Business

Egypt Post employees continue strike

Egypt Post employees continue strike

Egypt Post employees have continued to strike in several governorates for the twelfth day in a row. They demand better…
Egypt’s OCI seen posting 33% rise in profit

Egypt’s OCI seen posting 33% rise in profit

Orascom Construction Industries, Egypt's biggest listed company, is expected to post a 33 percent increase in second-quarter net profit, according…
Egypt to resume gas exports to Jordan at new prices

Egypt to resume gas exports to Jordan at new prices

Egyptian natural gas exports to Jordan will resume soon under a new agreement with amended prices, a Jordanian government source…
New leadership targets ambitious growth for Egypt’s mines

New leadership targets ambitious growth for Egypt’s mines

Held back by bureaucracy and a mining law that hasn’t been updated since 1956, Egypt’s mines are expected to receive…
Egypt mulls new natural gas projects in Iraq

Egypt mulls new natural gas projects in Iraq

The Egyptian Natural Gas Holding Company (EGAS) is considering several new natural gas projects in Iraq in collaboration with Iraqi…
Analysts voice optimism for Egyptian investments in post-Qadhafi Libya

Analysts voice optimism for Egyptian investments in post-Qadhafi Libya

Analysts have predicted that Egyptian investments in Libya will be positively affected by the success of anti-regime rebels in ousting…
Gold price drops from LE306 to LE300

Gold price drops from LE306 to LE300

The price of 21-carat gold dropped from LE306 to LE300 on the local market on Tuesday, against the backdrop of…
Egypt’s exports set to benefit from Qadhafi’s ouster

Egypt’s exports set to benefit from Qadhafi’s ouster

Investors have said Egyptian exports would benefit from rebuilding Libya following Qadhafi’s ouster, and projected that the trade balance between…
Lingering security void devastates tourism in Luxor

Lingering security void devastates tourism in Luxor

The absence of security poses a significant challenge to the tourism industry in Luxor, a main tourist center in Egypt.…
Cigarette smuggling costs government LE160 million

Cigarette smuggling costs government LE160 million

A recent study showed that the Egyptian government lost about LE160 million during the first half of this year due…
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