Business
Germany eases travel ban to Egypt
September 25, 2013
Germany eases travel ban to Egypt
Germany has eased its travel ban to Egypt, advising its citizens to exercise caution when traveling to Egypt, particularly in…
Stock market shares gains LE1.9 billion
September 24, 2013
Stock market shares gains LE1.9 billion
The stock market's benchmark index EGX-30 rose by 0.59 percent reaching 5680.65 points. The small and medium-sized index EGX70 increased…
Stock market hits highest level in seven months
September 23, 2013
Stock market hits highest level in seven months
The Egyptian stock exchange continued to gain at the close of Monday’s trading session, supported by purchases of Egyptian investors…
Wheat stocks to reach three million tonnes by October: source
September 23, 2013
Wheat stocks to reach three million tonnes by October: source
Official sources from Egypt's Agriculture Ministry said wheat stocks now stand at more than 2,562,000 tonnes with the number expected…
Tourism Minister to ask France, Germany to lift travel bans to Egypt
September 23, 2013
Tourism Minister to ask France, Germany to lift travel bans to Egypt
Mahfouz Ali, first deputy tourism minister, said Tourism Minister Hesham Zazou will ask Germany and France to lift travel bans…
Low turnout on food supply despite new school year, commerce chambers say
September 22, 2013
Low turnout on food supply despite new school year, commerce chambers say
Egypt has witnessed a low turnout on food supply in retail chains and cooperatives, despite the beginning of the new…
Finance minister: Minimum wage rate could have unintended consequences
September 21, 2013
Finance minister: Minimum wage rate could have unintended consequences
The new minimum wage increase announced by the Prime Minister Hazem al-Beblawy would require raising taxes and could cause unintended consequences to…
Businessmen organizations frown upon minimum wage decision
September 20, 2013
Businessmen organizations frown upon minimum wage decision
Businessmen organizations said that the decision to implement the minimum wage came as a surprise and that the current economic…
Egypt returns $2 bln to Qatar after talks to securitize it fail
September 19, 2013
Egypt returns $2 bln to Qatar after talks to securitize it fail
Egypt has returned to Qatar US$2 billion that the Gulf state had deposited with Egypt’s central bank, after negotiations to…
PM sets new minimum wage for governmentt employees at LE1200
September 18, 2013
PM sets new minimum wage for governmentt employees at LE1200
Prime Minister Hazem al-Beblawy said that the government has decided to set the minimum wage for government sector workers at…