Business
International SMS costs skyrocket
December 7, 2009
International SMS costs skyrocket
Prices recently jumped by as much as 133%, but how and why it happened remains a mystery.The three Egyptian mobile…
Growth rate projected at 6% by fiscal year end
December 7, 2009
Growth rate projected at 6% by fiscal year end
The government projects that the growth rate will reach six percent by the end of the 2009/2010 fiscal year in…
Dubai Ports postpones Sokhna expansion
December 6, 2009
Dubai Ports postpones Sokhna expansion
Dubai Ports World (DP World), the company that operates Egypt's Sokhna seaport, has announced its intention to delay a scheduled…
Trade Ministry requests LE5 billion for subsidies
December 6, 2009
Trade Ministry requests LE5 billion for subsidies
The Ministry of Trade announced that it will request an additional LE5 billion from the Ministry of Finance for the…
Dubai’s sneeze, Egypt’s cold
December 3, 2009
Dubai’s sneeze, Egypt’s cold
The government is scrambling to limit the effects of Dubai's debt crisis on the local economy. In an indication of…
Egyptian stock market rebounds after Dubai crisis
December 3, 2009
Egyptian stock market rebounds after Dubai crisis
The Egyptian stock exchange started repairing the damage caused by the recent financial crisis in Dubai, closing up 172 points…
Gold prices continue climb
December 3, 2009
Gold prices continue climb
The price of gold continued its dizzying ascent yesterday with the average price of one ounce reaching US$1214 on the…
CASE regains LE15 million since Monday crash
December 2, 2009
CASE regains LE15 million since Monday crash
The Cairo and Alexandria Stock Exchange (CASE) Wednesday regained some LE8.8 million, bringing total gains to LE15 million since Monday,…
Egypt’s energy investments safe, says Algeria
December 2, 2009
Egypt’s energy investments safe, says Algeria
The Algerian energy minister confirmed that energy projects implemented in collaboration between Algerian fuel company Sonatrach and its Egyptian counterparts…
Telecom Egypt to reduce land line to mobile tariffs
December 2, 2009
Telecom Egypt to reduce land line to mobile tariffs
Telecom Egypt (TE) is planning to reduce tariffs for calls made from land lines to mobile phones. The company will…