Business
Official disputes reports of Gulf aid to Egypt
July 8, 2011
Official disputes reports of Gulf aid to Egypt
An anonymous government official said Egypt has not received the aid packages and loans reportedly agreed upon with Arab countries,…
Official reports: Tahrir clashes less harmful to tourism than sectarian strife
July 6, 2011
Official reports: Tahrir clashes less harmful to tourism than sectarian strife
Official statistics prove that tourism was less affected by the clashes in Tahrir Square than the sectarian violence that took…
Trade Ministry holds emergency meeting over EU ban on Egyptian seeds
July 6, 2011
Trade Ministry holds emergency meeting over EU ban on Egyptian seeds
Officials at Egypt's Ministry of Trade and Industry will convene for an urgent meeting on Wednesday to discuss the consequences…
Egypt to build sugar factories in Sudan
July 6, 2011
Egypt to build sugar factories in Sudan
Egypt will build two sugar factories in Sudan after the two governments approve the mechanism to finance the project, said…
Egypt’s cabinet okays steel licenses to four firms
July 5, 2011
Egypt’s cabinet okays steel licenses to four firms
Egypt's cabinet granted four companies licenses for steel plants in the country, as the government seeks to boost production and…
Egypt’s debt burden spurs Muslim Brotherhood call for austerity
July 5, 2011
Egypt’s debt burden spurs Muslim Brotherhood call for austerity
Egypt’s Muslim Brotherhood is campaigning for September’s parliamentary elections on a platform to trim the country’s budget deficit. The group,…
Minimum wage reduced to LE684 in new state budget
July 4, 2011
Minimum wage reduced to LE684 in new state budget
Field Marshal Mohamed Hussein Tantawy, head of the Supreme Council of the Armed Forces (SCAF), has endorsed the 2011/2012 state…
Egypt to fund budget gap via local market, Arab help
July 4, 2011
Egypt to fund budget gap via local market, Arab help
ABU DHABI--Egypt plans to fund its 134 billion Egyptian pound budget deficit through a combination of local market issuance and…
CBE: June cash reserve losses total US$700mn
July 4, 2011
CBE: June cash reserve losses total US$700mn
Egypt's cash reserve lost US$700 million in June. By the end of the month it was $26.5 billion, compared to…
Pensions expenditure increased by LE9 billion in state budget, says finance minister
July 3, 2011
Pensions expenditure increased by LE9 billion in state budget, says finance minister
Finance Minister Samir Radwan, in a press conference of Sunday, said that the Supreme Council of the Armed Forces approved…