Business
EGX 30 sheds 1.9%
December 15, 2009
EGX 30 sheds 1.9%
The Egyptian stock exchange Tuesday fell slightly as continued selling by foreign and Arab investors outweighed concurrent purchasing by local…
Factories relocation criticized by Miners union
December 15, 2009
Factories relocation criticized by Miners union
The head of the General Union for Construction, Mining and Carpentry Workers rejected a decision by Helwan Governor Hazem el-Quewidi…
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.…