Business
Egypt Post employees continue strike
September 4, 2011
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
September 4, 2011
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
September 4, 2011
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
September 3, 2011
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
September 1, 2011
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
September 1, 2011
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
August 31, 2011
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
August 29, 2011
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
August 28, 2011
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
August 28, 2011
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…