Business
Ezz Steel 2011 net profit falls 20%
April 10, 2012
Ezz Steel 2011 net profit falls 20%
Egypt's largest steel producer, Ezz Steel, said on Tuesday its 2011 net profit declined 20 percent from a year earlier.…
Finance minister: Tax proceeds rise by 10%
April 9, 2012
Finance minister: Tax proceeds rise by 10%
Tax proceeds totaled LE115.4 billion from July 2011 to March 2012, Finance Minister Momtaz al-Saeed has said, adding that the…
Govt report: Growth of GDP, construction sector revitalize economy
April 8, 2012
Govt report: Growth of GDP, construction sector revitalize economy
The Egyptian economy partially recovered in the second quarter of the fiscal year 2011/2012, from October to December, according to…
Supply minister negotiating US$1 bn loan for wheat, petroleum products
April 8, 2012
Supply minister negotiating US$1 bn loan for wheat, petroleum products
Egypt is currently negotiating with the Saudi Arabia-based Islamic Development Bank over a US$1 billion loan for wheat and petroleum…
Tourism officials worry about hotel occupancy, decline in tourism sector
April 6, 2012
Tourism officials worry about hotel occupancy, decline in tourism sector
Experts and officials warned of the collapse of the tourism sector, in spite of the recovery the sector has witnessed…
Trade minister: Rice smuggling attempts will be dealt with firmly
April 5, 2012
Trade minister: Rice smuggling attempts will be dealt with firmly
The Trade Ministry in coordination with the Finance Ministry will firmly deal with any attempts to smuggle rice out of…
Gulf pledges of financial help late, shrouded in secrecy
April 4, 2012
Gulf pledges of financial help late, shrouded in secrecy
Over a year ago, Gulf leaders pledged loan, grant and investment packages to rescue Egypt from financial disaster during its…
Industry minister meets with EU ambassador over economic ties
April 4, 2012
Industry minister meets with EU ambassador over economic ties
The ndustry and foreign trade minister on Wednesday highlighted the necessity of turning European Union-proposed initiatives into projects that positively…
World Bank to allocate US$250 million for Cairo transport
April 3, 2012
World Bank to allocate US$250 million for Cairo transport
The World Bank agreed to loan Egypt US$250 million to be allocated to improving public transportation and traffic in Cairo…
Draft law regulating domestic trade presented to cabinet
April 3, 2012
Draft law regulating domestic trade presented to cabinet
Sources with the Social Solidarity and Domestic Trade Ministry said that the ministry has submitted a draft law for regulating…