Business
Fact box: Egypt boasted 5.85 million vehicles in 2010
March 6, 2013
Fact box: Egypt boasted 5.85 million vehicles in 2010
A new study issued by the state-run Central Agency for Public Mobilization and Statistics said the country’s total number of…
Financial Authority head: Certificates with sukuk bonds could prevent money laundering
March 5, 2013
Financial Authority head: Certificates with sukuk bonds could prevent money laundering
Ashraf al-Sharqawy, head of the Financial Supervisory Authority, has requested that personal certificates be issued for Islamic sukuk bonds in…
Market falters for second day, loses LE5.2 billion
March 5, 2013
Market falters for second day, loses LE5.2 billion
The main index of the Egyptian stock market fell 2.49 percent Tuesday, the second consecutive day of heavy losses for…
Mobile phone sales tax to rise 5%
March 5, 2013
Mobile phone sales tax to rise 5%
The sales tax on mobile phone use is set to jump to 20 percent up from 15 percent, according to…
Fact box: Almost 500,000 lost their jobs in 2011
March 5, 2013
Fact box: Almost 500,000 lost their jobs in 2011
In March, the Central Agency for Public Mobilization and Statistics published a new book that revealed 483,000 Egyptians had lost…
Qandil expects IMF loan approval soon
March 5, 2013
Qandil expects IMF loan approval soon
The Cabinet issued an official invitation to the International Monetary Fund delegation to resume talks over a US$4.8 billion, according…
Construction sector shrinks as material prices soar
March 4, 2013
Construction sector shrinks as material prices soar
The number of registered contracting and building companies has fallen from 41.000 to 14,000, according to Mohamed Abul Enein,…
Nour Party launches initiative to ‘save’ economy
March 4, 2013
Nour Party launches initiative to ‘save’ economy
The Nour Party announced on Monday the launch of the National Council for Economic Development, as part of a bid…
Iraq to provide Egypt with 4 million barrels of oil per month
March 4, 2013
Iraq to provide Egypt with 4 million barrels of oil per month
Iraq will start supplying Egypt with 4 million barrels of Basra crude oil per month, according to an agreement signed…
Egypt’s fuel shortages demonstrate perfect storm of economic pressures
March 4, 2013
Egypt’s fuel shortages demonstrate perfect storm of economic pressures
Long lines at gas stations and electricity blackouts have become a part of everyday life for most Egyptians in the…