Business

Fahmi: Egyptian oil firms to return to Iraq

Fahmi: Egyptian oil firms to return to Iraq

While inspecting a natural gas project in the Middle Egyptian city of Sohag, Petroleum Minister Sameh Fahmi said Monday that…
GPA to offer 6-year oil production concession

GPA to offer 6-year oil production concession

The state-run General Petroleum Authority (GPA) will hold the biggest international bid in its history, offering a six-year concession for…
Orascom Telecom declines to sell Mobinil

Orascom Telecom declines to sell Mobinil

Orascom Telecom is refusing to sell its privately held shares in the Egyptian Company for Mobile Services, known as Mobinil,…
Global, local gold prices return to earth

Global, local gold prices return to earth

Local gold prices took a fall this weekend, reflecting a decline in their global counterparts, with the price of one…
Govt approves sale of Mobinil shares to France Telecom

Govt approves sale of Mobinil shares to France Telecom

The Egyptian Financial Supervisory Authority (EFSA) accepted France Telecom's offer to purchase all shares of the Egyptian Company for Mobile…
Real estate tax offices extend working hours

Real estate tax offices extend working hours

The Ministry of Finance has decided to extend working hours until 7 PM at real estate tax offices in order…
Egyptian stock exchange gains 1%

Egyptian stock exchange gains 1%

The Egyptian stock market gained a meager 1 percent Thursday as a wave of buying by Egyptian and Arab investors…
Dubai Holding sells 25% of shares in Hermes

Dubai Holding sells 25% of shares in Hermes

The EGX 30 index of the Egyptian stock exchange Wednesday fell 3.6 percent, closing at 6132.6 points, down 234.9 points.…
Experts predict 14% annual inflation rate

Experts predict 14% annual inflation rate

Local experts expect annual inflation rates to soon hit 14 percent due to a recent rise in foodstuff prices by…
IMF chief economist lectures Cairo on financial crisis

IMF chief economist lectures Cairo on financial crisis

In a lecture delivered Monday at the American University in Cairo, Olivier Blanchard, chief economist of the International Monetary Fund…
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