Business
Monthly international flights down by 11%, says aviation minister
August 13, 2013
Monthly international flights down by 11%, says aviation minister
Civil Aviation Minister Abdel Aziz Fadel has said international flights on EgyptAir declined by 11 percent between July and August.
Dollar expected to dip further versus pound
August 13, 2013
Dollar expected to dip further versus pound
Belal Khalil, deputy chairman of the Foreign Exchange Division of the Federation of the Chamber of Commerce, has warned the…
Kuwait to provide 4.5 million oil barrels to Egypt
August 12, 2013
Kuwait to provide 4.5 million oil barrels to Egypt
A prominent government source has said that Kuwait will offer fuel and financial support estimated at US$4 billion. The Kuwaiti petroleum…
Egypt could turn $5.4-billion petroleum debts into bonds
August 12, 2013
Egypt could turn $5.4-billion petroleum debts into bonds
The Egyptian General Petroleum Corporation (EGPC) is looking into proposals that would convert debt owed to foreign oil companies operating…
Some Egypt businesses thrive in crush of economic downturn
August 12, 2013
Some Egypt businesses thrive in crush of economic downturn
Egypt's smaller companies have struggled since the uprising that pushed aside Hosni Mubarak in 2011. But in a few corners…
Importers say local reserves of staple commodities “safe”
August 11, 2013
Importers say local reserves of staple commodities “safe”
Commodity importers have assured that Egypt’s local reserves of staple commodities are largely safe, noting that global and local prices…
Why Egypt’s energy bill is higher than official figures suggest
August 10, 2013
Why Egypt’s energy bill is higher than official figures suggest
Egypt’s energy bill, already a whopping $17 billion, is probably much higher than official figures suggest. The country is losing…
Egypt registers “disappointing” gold purchases
August 9, 2013
Egypt registers “disappointing” gold purchases
Rafik Abbasy, vice president of the Gold Industry Chamber, has said gold purchases are “disappointingly” low these days, contrary to…
Workers, environment bear brunt in Sinai cement trade
August 7, 2013
Workers, environment bear brunt in Sinai cement trade
It is 3 pm, the time the workers of the Sinai Cement Company set off for home. Some are suffering…
Egypt launches $2-million project to limit industrial waste
August 4, 2013
Egypt launches $2-million project to limit industrial waste
Egypt has announced the launch of a $2-million project aimed at managing industrial waste and encouraging enterpreneurship. The project…