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Prices of several food commodities in September were higher than during the same period in 2010, according to a government report released on Sunday. Local bean prices soared by nearly 62.6 percent, to around LE7.90 for one kilo, this...
A new shipping line will conduct operations between Alexandria and the Turkish port of Mercin by December, Egypt's Minister of Industry and Foreign Trade Mahmoud Eissa announced on Thursday. The new trade route will facilitate the transport of...
After years of stalled talks on a potential free trade agreement with Egypt, the US is once again discussing the potential benefits, according to US-Egypt Business Council Executive Director Khush Choksy. An official at Egypt's Trade and...
Egypt went down from number 81 last year to number 94 on the 2011 Global Competitiveness Index, which lists a total of 142 countries The Global Competitiveness Report attributed the fall to an inefficient institutional structure, poor infrastructure...
The cabinet has approved amendments to the antitrust law, granting the government the right to set prices of certain basic commodities for limited periods of time. “The amendments allow the government to implement fair market policies,”...
A survey by the cabinet’s Information and Decision Support Center, published on Sunday, revealed that 58 percent of the sample said they would not vote for a president of a different religion than their own, while 36 percent said they would....
The Ministry of International Cooperation started preparing for a second phase of development and de-mining activities on the northwest coast of Egypt, said Fathy al-Shazly, manager of the project at the Ministry of International Cooperation. Shazly...
There are 3.1 million unemployed people in Egypt, according to a report published by the Central Agency for Public Mobilization and Statistics (CAPMAS). The report revealed that the unemployment rate stood at 11.8 percent in the second quarter of...
The price of 21-carat gold dropped from LE306 to LE300 on the local market on Tuesday, against the backdrop of universally declining world prices. Though sales have been slow recently, traders are expecting people to spend more during the Eid...
Investors have said Egyptian exports would benefit from rebuilding Libya following Qadhafi’s ouster, and projected that the trade balance between the two countries, which currently stands at US$3 billion, would double to US$6 billion. They...