Business
Cabinet approves draft state budget
June 22, 2011
Cabinet approves draft state budget
The cabinet on Wednesday approved the draft state budget for the 2011/2012 fiscal year, prior to sending it to the…
Government drafts law criminalizing encroachment on arable land
June 22, 2011
Government drafts law criminalizing encroachment on arable land
The government is in the process of drafting a law that would criminalize building on agricultural land, giving the Agricultural…
Report: Chicken, fish, and rice prices up in May
June 22, 2011
Report: Chicken, fish, and rice prices up in May
Local fresh meat prices increased in May, according to a report by Egypt's Central Agency for Public Mobility and Statistics…
World Bank, IMF offers to Egypt spur debt fears
June 22, 2011
World Bank, IMF offers to Egypt spur debt fears
If Egypt accepts the US$20 billion potentially on offer from international sources, it will be setting itself for up for…
Government allocates LE192 bn to develop 37 slums
June 21, 2011
Government allocates LE192 bn to develop 37 slums
The cabinet's Slum Development Fund has allocated LE192 billion to start developing 37 slums in 17 different governorates this month.…
Report recommends dropping lawsuit demanding land sale reversal
June 21, 2011
Report recommends dropping lawsuit demanding land sale reversal
A governmental body issued a report Tuesday recommending the rejection of legal action seeking to cancel a new contract signed…
Jordan agrees to price-increase for Egyptian gas exports
June 20, 2011
Jordan agrees to price-increase for Egyptian gas exports
Egyptian Petroleum Ministry officials on Monday said negotiations with Jordan succeeded in raising the price of Egyptian gas exports from…
Minister: Egypt tourism to rebound to pre-revolution levels in September
June 20, 2011
Minister: Egypt tourism to rebound to pre-revolution levels in September
The number of tourists visiting Egypt will return to pre-revolution levels in September, Tourism Minister Mounir Fakhri Abdel Nour predicted…
Economic Research Center: Mubarak misappropriated US$185 bn of foreign aid
June 19, 2011
Economic Research Center: Mubarak misappropriated US$185 bn of foreign aid
A recent study by the Economic Research Center said deposed President Hosni Mubarak misappropriated US$185 billion – or 87 percent…
Apache finds oil, gas in Egypt’s Western Desert
June 17, 2011
Apache finds oil, gas in Egypt’s Western Desert
Houston - Apache Corp made five new oil and natural gas discoveries in the Faghur Basin in Egypt's Western Desert,…