Business
Irrigation minister: Allocation of LE450 million to solve summer planting problems
June 10, 2011
Irrigation minister: Allocation of LE450 million to solve summer planting problems
Minister of Water Resources and Irrigation Hussein al-Atfy announced the allocation of LE200 million to improve drainage networks and LE250…
American investors do not fear the Brotherhood rising to power
June 10, 2011
American investors do not fear the Brotherhood rising to power
At their meetings with government officials and business associations over the past two days, a number of American investors said…
Land deal gives a boost to Egypt’s property stocks
June 9, 2011
Land deal gives a boost to Egypt’s property stocks
Egyptian real estate stocks will get some support next week after billionaire Prince Alwaleed bin Talal signed a deal with…
Ministry of Finance: State budget was not amended
June 9, 2011
Ministry of Finance: State budget was not amended
Sources at the Ministry of Finance said the Supreme Council of the Armed Forces did not amend any provisions of…
Urban inflation eases to 11.8%
June 9, 2011
Urban inflation eases to 11.8%
Urban consumer inflation in Egypt unexpectedly eased to 11.87 percent in the 12 months to May as food prices fell…
Egypt drops tax plan, no other budget change
June 9, 2011
Egypt drops tax plan, no other budget change
Egypt has dropped plans to levy a tax on share dividends, will not revive it this year and is looking…
US investors urge Egypt to maintain free market policies
June 9, 2011
US investors urge Egypt to maintain free market policies
Investors and the representatives of a number of US companies have said that more American investments in Egypt are contingent…
Egypt’s new budget falls short of hopes
June 8, 2011
Egypt’s new budget falls short of hopes
When Finance Minister Samir Radwan announced earlier this week the interim government’s budget proposals for the coming fiscal year, he…
World Bank projects Egypt’s growth rate to drop to 1%
June 8, 2011
World Bank projects Egypt’s growth rate to drop to 1%
The World Bank released a report on Wednesday that said it expected Egypt’s growth rate to drop to 1 percent…
Natural gas exports to resume on trial basis
June 8, 2011
Natural gas exports to resume on trial basis
The Egyptian Natural Gas Company Gasco (GASCO) on Wednesday resumed operation of the Arish gas pipeline, which is to transmit…