Latest Business News
New taxes on mobile phone services
New tax includes an EGP 25 tariff on every SIM card sold
Egypt’s credit rating risks further devaluation
By Nasser Youssef Countries such as Egypt, who currently have a B…
EGAS: 18 companies partake in gas importation bid round
Results of the bid round to be announced in the first half…
Lower income, higher prices
Tax reforms signal the instigation of skyrocketing inflation
Price of engine oil doubles
Calls for the Ministry of Petroleum to set price ceilings on oil…
Foreign international reserves dwindle
During the month of December net reserves rose by $705 million
Djoser’s dilemma
Archaeologists are worried that renovations may cause the Djoser pyramid to collapse…
Despite political turmoil Qandil promises 750 thousand jobs in 2012/2013
Says moving forward comes at a "cost"
Trade with Europe under threat
The Union of Egyptian Chambers of Commerce would be holding an emergency…
Cement factories suspend work due to energy shortage
Companies have been unable to import additional natural gas as a result…