Business
People’s Assembly to investigate stalled Saudi investments
March 22, 2012
People’s Assembly to investigate stalled Saudi investments
After meeting with Saudi businessmen Wednesday, the People’s Assembly plans to form a committee to investigate stalled Saudi investment projects…
Poultry and fish price hikes follow foot-and-mouth disease epidemic
March 22, 2012
Poultry and fish price hikes follow foot-and-mouth disease epidemic
The current rise in poultry prices is due to the prevalence of infectious bronchitis (IB) in birds, which is killing…
Egypt unlikely to hit 2012 investment target
March 22, 2012
Egypt unlikely to hit 2012 investment target
Egypt is unlikely to lure the foreign investment it hoped for this year as nervous overseas businesses spend small following…
Egypt’s rice export ban only benefits smugglers
March 19, 2012
Egypt’s rice export ban only benefits smugglers
Smugglers in the Middle East are enjoying an unlikely moneyspinner — illegal medium grain rice. Shoppers across the Gulf,…
Parliament calls for incorporation of private funds in state budget
March 19, 2012
Parliament calls for incorporation of private funds in state budget
A report issued on Monday by the People’s Assembly Budget and Planning Committee called for incorporating private funds into the…
Finance Ministry withdraws LE1.3 billion from budget reserve
March 18, 2012
Finance Ministry withdraws LE1.3 billion from budget reserve
The Finance Ministry has decided to increase state budget allocations for the current fiscal year with LE1.3 billion from the…
Egyptian stocks fall 2% Sunday
March 18, 2012
Egyptian stocks fall 2% Sunday
The main index in the Egyptian Stock Exchange lost 2 percent on Sunday after the death of Pope Shenouda III…
Egyptian Resorts posts narrower full-year loss
March 18, 2012
Egyptian Resorts posts narrower full-year loss
Real estate company Egyptian Resorts posted a narrower full-year loss, helped by new revenue from its Sawari project on the…
IMF chief: Global economy on recovery path, risks remain
March 18, 2012
IMF chief: Global economy on recovery path, risks remain
BEIJING —The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the…
IMF mission to visit Egypt Monday
March 16, 2012
IMF mission to visit Egypt Monday
An International Monetary Fund mission will begin a four-day visit to Egypt on Monday to meet with government leaders, after…