Business
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…
Minister: Egypt’s nuclear program contingent on parliament approval
September 18, 2013
Minister: Egypt’s nuclear program contingent on parliament approval
The implementation of Egypt’s nuclear program is contingent on the approval of the next parliament, Minister of Electricity Ahmed Imam…
Industry Ministry: LE1 bn for SMEs in Upper Egypt and Sinai
September 18, 2013
Industry Ministry: LE1 bn for SMEs in Upper Egypt and Sinai
The government has agreed with the Social Fund for Development to secure nearly LE1 billion to finance small- and medium-sized…
Russia to provide Egypt with wheat, says official
September 18, 2013
Russia to provide Egypt with wheat, says official
Alaa Qenawy, commercial minister and head of the Egyptian Commercial Representation Bureau in Moscow, said Russia has pledged to meet…
Steel rebar prices jump LE200 per ton
September 17, 2013
Steel rebar prices jump LE200 per ton
Steel dealers at the Chambers of Commerce have said that rebar prices went up by LE200 per ton, while prices…
51.8-percent increase in Egyptian cotton exports
September 17, 2013
51.8-percent increase in Egyptian cotton exports
Egypt's cotton exports have increased about 51.8 percent between March to May, according to the Central Agency for Public Mobilization and…
Major Saudi investor in Egypt dies
September 17, 2013
Major Saudi investor in Egypt dies
Saudi businessman Suleiman Abu Nami, the biggest investor in the Saudi and Egyptian stock exchanges, has died aged 87.Abu Nami…