Business
Expats in Canada set up investment fund for Egypt projects
June 13, 2011
Expats in Canada set up investment fund for Egypt projects
President of the Canadian Chamber of Commerce Fayez Ezzeddin has announced that the Egyptian community plans to establish a US$1…
LE150 million to develop shantytowns
June 13, 2011
LE150 million to develop shantytowns
Prime Minister Essam Sharaf has endorsed LE150 million to develop 383 shantytowns in 27 different governorates. “We are classifying the…
Banque du Caire negotiates US$2 bn loan for petroleum sector
June 13, 2011
Banque du Caire negotiates US$2 bn loan for petroleum sector
Banque du Caire has started negotiations with Petroleum Export Limited to secure a US$2 billion loan to finance imports of…
Egypt’s economic growth rate drops to -4.2%
June 12, 2011
Egypt’s economic growth rate drops to -4.2%
Planning and International Cooperation Minister Faiza Abul Naga said at a press conference on Sunday that the economic growth rate…
Government mulls exempting Arab tourists from visas
June 12, 2011
Government mulls exempting Arab tourists from visas
The Egyptian government is considering relaxing the visa rules for Arab tourists in order to encourage more visitors to Egypt,…
Leftist groups reject cancellation of capital gains tax
June 12, 2011
Leftist groups reject cancellation of capital gains tax
Left-wing groups on Sunday rejected the finance minister's decision to cancel a tax on capital gains in trading on the…
EgyptAir to resume flights to Iraq after 21-year gap
June 12, 2011
EgyptAir to resume flights to Iraq after 21-year gap
Egypt's national carrier EgyptAir will resume flights to Iraq in mid-July after they were halted following Iraq's invasion of Kuwait…
Govt: Company may review gas prices if supplies to Israel continue
June 12, 2011
Govt: Company may review gas prices if supplies to Israel continue
Negotiations with the East Mediterranean Gas Company (EMG) to review the price of gas exports to Israel will continue until…
Petroleum Minister: Foreign companies committed to investments
June 12, 2011
Petroleum Minister: Foreign companies committed to investments
The majority of foreign companies in the field of oil and natural gas development and exploration are committed to their Egyptian investments,…
Food prices increased over 8 percent last week
June 12, 2011
Food prices increased over 8 percent last week
Last week, the Egyptian market experienced an 8 to 11 percent increase in the price of foodstuffs such as rice,…