Business

MobiNil board to discuss FT offer

MobiNil board to discuss FT offer

Members of the board of mobile phone company MobiNil will convene on Wednesday to discuss an offer by France Telecom…
Dairy, beef prices surge

Dairy, beef prices surge

Local prices for dairy products and sugar have recently risen by between 5 and 10 percent, while beef prices have…
Orascom to challenge FSA resolution

Orascom to challenge FSA resolution

Orascom Telecom plans to file a lawsuit against a resolution by the Financial Supervisory Authority (FSA) approving an offer by…
Imported sugar exempted from custom fees

Imported sugar exempted from custom fees

 Custom authorities started enforcing yesterday a decision by Prime Minister Ahmed Nazif to exempt crude and refined sugar from custom…
Egypt consumes as much wheat as 37 European countries

Egypt consumes as much wheat as 37 European countries

Egypt comes high on the list of 18 countries that import the largest amounts of grains, especially wheat and corn,…
Stock exchange drops 0.95%; dealing exceeds LE3.5 billion

Stock exchange drops 0.95%; dealing exceeds LE3.5 billion

A day after the stock exchange saw a rise in its index, it dropped again Wednesday by 0.95 percent. The…
Oil minister unveils plan to increase gas distribution

Oil minister unveils plan to increase gas distribution

Petroleum Minister Sameh Fahmy described yesterday a plan to step up the provision of gas as a main source of…
Banks redirect loans to small and medium-size businesses

Banks redirect loans to small and medium-size businesses

A number of private and public-sector banks decided to direct their credit policies towards small and medium-size business projects, as…
Local steel manufacturers lose 38% of market share

Local steel manufacturers lose 38% of market share

The Federation of Egyptian Industries submitted a report Sunday to Minister of Trade and Industry Rachid Mohamed Rachid saying that…
Stock exchange drops 1.6%

Stock exchange drops 1.6%

The Egyptian stock exchange slid Sunday amid slow trading. The EGX 30 shed 103 points to close at 6277 points…
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