economy
17,000 new taxis hit streets
Business
January 27, 2010
17,000 new taxis hit streets
Finance Minister Youssef Boutros-Ghali announced Wednesday that 17,000 new taxis had recently been delivered to their owners within the context…
Stock market rebounds after profit taking
Business
January 27, 2010
Stock market rebounds after profit taking
Egypt's stock exchange climbed 1.5 percent Wednesday, with 135 company shares increasing in value and 26 decreasing in a day…
Egypt seeks China investment to offset trade deficit
Business
January 27, 2010
Egypt seeks China investment to offset trade deficit
Shanghai -- According to sources at the Egyptian Investment Ministry, Minister Mahmoud Mohi Eddin plans to discuss Egypt's growing trade…
EBA founds Nile Basin investment company
Business
January 26, 2010
EBA founds Nile Basin investment company
The Egyptian Businessmen's Association (EBA) recently established the Egyptian-African Company for Investment and Development, which aims to support private-sector investment…
Experts: New tax bill won’t affect real estate market
Business
January 26, 2010
Experts: New tax bill won’t affect real estate market
Lobna Reda, managing director of real estate development company IGI, said Tuesday that the real estate tax draft law currently…
US aid diverted towards ‘minority rights’
Egypt
January 26, 2010
US aid diverted towards ‘minority rights’
The United States Agency for International Development (USAID) has decided to redirect funds earmarked for Egyptian NGOs working against the…
Yielding to minister’s threats, cement firms reduce prices
Business
January 21, 2010
Yielding to minister’s threats, cement firms reduce prices
After raising per-ton cement prices last week--in a move largely seen as unjustified--local cement companies Thursday retracted the decision after…
Local cement firms raise prices in unison
Business
January 20, 2010
Local cement firms raise prices in unison
Local cement companies increased their per-ton prices Wednesday by between LE15 and LE22. Some observers believe the move represents a…
Fahmi: Egyptian oil firms to return to Iraq
Business
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…
Egyptian stock exchange gains 1%
Business
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…