Business
Russia’s Vimpelcom backs new Egypt telecoms deal
January 17, 2011
Russia’s Vimpelcom backs new Egypt telecoms deal
Moscow--A deal for one of the world's largest mobile phone carriers moved a step closer Monday when Russia's Vimpelcom overrode…
Egypt stocks drop most in six weeks as Tunisia leader overthrown
January 16, 2011
Egypt stocks drop most in six weeks as Tunisia leader overthrown
Egyptian stocks fell the most since November after a popular uprising in Tunisia forced the ouster of President Zine El…
Egypt’s largest builders form JV for nuclear power projects
January 16, 2011
Egypt’s largest builders form JV for nuclear power projects
Orascom Construction Industries, Egypt's biggest listed builder, said on Sunday it had formed a joint venture with state-owned Arab Contractors…
Abu Al-Naga: Egypt’s national debt under control
January 14, 2011
Abu Al-Naga: Egypt’s national debt under control
International Cooperation Minister Faaiza Abu al-Naga said Egypt’s loan policy has achieved a tremendous lead in the last two decades…
Resentment mounts among workers over delayed annual raises
January 13, 2011
Resentment mounts among workers over delayed annual raises
Abdul Rahman Khair, a workers representative on the National Council for Wages (NCW), has warned of mounting resentment among workers…
Minister: ICT sector sees 12% growth in 2010
January 13, 2011
Minister: ICT sector sees 12% growth in 2010
The information and communication technologies sector grew 12 percent during last year, said Tarek Kamel al-Khamees, Egypt's Minister of Communications…
African Development Bank allocates funds for projects in Egypt
January 12, 2011
African Development Bank allocates funds for projects in Egypt
The African Development Bank has allocated US$1 billion for the finance of infrastructure projects in Egypt in 2011, bank resident…
Egyptian government postpones increase in energy prices
January 12, 2011
Egyptian government postpones increase in energy prices
Informed sources expect the Industrial Development Authority (IDA) pricing committee to postpone the third-phase of energy price raises planned for…
Foreign investor appetite to bolster Egypt in 2011
January 12, 2011
Foreign investor appetite to bolster Egypt in 2011
Investors are likely to pour more funds into Egypt in 2011 as a strengthening economy and attractive yields outweigh a…
Shura Council members call for increasing gasoline prices
January 12, 2011
Shura Council members call for increasing gasoline prices
“Gasoline prices should be raised,” said Magdi Afify, undersecretary of the Shura Council’s transportation committee, at a council meeting on…