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Some economists have expressed fears of an approaching setback to the nation’s economy because of the lack of vision for its management in the future and uncertainty about the situation in the country. Khaled Hanafy, an economics professor and...
Saudi Ambassador to Egypt Ahmed al-Qattan is expected to return to Cairo on Saturday, following a diplomatic crisis over the detention of an Egyptian human rights lawyer in the kingdom, an Egyptian diplomatic source said Wednesday. Saudi diplomatic...
Government officials gave conflicting statements on the security situation at the Salloum land port between Libya and Egypt on Friday. A customs source said that the authorities had lost control over the port, while a security official stressed that...
The Freedom and Justice Party, the political arm of the Muslim Brotherhood, plans to support Advisory Council head Mansour Hassan as Egypt’s next president, sources within the group told Al-Masry Al-Youm on Tuesday. Hassan, who served as an...
The Muslim Brotherhood has tasked Deputy General Guide Khairat al-Shater with preparing what it calls a “renaissance project,” a Brotherhood source has said. The project comprises short-, mid- and long-term visions for Egypt’s...
Egypt and Turkey are considering creating a joint trade route linking the coastal cities of Alexandria and Mersin, said Mostafa Mekkawy, Egypt's commercial representative in Istanbul. Mekkawy, who is visiting Turkey accompanied by a delegation...
The job opportunity rate in Egypt has declined by 47 percent since the beginning of protests in January, due to low investment rates in the Egyptian economy, said Minister of Manpower and Immigration Ahmed Hassan al-Borai in a speech delivered...
A study by global market research company Nielsen has revealed that the Egyptian consumer confidence rate fell from 102 to 92 points in this year’s second quarter, compared to the first quarter. However, the study detected a spirit of optimism...
The Chamber for Mineral Industries has called for a 5 percent tax on imported steel in order to protect local production after the Trade Ministry rejected its earlier request to levy dumping fees on Turkish steel. “The ministry must maintain...
Facing a supply shortage, Mahallah factory owners said they would give the government until Sunday to respond to their demands that Egypt stop exporting raw cotton and cancel export suport for yarn. The owners agreed that if their demands are not...