Business
Stocks falls by 1.3%
December 22, 2009
Stocks falls by 1.3%
The Egyptian stock exchange fell by 1.3 percent Monday, with the EGX 30 index shedding 84 points to close at…
Butane shortages burden Daqahlia, Minya, Suez
December 21, 2009
Butane shortages burden Daqahlia, Minya, Suez
Things are getting ugly in the Daqahlia town of Gedeila. Minya and Suez aren't far behind. The problem? Chronic shortages…
MobiNil mulls France Telecom acquisition offer
December 16, 2009
MobiNil mulls France Telecom acquisition offer
Officials of local mobile-phone firm MobiNil met Wednesday to discuss an offer by partner France Telecom to buy 100 percent…
Price of sugar hits LE5
December 16, 2009
Price of sugar hits LE5
The retail price of sugar reached LE5 per kilo at private supermarkets, angering consumers who had recently been assured by…
November inflation rate at 6.6%
December 16, 2009
November inflation rate at 6.6%
The Central Bank announced yesterday that the annual inflation rate hit 6.6 percent in November, up slightly from 6.5 percent…
EGX 30 sheds 1.9%
December 15, 2009
EGX 30 sheds 1.9%
The Egyptian stock exchange Tuesday fell slightly as continued selling by foreign and Arab investors outweighed concurrent purchasing by local…
Factories relocation criticized by Miners union
December 15, 2009
Factories relocation criticized by Miners union
The head of the General Union for Construction, Mining and Carpentry Workers rejected a decision by Helwan Governor Hazem el-Quewidi…
Fahmi: Egyptian oil firms to return to Iraq
December 14, 2009
Fahmi: Egyptian oil firms to return to Iraq
While inspecting a natural gas project in the Middle Egyptian city of Sohag, Petroleum Minister Sameh Fahmi said Monday that…
GPA to offer 6-year oil production concession
December 14, 2009
GPA to offer 6-year oil production concession
The state-run General Petroleum Authority (GPA) will hold the biggest international bid in its history, offering a six-year concession for…
Orascom Telecom declines to sell Mobinil
December 14, 2009
Orascom Telecom declines to sell Mobinil
Orascom Telecom is refusing to sell its privately held shares in the Egyptian Company for Mobile Services, known as Mobinil,…