Business
Egypt’s Citadel to proceed with capital raise plans
July 14, 2011
Egypt’s Citadel to proceed with capital raise plans
Egyptian private equity firm Citadel Capital said on Thursday the regulator had agreed to its plans to call a shareholders'…
EgyptAir seat occupancy down 50%
July 13, 2011
EgyptAir seat occupancy down 50%
EgyptAir’s seat occupancy has fallen 50% due to political events taking place in the country, said Egyptian Civil Aviation Minister…
Jordan: Egypt to fix gas pipeline in 7-10 days
July 13, 2011
Jordan: Egypt to fix gas pipeline in 7-10 days
AMMAN--Jordanian Energy Minister Khalid Tuqan said on Wednesday that Egypt is expected to fix its bombed gas pipeline in the…
Egypt’s shares rise most since May as military cedes to protesters’ demands
July 13, 2011
Egypt’s shares rise most since May as military cedes to protesters’ demands
Egyptian shares rallied the most in seven weeks after the government moved to appease demonstrators in several cities and former…
Egypt will not pay compensation for gas halt, says official
July 13, 2011
Egypt will not pay compensation for gas halt, says official
Egypt will not compensate countries that import its natural gas for supply cuts due to the fourth recent attack on…
Egypt seen struggling to finance spending this year
July 13, 2011
Egypt seen struggling to finance spending this year
In a display of financial independence, Egypt's military rulers last month turned down an offer of $3 billion from the…
Energy consortium suing Egypt over pipeline blasts
July 12, 2011
Energy consortium suing Egypt over pipeline blasts
JERUSALEM (AP) — An Israeli board member of a Cairo-based energy company that delivers natural gas to Israel says shareholders…
Minimum wage set at LE708 per month
July 11, 2011
Minimum wage set at LE708 per month
The Ministry of Finance on Monday raised the minimum wage by 59 percent from LE444 to LE708 per month for…
Egypt’s shares plunge on fourth day of sit-ins
July 11, 2011
Egypt’s shares plunge on fourth day of sit-ins
Egypt's benchmark stock index dropped almost 3 percent Monday, dragged down by concerns of mounting unrest in the Arab world's…
Electrolux to pay cash for Egypt Olympic purchase
July 11, 2011
Electrolux to pay cash for Egypt Olympic purchase
Olympic Group said on Monday its acquisition by Sweden's Electrolux AB remained an all-cash deal and the Egyptian firm would…