Ghabbour Auto sees moderate rise in profits in first half of 2012
Ghabbour (GB) Auto’s profits in the first half of 2012 grew by 31.6 percent compared to the same period in 2011, reaching EGP 76.5 million. Revenues rose 23.3 percent to…
Rafah attack forces posponement of food expo
By Enaam Eladawy A planned food industries expo has been postponed indefinitely in the wake of the recent attack near Rafah which saw the border crossing to Gaza closed for…
France heads back into recession
Paris (AFP) — France is headed back into recession for the second time in three years, its central bank warned Wednesday in a setback for the recovery prospects of the…
Foreign currency reserves fall by $1.1 billion
By Asmaa Nabil Last July, foreign currency reserves declined by $1.1 billion, reaching $14.44 billion compared to $15.5 billion at the end of June. The Central Bank of Egypt (CBE)…
Ending the Legacy of Hatred
Egyptians reacted with shock and grief to the news of an armed attack on an Egyptian border post in North Sinai earlier this week. The fact that the attack occurred…
Delegation from the Ministry of Industry to visit Libya next month
Hatem Saleh, Minister of Industry and Foreign Trade, said that he will visit Libya in the first half of September as a part of a delegation that will include a…
On National Mourning and National Division
By Alia Assam The already divided political sphere in Egypt is being further fragmented, just days after the tragic assault on an Egyptian border checkpoint in the Sinai Peninsula, which…
MM Group: Range Rover Evoque will occupy a large share of SUV market
Sami Farid, Marketing Manager of the MM Group for Industry and International Trade, an official Land Lover vendor, said that 52 Range Rover Evoque models have been sold since the…
FJP: PM should implement Sinai development plan
By Moustafa Salah The Freedom and Justice Party (FJP) has called on Prime Minister Hesham Qandil to begin implementing the plan to develop the Sinai before the end of the…
Another emergency plan to overcome power shortages
By Salah El-Manoufy The Ministry of Electricity is currently studying the possibility of implementing a third emergency plan in order to accommodate the high summer loads. Sources within the Ministry said…