Iran’s Ahmadinejad says oil price “unrealistic”
TEHRAN: Iranian President Mahmoud Ahmadinejad said on Monday that crude oil prices were too low due to efforts by some countries to keep it down to help economic recovery, the…
Ansari Exchange makes ties with NBE
Al Ansari Exchange, a provider of worldwide remittance and foreign exchange services, is partnering with the National Bank of Egypt (NBE), to expand its network of correspondent banks and agents…
Jumeirah Group enters Egypt
Jumeirah Group, the Dubai-based luxury hospitality company and member of Dubai Holding, has signed an agreement with Palm Hills Developments (PHD), one of Egypt's premier developers, to manage Jumeirah Gamsha…
Nielsen and McKinsey form joint venture
Nielsen and McKinsey & Company formed a global joint venture last week called NM Incite, the firms said in a joint statement. The venture aims to help “leading companies harness…
Ezz Steel announces increase in steel prices
Ezz Steel said it has increased steel prices by LE 50 per ton ($9 per ton) to reach LE 3,600 ($632 per ton), inclusive of the 8 percent sale tax.…
State-owned land in the spotlight
CAIRO: Several accusations of irregular buying and selling of Egypt’s state-owned land recently led to the issuance of a presidential decree which may be a step towards reforming land use…
Mercosur, Egypt to sign free-trade deal
BUENOS AIRES: Mercosur, a South American trade bloc that groups big agricultural exporters Brazil and Argentina, will sign a free-trade deal with Egypt next week, the Egyptian trade minister said…
Egypt seeks wheat as drought slashes Russian crop
CAIRO/CHICAGO: Egypt's main government wheat buyer issued an international wheat tender on Friday amid a severe drought in the Black Sea region, which has slashed production there and sent global…
NGO calls for probe into death of ‘Madinaty’ judge
CAIRO: An Egyptian NGO is calling for an investigation into a car accident that killed Mamdouh El-Saqqa, a judge who ruled against the government in the Madinaty land sale case.…
Al-Ahly beats Ismaili in African Champions League
CAIRO: Wael Gomaa scored an injury-time goal to help Egyptian club Al-Ahly beat Ismaili 2-1 in the African Champions League. Mohamed Talaat gave Al-Ahly the lead in the 58th minute…
