Business
Minister: IMF loan talks to resume in early March
February 25, 2013
Minister: IMF loan talks to resume in early March
Egypt will resume talks with the International Monetary Fund on financial aid early next month, Investment Minister Osama Saleh said…
Maximum and minimum wage law lacks details, faces obstacles in implementation
February 25, 2013
Maximum and minimum wage law lacks details, faces obstacles in implementation
Early this month, two Nour Party members of the upper house of parliament, the Shura Council, presented a bill that…
Egypt insists food supply secure as wheat imports dive
February 24, 2013
Egypt insists food supply secure as wheat imports dive
Egypt's wheat imports are sharply down this year as it endures economic and political crisis, but state and private buyers…
Brotherhood businessman calls on investors not to abandon Egypt
February 24, 2013
Brotherhood businessman calls on investors not to abandon Egypt
Hassan Malek, a prominent businessman and a member of the Muslim Brotherhood, called on investors to break the state of…
Central Bank governor: Foreign reserves recession could abate by March
February 24, 2013
Central Bank governor: Foreign reserves recession could abate by March
The foreign cash reserve recession rate may decline by March, Central Bank of Egypt Governor Hesham Ramez said. The Central…
In reconciling with regime figures, officials opt for quick cash over formal trials
February 23, 2013
In reconciling with regime figures, officials opt for quick cash over formal trials
For months now, officials have been engaging in large-scale reconciliation efforts with members of the former regime accused of corruption,…
Alexandria businessman shuts factories amid dispute with workers
February 21, 2013
Alexandria businessman shuts factories amid dispute with workers
Alexandrian businessman Farag Amr announced Wednesday that he would be shutting down a number of his company's factories that produce…
Cabinet think tank: Consumer confidence up
February 21, 2013
Cabinet think tank: Consumer confidence up
The Cabinet’s think tank released a report Thursday showing consumer confidence is on the rise. According to the Information…
Suez Canal revenues drop 3.6% in first half of fiscal year
February 21, 2013
Suez Canal revenues drop 3.6% in first half of fiscal year
Suez Canal revenues fell 3.6 percent in first half of the current fiscal year versus the same period before, Planning…
EGX stocks rise slightly despite tumultuous market
February 21, 2013
EGX stocks rise slightly despite tumultuous market
The stock exchange saw its value rise slightly by end of trading Thursday, thanks in part to strong buying trends…