Mohamed Haroun

New investors force cement companies to reduce prices
Business

New investors force cement companies to reduce prices

New investors in the cement business, especially Arish Cement, which is owned by the Egyptian armed forces, have forced several…
Negotiations stall surrounding US aid to Egypt
Egypt

Negotiations stall surrounding US aid to Egypt

Ongoing negotiations surrounding President Obama’s recently pledged US$2 billion aid to Egypt suffer from disagreements between Cairo and Washington. While…
Negotiations start over implementation of Obama’s economic aid package
Business

Negotiations start over implementation of Obama’s economic aid package

The Ministry of International Cooperation on Tuesday started negotiations with US officials to implement the decision of US President Barack…
National Wages Council warns of austerity measures affecting labor market
Business

National Wages Council warns of austerity measures affecting labor market

National Wages Council member Abdel Rahman Kheir said on Monday that the austerity measures currently being considered by the government…
Antitrust fine to be increased to 10% of violating products
Business

Antitrust fine to be increased to 10% of violating products

The Ministry of Trade and Industry has submitted a proposal to the cabinet that the antitrust fine be increased to…
Committee begins work of reclaiming illegally acquired land from companies
Business

Committee begins work of reclaiming illegally acquired land from companies

The newly-formed Investment Disputes Settlement Committee (IDSC), chaired by Prime Minister Essam Sharaf, is studying ways of retrieving land acquired…
New procedures to encourage small and medium-size projects
Business

New procedures to encourage small and medium-size projects

Minister of Industry and Foreign Trade Samir Sayyad on Sunday said the ministry is preparing new procedures that aim to…
Corruption rampant within Al-Azhar, says grand sheikh
Egypt

Corruption rampant within Al-Azhar, says grand sheikh

The Grand Sheikh of Al-Azhar Ahmed al-Tayyeb has announced that he will give back the salary he has received since…
Rebar demand declining
Business

Rebar demand declining

Rebar demand in Egypt has declined during the last few days, according to the general manager of the Metallurgical Industries…
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