Business
Orascom to challenge FSA resolution
January 4, 2010
Orascom to challenge FSA resolution
Orascom Telecom plans to file a lawsuit against a resolution by the Financial Supervisory Authority (FSA) approving an offer by…
Imported sugar exempted from custom fees
January 3, 2010
Imported sugar exempted from custom fees
Custom authorities started enforcing yesterday a decision by Prime Minister Ahmed Nazif to exempt crude and refined sugar from custom…
Egypt consumes as much wheat as 37 European countries
January 2, 2010
Egypt consumes as much wheat as 37 European countries
Egypt comes high on the list of 18 countries that import the largest amounts of grains, especially wheat and corn,…
Stock exchange drops 0.95%; dealing exceeds LE3.5 billion
December 31, 2009
Stock exchange drops 0.95%; dealing exceeds LE3.5 billion
A day after the stock exchange saw a rise in its index, it dropped again Wednesday by 0.95 percent. The…
Oil minister unveils plan to increase gas distribution
December 30, 2009
Oil minister unveils plan to increase gas distribution
Petroleum Minister Sameh Fahmy described yesterday a plan to step up the provision of gas as a main source of…
Banks redirect loans to small and medium-size businesses
December 29, 2009
Banks redirect loans to small and medium-size businesses
A number of private and public-sector banks decided to direct their credit policies towards small and medium-size business projects, as…
Local steel manufacturers lose 38% of market share
December 29, 2009
Local steel manufacturers lose 38% of market share
The Federation of Egyptian Industries submitted a report Sunday to Minister of Trade and Industry Rachid Mohamed Rachid saying that…
Stock exchange drops 1.6%
December 28, 2009
Stock exchange drops 1.6%
The Egyptian stock exchange slid Sunday amid slow trading. The EGX 30 shed 103 points to close at 6277 points…
Orascom: LINKdotNET sale contingent on France Telecom negotiations
December 28, 2009
Orascom: LINKdotNET sale contingent on France Telecom negotiations
Orascom Telecom CEO Khaled Beshara said his company has suspended the sale of its internet provider subsidiary LINKdotNET to MobiNil,…
Nazif will talk investment in Ethiopia
December 28, 2009
Nazif will talk investment in Ethiopia
Prime Minister Ahmed Nazif's visit to Addis Ababa next Thursday aims to encourage strategic Egyptian investment in Ethiopia, particularly in…