM: Subsidies favor rich over poor
Luxor--Prime Minister Ahmed Nazif on Monday criticized a government program intended to provide citizens with medical treatment at state expense."Those…
Algerian pressure may cut Orascom unit’s value
February 17, 2010
Algerian pressure may cut Orascom unit’s value
Egypt's Orascom Telecom could secure US$6-7 billion if it chooses to sell its Algerian unit Djezzy, but might have to…
Sources: Algeria govt wants Orascom Telecom to leave
February 17, 2010
Sources: Algeria govt wants Orascom Telecom to leave
Algiers-- The Algerian government wants Egyptian group Orascom Telecom to relinquish its stake in Algeria's number one mobile telephone operator,…
Egypt and Uganda mull wheat farmland options
February 16, 2010
Egypt and Uganda mull wheat farmland options
Sharm el-Sheikh-- Egypt, the world's top wheat importer, said on Monday it was evaluating three options for growing wheat in…
Butane crisis eases; Algiers denies role in shortage
February 15, 2010
Butane crisis eases; Algiers denies role in shortage
Retail prices for butane gas cylinders have fallen in the urban province of Giza following moves by the government to…
Steel prices fall due to low demand, imports
February 15, 2010
Steel prices fall due to low demand, imports
Waning domestic demand for steel rebars and rising imports of Turkish and Ukrainian steel have combined to bring down per-ton…
Commissioner’s Authority rejects Mobinil sale
February 14, 2010
Commissioner’s Authority rejects Mobinil sale
The State Commissioner's Authority upheld the Administrative Court's ruling rejecting the sale of the Egyptian Company for Mobile Services, Mobinil,…
Dana makes second gas find offshore Egypt
February 11, 2010
Dana makes second gas find offshore Egypt
London-- British oil and gas producer Dana Petroleum said it made a second gas find off the Egyptian coast and…
McDonald’s sales figure rises 2.6% in January
February 11, 2010
McDonald’s sales figure rises 2.6% in January
New York-- McDonald's Inc., the world's largest fast-food chain, said Tuesday a key sales comparison rose 2.6 percent in January,…
CBE: Foreign investment falls on year
February 10, 2010
CBE: Foreign investment falls on year
Total foreign investment in Egypt in the first quarter of the 2009/2010 fiscal year fell to US$1.7 billion compared to…