Business

17,000 new taxis hit streets

17,000 new taxis hit streets

Finance Minister Youssef Boutros-Ghali announced Wednesday that 17,000 new taxis had recently been delivered to their owners within the context…
Stock market rebounds after profit taking

Stock market rebounds after profit taking

Egypt's stock exchange climbed 1.5 percent Wednesday, with 135 company shares increasing in value and 26 decreasing in a day…
Egypt seeks China investment to offset trade deficit

Egypt seeks China investment to offset trade deficit

Shanghai -- According to sources at the Egyptian Investment Ministry, Minister Mahmoud Mohi Eddin plans to discuss Egypt's growing trade…
EBA founds Nile Basin investment company

EBA founds Nile Basin investment company

The Egyptian Businessmen's Association (EBA) recently established the Egyptian-African Company for Investment and Development, which aims to support private-sector investment…
Experts: New tax bill won’t affect real estate market

Experts: New tax bill won’t affect real estate market

Lobna Reda, managing director of real estate development company IGI, said Tuesday that the real estate tax draft law currently…
Global gold demand jumps, local demand wanes

Global gold demand jumps, local demand wanes

As the dollar retreated against the euro, the price of gold has increased internationally, reaching US$1100 per ounce, and raising…
Milk producers accused of monopoly bid

Milk producers accused of monopoly bid

The Anti-Trust Authority reported four companies that manufacture UHT milk to the Trade Ministry, claiming they had surreptitiously agreed to…
Yielding to minister’s threats, cement firms reduce prices

Yielding to minister’s threats, cement firms reduce prices

After raising per-ton cement prices last week--in a move largely seen as unjustified--local cement companies Thursday retracted the decision after…
Local cement firms raise prices in unison

Local cement firms raise prices in unison

Local cement companies increased their per-ton prices Wednesday by between LE15 and LE22. Some observers believe the move represents a…
Steel sales slow amid fears of cheaper imports

Steel sales slow amid fears of cheaper imports

Steel bar sales slumped noticeably this month after local producers raised their per-ton prices to LE3030. Experts, meanwhile, voice fears…
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