Sun 29 Apr 2012

Economy news

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28 Apr 2012
50% increase in Egypt-Saudi trade volume in 2012
The amount of trade between Egypt and Saudi Arabia increased during the first quarter of 2012 by 50 percent, compared to the same period in 2012, an Egyptian official has said. Hussein Omran, director of the foreign trade department at...
Yes
<p>Egypt&#39;s President Hosni Mubarak attends a meeting with Iraq&#39;s President Jala Talabani at the Presidential palace, Cairo, 9, 2010. Mubarak, who was ousted in February and who has been detained in a hospital in the Red Sea resort of Sharm al-Sheikh<span style="text-decoration: underline;">,</span> has fallen into a coma, his lawyer said on July 17, 2011.</p>
27 Apr 2012
UN to help Egypt get back stolen funds
The United Nations has offered to help Egypt recover its “smuggled and frozen” overseas funds taken from the country by fleeing former regime officials. The UN said it would help liason with countries that had frozen accounts...
Yes
<p>International Monetary Fund</p>
27 Apr 2012
Parliament committee stipulates Ganzouri cabinet would not use full IMF loan
The People's Assembly Economic Affairs Committee linked its final approval of the IMF loan to assurances that the cabinet of Prime Minister Kamal al-Ganzouri will not be allowed to use the whole sum. The loan would be $US3.2 billion...
Yes
<p>Flames rise over a natural gas pipeline after a blast, Sabil village, near al-Arish , April 27, 2011. In early morning unknown saboteurs blew up a pipeline running through Egypt's North Sinai that supplies gas to Israel and Jordan.</p>
26 Apr 2012
Natural gas pipeline still insured, says official
The insurance policy for the natural gas pipeline built to export Egyptian natural gas to Israel and Jordan will continue despite the cancellation of the export deal with Israel, an official with the Misr Insurance Company said Thursday....
Yes
<p>Crisis of gasoline in Luxor, April 5,2012.</p>
26 Apr 2012
Petroleum Ministry not responsible for butane coupon delays, says source
The Petroleum Ministry is not responsible for the delay in implementing a coupon system for distributing butane gas cylinders, said an official ministry source who requested anonymity. The source said Supply and Domestic Trade Minister...
Yes
<p>A boy rests on empty butane cylinders, waiting to get full one, Luxor, February 21,2012.</p>
25 Apr 2012
Govt postpones butane canisters-for-coupons program
The Cabinet has decided to postpone its coupon-for-canisters project for three weeks to further examine how the project will be implemented. The project has been developed to alleviate the current fuel shortage, and could help the...
Yes
25 Apr 2012
New research identifies factors for upgrading small and medium enterprises
More than 90 percent of all companies in Egypt are micro enterprises, meaning they employ less than five people. At the same time, there is a sizeable gap between these micro and small enterprises and large companies or corporations: a...
Yes
24 Apr 2012
Sukari Gold Mine trial adjourned to May
The Administrative Court on Tuesday postponed to 22 May the consideration of a lawsuit filed by MP Hamdy al-Fakhrany demanding the dissolution of the deal made between the Egyptian state and Centamin Egypt, an Australian mineral...
Yes
Fayza Abul-Naga ,Minister of International Cooperation
23 Apr 2012
International cooperation minister projects foreign reserves to rise next month
Minister of Planning and International Cooperation Fayza Abouelnaga expects foreign reserves to rise next month with the stabilization of political and economic conditions. Speaking to the Shura Council’s Finance and Economic Affairs...
Yes
Headquarters Mobinil in Egypt
23 Apr 2012
Egypt regulator clears France Telecom's Mobinil offer
Egypt's financial market regulator EFSA said on Sunday that France Telecom can go ahead with a tender offer for a stake in mobile operator Mobinil held by local shareholder Orascom Telecom Media and Technology. France Telecom plans to...
Yes

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