Business
Ministry of Finance: State budget was not amended
June 9, 2011
Ministry of Finance: State budget was not amended
Sources at the Ministry of Finance said the Supreme Council of the Armed Forces did not amend any provisions of…
Urban inflation eases to 11.8%
June 9, 2011
Urban inflation eases to 11.8%
Urban consumer inflation in Egypt unexpectedly eased to 11.87 percent in the 12 months to May as food prices fell…
Egypt drops tax plan, no other budget change
June 9, 2011
Egypt drops tax plan, no other budget change
Egypt has dropped plans to levy a tax on share dividends, will not revive it this year and is looking…
US investors urge Egypt to maintain free market policies
June 9, 2011
US investors urge Egypt to maintain free market policies
Investors and the representatives of a number of US companies have said that more American investments in Egypt are contingent…
Egypt’s new budget falls short of hopes
June 8, 2011
Egypt’s new budget falls short of hopes
When Finance Minister Samir Radwan announced earlier this week the interim government’s budget proposals for the coming fiscal year, he…
World Bank projects Egypt’s growth rate to drop to 1%
June 8, 2011
World Bank projects Egypt’s growth rate to drop to 1%
The World Bank released a report on Wednesday that said it expected Egypt’s growth rate to drop to 1 percent…
Natural gas exports to resume on trial basis
June 8, 2011
Natural gas exports to resume on trial basis
The Egyptian Natural Gas Company Gasco (GASCO) on Wednesday resumed operation of the Arish gas pipeline, which is to transmit…
Egypt’s Suez Canal May revenues up at US$436.6 mln
June 8, 2011
Egypt’s Suez Canal May revenues up at US$436.6 mln
Revenue from Egypt's Suez Canal rose 10.5 percent year-on-year to US$436.6 million in May, and rose 0.5 percent from a…
Egypt woos US investors with national development plans
June 8, 2011
Egypt woos US investors with national development plans
The Egyptian government is set to announce several large-scale projects over the next few weeks that will be implemented as…
Kuwait Energy strikes 2 oil discoveries in Egypt
June 7, 2011
Kuwait Energy strikes 2 oil discoveries in Egypt
Kuwait--Kuwait Energy Company said it struck two new oil discoveries in Egypt's Western Desert, bringing the total to 11. The…