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Finance minister: Minimum wage rate could have unintended consequences

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

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

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

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

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

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

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

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

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

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…
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