Business

2009 economy overview: Could have been worse

2009 economy overview: Could have been worse

2009 was a brutal economic year for most of the world, with markets in turmoil, mass layoffs and the specter…
Investigation into France Telecom’s MobiNil bid to begin next week

Investigation into France Telecom’s MobiNil bid to begin next week

The Egyptian Financial Supervisory Authority (EFSA) will look into a complaint filed by Orascom Telecom against the authority for its…
FT denies seeking new MobiNil partner

FT denies seeking new MobiNil partner

France Telecom (FT) Vice-President for Asia, Africa and the Middle East Hisham el-Alaily denied that his company had plans to replace…
Stocks falls by 1.3%

Stocks falls by 1.3%

The Egyptian stock exchange fell by 1.3 percent Monday, with the EGX 30 index shedding 84 points to close at…
Butane shortages burden Daqahlia, Minya, Suez

Butane shortages burden Daqahlia, Minya, Suez

Things are getting ugly in the Daqahlia town of Gedeila. Minya and Suez aren't far behind. The problem? Chronic shortages…
MobiNil mulls France Telecom acquisition offer

MobiNil mulls France Telecom acquisition offer

Officials of local mobile-phone firm MobiNil met Wednesday to discuss an offer by partner France Telecom to buy 100 percent…
Price of sugar hits LE5

Price of sugar hits LE5

The retail price of sugar reached LE5 per kilo at private supermarkets, angering consumers who had recently been assured by…
November inflation rate at 6.6%

November inflation rate at 6.6%

The Central Bank announced yesterday that the annual inflation rate hit 6.6 percent in November, up slightly from 6.5 percent…
EGX 30 sheds 1.9%

EGX 30 sheds 1.9%

The Egyptian stock exchange Tuesday fell slightly as continued selling by foreign and Arab investors outweighed concurrent purchasing by local…
Factories relocation criticized by Miners union

Factories relocation criticized by Miners union

The head of the General Union for Construction, Mining and Carpentry Workers rejected a decision by Helwan Governor Hazem el-Quewidi…
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