Business
Total cancels US$6 billion project due to political unrest
May 6, 2012
Total cancels US$6 billion project due to political unrest
Total, a French multinational oil and gas company, has withdrawn from a US$6 billion deal it had made with the…
EMG shareholders sue Egypt over treaty violations
May 3, 2012
EMG shareholders sue Egypt over treaty violations
JERUSALEM — International shareholders in East Mediterranean Gas (EMG), the company that oversaw the now defunct Egyptian-Israeli natural gas deal,…
Arab Spring cost region 7 million tourists in 2011
May 3, 2012
Arab Spring cost region 7 million tourists in 2011
Political unrest cost the Middle East 5 million and North Africa 2 million tourists in 2011, according to the United…
IMF official: Egypt needs to do more to secure aid
May 2, 2012
IMF official: Egypt needs to do more to secure aid
DUBAI — Egypt needs to do more to secure a US$3.2 billion loan from the International Monetary Fund, including gathering…
Central Bank examines easing restrictions on small enterprises
May 2, 2012
Central Bank examines easing restrictions on small enterprises
The Central Bank of Egypt is examining giving new facilities to small- and medium-scale enterprises (SMEs) in cooperation with international…
Govt ministerial commission to recover debts of Egyptian companies in Libya
May 1, 2012
Govt ministerial commission to recover debts of Egyptian companies in Libya
The Egyptian Ministry of Foreign Trade and Industry received a number of complaints from Egyptian companies working in Libya concerning…
Report: No press freedom decline worldwide for first time in 8 years
May 1, 2012
Report: No press freedom decline worldwide for first time in 8 years
As decades-old authoritarian regimes crumbled or eased their grip in countries as widespread as Myanmar, Egypt, Libya and Tunisia, freedom…
50% increase in Egypt-Saudi trade volume in 2012
April 28, 2012
50% increase in Egypt-Saudi trade volume in 2012
The amount of trade between Egypt and Saudi Arabia increased during the first quarter of 2012 by 50 percent, compared…
UN to help Egypt get back stolen funds
April 27, 2012
UN to help Egypt get back stolen funds
The United Nations has offered to help Egypt recover its “smuggled and frozen” overseas funds taken from the country by…