Business

Planning Minister: current investors are ‘heroes’

Planning Minister: current investors are ‘heroes’

Planning Minister Ashraf al-Araby said that the social justice file has not achieved any progress since the 25 January revolution,…
CBE ‘pressured’ Qatar to transfer deposit to dollar bonds, sources say

CBE ‘pressured’ Qatar to transfer deposit to dollar bonds, sources say

  The US$ 3 billion deposit Egypt received from Qatar two months ago as part of an aid package has since…
Economic experts discuss changes in new constitution

Economic experts discuss changes in new constitution

It is part and parcel that any changes in Egypt’s constitution will affect businessmen, investors and business in general in…
Ministry of Finance: Total budget deficit at LE239.9bn

Ministry of Finance: Total budget deficit at LE239.9bn

Egypt's total budget deficit hit LE239.9 billion during fiscal year 2012-2013, representing 13.8 percent of the country's GDP, according to…
Stock market indexes rise collectively at end of week

Stock market indexes rise collectively at end of week

Egyptian stock market indexes collectively rose at the end of Thursday's trading session helped by Egyptian and Arab purchases. The stock…
Leftist forces: PM went back on minimum wage promise

Leftist forces: PM went back on minimum wage promise

Leaders of leftist parties have criticized Prime Minister Hazem al-Beblawy for now saying the government would not raise the minimum…
Minimum wage will not be increased, PM says

Minimum wage will not be increased, PM says

Prime Minister Hazem al-Beblawy said the Egyptian government will not raise the national minimum wage because the present budget cannot…
Egypt loses LE2bn annually from poor wheat storage

Egypt loses LE2bn annually from poor wheat storage

Egypt is losing an annual LE2 billion due to poor handling and storage of wheat, accoridng to Minister of Agriculture…
86 hotels closed in the Red Sea due to tourism recession

86 hotels closed in the Red Sea due to tourism recession

Five hotels were shut down in Hurghada, and four others in Marsa Alam and Safaga on Tuesday, bringing the total…
Supply authority imports 235,000 tonnes of wheat

Supply authority imports 235,000 tonnes of wheat

General Authority for Supply Commodities (GASC) said on Tuesday it purchased 235,000 tonnes of Russian, Romanian and Ukrainian wheat from…
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