Business - Economy

China's Wen says confident can contain inflation

Central bank of China raised interest rates on Saturday for a second time in just over two months to absorb inflation especially in the real estate sector

New established companies of the week are mainly in the service sector

Newly established companies this week provide the Egyptian labor market with new 2820 job, according to the weekly bulletin of ministry of investment

China invites South Africa to join BRIC

South Africa, 31st largest economy was invited by China to join the biggest four emerging Brazil, Russia, India and China. BRICS will it be?

China to spend $30 billion on water conservation in 2011

About $ 30 billion will be spent by the Chinese government on water and irrigation projects to cultivate more grains, after food prices soared

Egypt govt tightens regulations on organic goods

Minister of Trade and Industry issues decree regulating sales of organic goods

Egyptian pound falls to 5-year low

Weak euro causes the Egyptian pound to fall to its lowest level against the dollar in five years

Egypt faces bird threat

As the dangers of bird flu return with the cold winter, the poultry industry's reaction to viruses and other challenges is investigated

World Bank freezes Ivory Coast loans

Decision by the World Bank is the next step by the international community to force Laurent Gbagbo to step aside

Egypt to tender for wind power plants in 2011

Firms will be invited to tender bids in January to build 1,000 megawatt wind power plants in the Gulf of Suez

Price of oil at its highest since 2008

Cold weather sparks a rise in demand rise to see the price soar

World Bank approves $430m in loans to Egypt

Bank's regional director reveals the details of the deal to Ahram Online

Turkish steel no more a resource for Egyptians

Prices of imported Turkish steel rises, echoing an overall increase in raw materials. Turkish steel reached almost the local prices, with LE4100 ($706.4) per ton

IMF finishes big gold reserve sale, ending era

The IMF completed a gold reserve sale it began a year ago, and the impact on gold prices is limited

Egypt's economy to grow slowly but steadily

Economic growth will be solid over the next two years thanks to growing private investment, but will not reach pre-crisis level

Egypt's wealthiest family loses ground in Arab Business rich list

The Sawiris, Egypt's biggest business family, have declined in rankings on Arab Business magazine's annual list of the Arab world's wealthiest. The Heikel brothers make their first-ever entry

US Fed extends dollar lifeline for central banks

Deal had been due to expire in January that allows central banks to trade in dollar

China raises petrol and diesel prices

Fuel prices rise for a third time this year as inflation increases for fastest rate in 2 years

Turkey offered credit facility by Europe

Sustainable energy projects to benefit from funding

Cabinet think tank says reforms reliant on trust

Director of the Cabinet's think tank tells Al-Ahram Online that the government needs to foster the country's trust for reforms to have any chance

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