Business

People’s Assembly to investigate stalled Saudi investments

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

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

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

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

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

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

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

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

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

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…
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