Business
Fahmi: Egyptian oil firms to return to Iraq
December 14, 2009
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
December 14, 2009
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
December 14, 2009
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
December 13, 2009
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
December 12, 2009
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
December 12, 2009
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%
December 10, 2009
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
December 10, 2009
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
December 9, 2009
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
December 8, 2009
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…