Business
Tourism official requests meeting with Morsy
July 6, 2012
Tourism official requests meeting with Morsy
Elhamy al-Zayat, the head of the Egyptian tourism chamber, has asked for a meeting with President Mohamed Morsy to discuss…
US crop worry to fuel world food prices in July, UN says
July 5, 2012
US crop worry to fuel world food prices in July, UN says
MILAN — Searing heat in the US Midwest is expected to see global food prices snap three months of declines…
Former finance minister: New budget will not meet growth demands
July 4, 2012
Former finance minister: New budget will not meet growth demands
Former Finance Minister Samir Radwan sharply criticized Egypt’s 2012/13 budget, which came into force two days ago. It fails…
Govt raises gas prices for selected industries
July 4, 2012
Govt raises gas prices for selected industries
The price of gas sold to factories that are not energy intensive has been raised to US$3 per million thermal…
Morsy didn’t consult finance minister over raise, says source
July 3, 2012
Morsy didn’t consult finance minister over raise, says source
A Finance Ministry official on Tuesday said that President Mohamed Morsy decided to implement a 15 percent social allowance increase…
New budget ‘represents the past,’ says former Finance Minister
July 3, 2012
New budget ‘represents the past,’ says former Finance Minister
Samir Radwan, the former Finance Minister, said that the current state budget “represents the past” and that it “would not…
Finance Minister: Budget will bear cost of raise in salaries and pensions
July 2, 2012
Finance Minister: Budget will bear cost of raise in salaries and pensions
Finance Minister Momtaz al-Saeed has said that the state budget will bear the cost of the social allowance for salaries…
New government to approach IMF soon, finance aide says
July 2, 2012
New government to approach IMF soon, finance aide says
Egypt will approach the International Monetary Fund and other financial institutions to help get its economy back on track once…
Benchmark index jumps 4.7 percent after Morsy takes office
July 2, 2012
Benchmark index jumps 4.7 percent after Morsy takes office
The benchmark index jumped 4.7 percent in the first few minutes of trading on Monday after newly elected President Mohamed…
Is the govt covering up the cause of the fuel shortage?
July 1, 2012
Is the govt covering up the cause of the fuel shortage?
Egypt has been in the grips of an on-again, off-again fuel shortage for over a year now, with massive lines…