Business
Social solidarity minister: New choices for bread subsidy
November 22, 2009
Social solidarity minister: New choices for bread subsidy
The new policy on subsidized bread will allow citizens to receive a monthly payment of LE13.5 in cash, buy subsidized…
Concerns over reduced wheat prices
November 22, 2009
Concerns over reduced wheat prices
The Egyptian government is hesitant to announce the prices for local wheat supplies due to concerns with the decline in…
Experts forecast real-estate recovery post-crisis
November 19, 2009
Experts forecast real-estate recovery post-crisis
Demand for real estate, especially luxury housing units, has declined this year, due largely to the ongoing global financial crisis.…
Football mania or advertising frenzy?
November 19, 2009
Football mania or advertising frenzy?
In the past several days, two battles have raged in Egypt. One was the national football team’s attempt to qualify…
Global, local gold prices hit new highs
November 19, 2009
Global, local gold prices hit new highs
Recent spikes in international gold prices have affected their local-market counterparts, with the domestic price per gram reaching an unprecedented…
Damietta Spinning down LE641 million in FY08/09
November 19, 2009
Damietta Spinning down LE641 million in FY08/09
The public-sector Damietta Spinning and Weaving Company suffered LE641 million in losses in the 2008/2009 fiscal year, according to a…
Who you callin’ lazy?
November 19, 2009
Who you callin’ lazy?
In the actual city that never sleeps, 1 am traffic is not an uncommon sight on weekdays. Cairo’s main roads…
Falling OT shares rattle CASE
November 18, 2009
Falling OT shares rattle CASE
Shares in Egyptian telecommunications giant Orascom Telecom (OT) declined sharply on Wednesday, dragging the entire Cairo and Alexandria Stock Exchange…
Rachid: local economy “survived global crisis”
November 18, 2009
Rachid: local economy “survived global crisis”
Trade and Industry Minister Rachid Mohamed Rachid said on Tuesday that the global financial crisis was coming to an end…
The Turks are back
November 17, 2009
The Turks are back
There was a time when Turkish products in Egypt were limited to the Paşabahçe glass products sold door-to-door – and…