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Abu Al-Naga: Egypt’s national debt under control

Abu Al-Naga: Egypt’s national debt under control

International Cooperation Minister Faaiza Abu al-Naga said Egypt’s loan policy has achieved a tremendous lead in the last two decades…
Resentment mounts among workers over delayed annual raises

Resentment mounts among workers over delayed annual raises

Abdul Rahman Khair, a workers representative on the National Council for Wages (NCW), has warned of mounting resentment among workers…
Minister: ICT sector sees 12% growth in 2010

Minister: ICT sector sees 12% growth in 2010

The information and communication technologies sector grew 12 percent during last year, said Tarek Kamel al-Khamees, Egypt's Minister of Communications…
African Development Bank allocates funds for projects in Egypt

African Development Bank allocates funds for projects in Egypt

The African Development Bank has allocated US$1 billion for the finance of infrastructure projects in Egypt in 2011, bank resident…
Egyptian government postpones increase in energy prices

Egyptian government postpones increase in energy prices

Informed sources expect the Industrial Development Authority (IDA) pricing committee to postpone the third-phase of energy price raises planned for…
Foreign investor appetite to bolster Egypt in 2011

Foreign investor appetite to bolster Egypt in 2011

Investors are likely to pour more funds into Egypt in 2011 as a strengthening economy and attractive yields outweigh a…
Shura Council members call for increasing gasoline prices

Shura Council members call for increasing gasoline prices

“Gasoline prices should be raised,” said Magdi Afify, undersecretary of the Shura Council’s transportation committee, at a council meeting on…
Egypt’s flowers exports worth more than LE150 million in 2010

Egypt’s flowers exports worth more than LE150 million in 2010

During 2010 Egypt exported ornamental plants and cut flowers worth more than LE150 million, an official said on Wednesday.
Egyptian PM appoints new Competition Authority chairman

Egyptian PM appoints new Competition Authority chairman

Prime Minister Ahmed Nazif has appointed Sameh al-Torgoman chairman of Egypt's Competition Authority for a four-year term. Al-Torgoman succeeds Mona…
Unlicensed bazaars cost Egypt an annual LE1 billion in lost revenue

Unlicensed bazaars cost Egypt an annual LE1 billion in lost revenue

Egyptian Chamber of Tourist Commodities Director Mohamed al-Qattan said the government has begun to limit the proliferation of unlicensed bazaars…
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