Latest Business News
Developer sues Industrial Development Authority
IDG claims that the authority has imposed unjustified fines
Unexplained upturn in the market
EGX 30 moved up 213 points to close the session at 5,052…
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"