Business

Rights group: Economy’s decline proves failure of Egypt’s govt

Rights group: Economy’s decline proves failure of Egypt’s govt

Decline of Egypt’s economic performance is proof of the government’s failure to provide real solutions to the economic crisis, said…
Foreign Ministry: Egyptian expat remittances up by 39%

Foreign Ministry: Egyptian expat remittances up by 39%

Egyptian expatriates increased the money they sent home to more than US$9.75 billion during financial year 2009-2010, 39 percent more…
Nestle ups Egypt investment in emerging market push

Nestle ups Egypt investment in emerging market push

Nestle, the world's biggest food group, will invest about 1 billion Egyptian pounds in Egypt over the next three years…
Egypt pound stabilizes, traders cite central bank

Egypt pound stabilizes, traders cite central bank

The Egyptian pound stabilized on Tuesday as the central bank apparently acted to support it, after the currency fell to…
EGAS to accept international exploration bids in hopes of averting gas shortfall

EGAS to accept international exploration bids in hopes of averting gas shortfall

The state-run Egyptian Natural Gas Holding Company (EGAS) on Tuesday announced it would accept international bids this year for natural…
Telecom mogul calls on Arab economy summit to support private sector

Telecom mogul calls on Arab economy summit to support private sector

Egyptian business tycoon Naguib Sawiris has called on the Arab Economic Summit, which will kick off on Wednesday in Sharm…
Govt denies plan to impose new taxes to cover cost of subsidized goods

Govt denies plan to impose new taxes to cover cost of subsidized goods

The government has no intention of imposing new taxes to cover this year’s anticipated increase in state subsidized goods and…
Egypt trade minister says wheat stocks adequate

Egypt trade minister says wheat stocks adequate

Sharm el-Sheikh--Egyptian Trade Minister Rachid Mohamed Rachid said on Tuesday that Egypt had adequate wheat stocks and had not changed…
Egypt govt mulls raising workers’ incentives in bid to thwart labor strikes

Egypt govt mulls raising workers’ incentives in bid to thwart labor strikes

The Egyptian government is considering a proposal to increase financial incentives offered to workers, especially those in the public sector,…
Egypt shares post biggest loss since May on Tunisia

Egypt shares post biggest loss since May on Tunisia

Egypt's main index EGX30 posts its biggest decline since May 25, driven down by foreign investors concerned the political chaos…
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