industry

Report: Egypt’s computer hardware sales increase 10.8% to LE7.5 bn in 2014
Business

Report: Egypt’s computer hardware sales increase 10.8% to LE7.5 bn in 2014

Egypt's computer hardware sales increased by 10.8 percent to LE7.467 billion (US$1.04 billion) in 2014 from LE6.737 billion in 2013,…
Abu Dhabi bank chief says Egypt must develop base of economy
Business

Abu Dhabi bank chief says Egypt must develop base of economy

In order to reach its potential, Egypt must first develop the base of its economy, which currently lacks raw materials…
Businessmen organizations frown upon minimum wage decision
Business

Businessmen organizations frown upon minimum wage decision

Businessmen organizations said that the decision to implement the minimum wage came as a surprise and that the current economic…
Industry Ministry: LE1 bn for SMEs in Upper Egypt and Sinai
Business

Industry Ministry: LE1 bn for SMEs in Upper Egypt and Sinai

The government has agreed with the Social Fund for Development to secure nearly LE1 billion to finance small- and medium-sized…
Energy subsidies will disappear by 2016, says minister
Business

Energy subsidies will disappear by 2016, says minister

Minister of Industry and Foreign Trade Hatem Saleh said Tuesday that energy subsidies for industrial firms would disappear over the…
Parliament approves in principle amendments on law fighting monopolies
Egypt

Parliament approves in principle amendments on law fighting monopolies

The People’s Assembly Economic Affairs Committee has approved in principle an amendment to the law on protecting competition and banning…
Govt report: Growth of GDP, construction sector revitalize economy
Business

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…
Plan to save economy underway, says cabinet
Business

Plan to save economy underway, says cabinet

The cabinet is implementing a quick and comprehensive plan to revamp the economy and tame the budget deficit, the foreign…
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