Business

Govt says Saudi land deal in Toshka was a mistake

Govt says Saudi land deal in Toshka was a mistake

Sharm el-Sheikh--Minister of Agriculture Amin Abaza admitted on Wednesday that the government made a mistake in the contract signed with…
Egypt seeks Libyan investment in oil sector

Egypt seeks Libyan investment in oil sector

The state-run Egyptian General Petroleum Authority (EGPA) is currently in talks with Libyan businessmen in hopes of securing investment for…
WGC: Local gold demand plummets 35%

WGC: Local gold demand plummets 35%

Overall gold demand in the Middle East fell by 23 percent during the last quarter of 2009, according to a…
PM: Subsidies favor rich over poor

PM: Subsidies favor rich over poor

Luxor--Prime Minister Ahmed Nazif on Monday criticized a government program intended to provide citizens with medical treatment at state expense."Those…
Algerian pressure may cut Orascom unit’s value

Algerian pressure may cut Orascom unit’s value

Egypt's Orascom Telecom could secure US$6-7 billion if it chooses to sell its Algerian unit Djezzy, but might have to…
Sources: Algeria govt wants Orascom Telecom to leave

Sources: Algeria govt wants Orascom Telecom to leave

Algiers-- The Algerian government wants Egyptian group Orascom Telecom to relinquish its stake in Algeria's number one mobile telephone operator,…
Egypt and Uganda mull wheat farmland options

Egypt and Uganda mull wheat farmland options

Sharm el-Sheikh-- Egypt, the world's top wheat importer, said on Monday it was evaluating three options for growing wheat in…
Butane crisis eases; Algiers denies role in shortage

Butane crisis eases; Algiers denies role in shortage

Retail prices for butane gas cylinders have fallen in the urban province of Giza following moves by the government to…
Steel prices fall due to low demand, imports

Steel prices fall due to low demand, imports

Waning domestic demand for steel rebars and rising imports of Turkish and Ukrainian steel have combined to bring down per-ton…
Commissioner’s Authority rejects Mobinil sale

Commissioner’s Authority rejects Mobinil sale

The State Commissioner's Authority upheld the Administrative Court's ruling rejecting the sale of the Egyptian Company for Mobile Services, Mobinil,…
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