Mohamed Haroun
New investors force cement companies to reduce prices
Business
August 4, 2011
New investors force cement companies to reduce prices
New investors in the cement business, especially Arish Cement, which is owned by the Egyptian armed forces, have forced several…
Negotiations stall surrounding US aid to Egypt
Egypt
July 20, 2011
Negotiations stall surrounding US aid to Egypt
Ongoing negotiations surrounding President Obama’s recently pledged US$2 billion aid to Egypt suffer from disagreements between Cairo and Washington. While…
Negotiations start over implementation of Obama’s economic aid package
Business
June 28, 2011
Negotiations start over implementation of Obama’s economic aid package
The Ministry of International Cooperation on Tuesday started negotiations with US officials to implement the decision of US President Barack…
National Wages Council warns of austerity measures affecting labor market
Business
June 27, 2011
National Wages Council warns of austerity measures affecting labor market
National Wages Council member Abdel Rahman Kheir said on Monday that the austerity measures currently being considered by the government…
Antitrust fine to be increased to 10% of violating products
Business
May 30, 2011
Antitrust fine to be increased to 10% of violating products
The Ministry of Trade and Industry has submitted a proposal to the cabinet that the antitrust fine be increased to…
Committee begins work of reclaiming illegally acquired land from companies
Business
May 23, 2011
Committee begins work of reclaiming illegally acquired land from companies
The newly-formed Investment Disputes Settlement Committee (IDSC), chaired by Prime Minister Essam Sharaf, is studying ways of retrieving land acquired…
New procedures to encourage small and medium-size projects
Business
April 10, 2011
New procedures to encourage small and medium-size projects
Minister of Industry and Foreign Trade Samir Sayyad on Sunday said the ministry is preparing new procedures that aim to…
Corruption rampant within Al-Azhar, says grand sheikh
Egypt
March 22, 2011
Corruption rampant within Al-Azhar, says grand sheikh
The Grand Sheikh of Al-Azhar Ahmed al-Tayyeb has announced that he will give back the salary he has received since…
Rebar demand declining
Business
January 5, 2011
Rebar demand declining
Rebar demand in Egypt has declined during the last few days, according to the general manager of the Metallurgical Industries…
Multinational developers consider investing in Egyptian real estate
Business
October 21, 2010
Multinational developers consider investing in Egyptian real estate
The Egyptian real estate market has become the focus of interest on the part of several multinational companies, some of…
IDA offers contractual terms for new permits for steel production
Business
October 17, 2010
IDA offers contractual terms for new permits for steel production
Egypt's Industrial Development Authority (IDA) on Sunday offered the contractual terms for new production permits for construction steel and billets…
Govt finalizes Madinaty re-sale to TMG
Egypt
September 26, 2010
Govt finalizes Madinaty re-sale to TMG
A panel commissioned to oversee the re-sale of the Madinaty property to Talaat Moustafa Group (TMG) will not alter the…
President calls for legal committee to resolve Madinaty land case
Egypt
September 19, 2010
President calls for legal committee to resolve Madinaty land case
President Hosni Mubarak has called for the formation of a "neutral legal committee" mandated with resolving the case of the…
TMG eyes international arbitration in wake of Madinaty ruling
Egypt
September 19, 2010
TMG eyes international arbitration in wake of Madinaty ruling
Legal advisor for the Talaat Moustafa Group (TMG) Shawqi al-Sayyid has threatened to seek international legal arbitration in an attempt…
Consortium: Egypt capable of producing cement needed for nuke reactor
Business
September 1, 2010
Consortium: Egypt capable of producing cement needed for nuke reactor
A consortium of multinational companies comprised of KHD (Germany), ABB (Switzerland) and UZIN (Romania) have submitted a feasibility study to…
Local steel, cement plants to lose power at peak hours
Business
August 26, 2010
Local steel, cement plants to lose power at peak hours
The Ministry of Electricity and Energy has agreed with local steel and cement factories to temporarily cut their electricity during…
Cement plants will need to provide their own energy, say government sources
Business
August 26, 2010
Cement plants will need to provide their own energy, say government sources
Licenses issued for building new cement factories will require investors to independently secure energy needs, according to an announcement from…
Cement company requests permission to import gas
Business
August 16, 2010
Cement company requests permission to import gas
In an unprecedented move, the Egyptian Cement Company has officially demanded permission from the Ministry of Petroleum to import either…
No need to rely on multinationals for oil exploration, USGS advises Egypt
Business
August 15, 2010
No need to rely on multinationals for oil exploration, USGS advises Egypt
The US Geological Survey (USGS) has advised Egypt not to grant oil exploration concessions--or any share of its oil production--to…