Business
Authority waiting for tax reform green light
February 19, 2013
Authority waiting for tax reform green light
Egyptian Tax Authority President Mamdouh Omar is waiting for the green light to impose tax increases President Mohamed Morsy suspended…
Cigarette tax raise announced soon, says government source
February 18, 2013
Cigarette tax raise announced soon, says government source
The economic reform program that the government has prepared for the International Monetary Fund to consider for its loan…
Bringing entrepreneurship to the curriculum
February 18, 2013
Bringing entrepreneurship to the curriculum
As an antidote to the country's increasing unemployment problem, one company is working to make entrepreneurship and innovation as important…
Finance Minister: Islamic bonds law to be presented to Cabinet
February 18, 2013
Finance Minister: Islamic bonds law to be presented to Cabinet
The controversial Islamic bonds (sukuk) draft law is expected to be presented to a Cabinet meeting Wednesday after the body's…
Dollars start running out for Egypt’s currency bureaus
February 17, 2013
Dollars start running out for Egypt’s currency bureaus
Egypt's currency bureaus are being overwhelmed by demand for dollars amid a supply fueled by political crisis, the head of…
Unemployment rate rises to 13 percent
February 16, 2013
Unemployment rate rises to 13 percent
The unemployment rate in Egypt during the last quarter of 2012 rose to 13 percent from 12.5 percent during the…
Official: Funds allocated to diesel subsidies have run out
February 15, 2013
Official: Funds allocated to diesel subsidies have run out
The Finance Ministry has said that funds allocated by the government for diesel fuel subsidies have run out for the…
Samsung leads smartphone market
February 14, 2013
Samsung leads smartphone market
South Korean electronics giant Samsung has cornered 50 percent of the smart phone market, an increase of more than 30 percent…
Stock market loses LE500 million on Thursday
February 14, 2013
Stock market loses LE500 million on Thursday
After a shaky day for the market, stock indexes closed with a LE500 million loss on Thursday. The main index…