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Latest Business News

Demand on cement has plummeted leading prices downwards during the past months. (AFP PHOTO)

Cement prices jump EGP 50 per tonne

Price per tonne fell to less than EGP 460 during August, and…

October 30, 2012

Vimplelcom plans to give up OTH African units

The Vimpelcom move is reportedly part of a strategy that targets more…

October 30, 2012

Rebel Economy Wrap

Human vs machine, IMF in Cairo, interest payments on Egypt debt

Daily News Egypt

October 31, 2012

Egyptian Stock Exchange. (PHOTO BY MOHAMED OMAR)

EGX30 closes above resistance level

The standard stock exchange index, EGX 30, ended Monday’s session above the…

October 29, 2012

Schneider Electric inaugurates new line for electric panels

Schneider Electric Company has announced a new line of production for Okken…

October 29, 2012

Rebel Economy Wrap

Egypt's oil curse - part 2

Daily News Egypt

October 29, 2012

NBE targets EGP 1.1 billion reduction in bad debts portfolio

Four years ago, bad debts portfolio represented 30 per cent of the…

October 28, 2012

EGPC struggles to stay afloat

The beginning of this fiscal year has seen the EGPC balancing debt…

Daily News Egypt

October 28, 2012

The government is seeking to import approximately 500 million cubic feet of gas daily from Algeria AFP Photo

Egypt imports gas to meet its exportation requirements

Minister of Petroleum, Osama Kamal, refused to comment on the matter

October 29, 2012

Plans to erect first petrochemicals industrial parks

IDA has high hopes for parks and new holding company

October 28, 2012