Business
Planning Minister: current investors are ‘heroes’
September 15, 2013
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
September 15, 2013
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
September 14, 2013
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
September 13, 2013
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
September 12, 2013
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
September 12, 2013
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
September 12, 2013
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
September 12, 2013
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
September 11, 2013
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
September 11, 2013
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…