Business

Construction Holding Co. to liquidate affiliates

Construction Holding Co. to liquidate affiliates

Officials from the government-run Construction Holding Company (CHC) recently announced plans to liquidate ten affiliated companies. According to CHC President…
Butane cylinders hit LE60 amid ongoing shortages

Butane cylinders hit LE60 amid ongoing shortages

A severe shortage of butane gas cylinders continued to dog Cairo and the provinces Sunday, with the price of a…
Brazilian meat prices set to rise

Brazilian meat prices set to rise

Local importers of Brazilian meat say their Brazilian suppliers have raised per-ton prices from US$3100 to US$3400 in a move…
Iron demand low as prices rise

Iron demand low as prices rise

Demand for iron decreased this week after companies increased its price by an average of LE200 per ton. Meanwhile, importers…
Chinese domination of marble industry raises hackles

Chinese domination of marble industry raises hackles

Almost 90 percent of Egypt's marble factories have gone out of business due to Chinese dominance of the industry, Mahfouz…
Talaat Mustafa Group leads stock exchange

Talaat Mustafa Group leads stock exchange

Rumors that the Court of Cassation would accept Hisham Talaat Mustafa's appeal against a death sentence he received earlier for…
Stock exchange closes over 7000

Stock exchange closes over 7000

The EGX 30 index of the Egyptian Stock Exchange closed at more than 7000 points on Wednesday due to purchases…
New Trade Ministry strategy to double exports

New Trade Ministry strategy to double exports

The Trade Ministry devised a new strategy to increase Egyptian exports to LE580 billion in the next four years.Trade Minister…
Toyota: Recalled models sold in Middle East

Toyota: Recalled models sold in Middle East

Tokyo-- Toyota Motor Corp said 2005-2010 model year Avalons and 2009-2010 Sequoia cars sold in the Middle East had been…
Egypt stock market up 1.84%

Egypt stock market up 1.84%

 For the third consecutive day, the Egyptian exchange saw a considerable increase, as more Egyptian investors bought stock, while Arab…
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