Business
Global, local gold prices return to earth
December 13, 2009
Global, local gold prices return to earth
Local gold prices took a fall this weekend, reflecting a decline in their global counterparts, with the price of one…
Govt approves sale of Mobinil shares to France Telecom
December 12, 2009
Govt approves sale of Mobinil shares to France Telecom
The Egyptian Financial Supervisory Authority (EFSA) accepted France Telecom's offer to purchase all shares of the Egyptian Company for Mobile…
Real estate tax offices extend working hours
December 12, 2009
Real estate tax offices extend working hours
The Ministry of Finance has decided to extend working hours until 7 PM at real estate tax offices in order…
Egyptian stock exchange gains 1%
December 10, 2009
Egyptian stock exchange gains 1%
The Egyptian stock market gained a meager 1 percent Thursday as a wave of buying by Egyptian and Arab investors…
Dubai Holding sells 25% of shares in Hermes
December 10, 2009
Dubai Holding sells 25% of shares in Hermes
The EGX 30 index of the Egyptian stock exchange Wednesday fell 3.6 percent, closing at 6132.6 points, down 234.9 points.…
Experts predict 14% annual inflation rate
December 9, 2009
Experts predict 14% annual inflation rate
Local experts expect annual inflation rates to soon hit 14 percent due to a recent rise in foodstuff prices by…
IMF chief economist lectures Cairo on financial crisis
December 8, 2009
IMF chief economist lectures Cairo on financial crisis
In a lecture delivered Monday at the American University in Cairo, Olivier Blanchard, chief economist of the International Monetary Fund…
Domestic demand for Egyptian cotton shrinks
December 8, 2009
Domestic demand for Egyptian cotton shrinks
A report issued Monday by the Central Agency for Public Mobilization and Statistics (CAPMAS) said that demand for Egyptian cotton…
Egypt-Algeria tension subsides with joint business projects
December 8, 2009
Egypt-Algeria tension subsides with joint business projects
An Algerian delegation is participating in a conference devoted to small businesses in Mediterranean countries currently being held in Cairo…
Experts fear DP Sokhna sale in wake of debt crisis
December 7, 2009
Experts fear DP Sokhna sale in wake of debt crisis
Local marine-transport experts are concerned that the UAE-based Dubai Ports World (DP World) will sell its Egyptian Sokhna Port operation…