Business
Minimum wage will not be increased, PM says
September 12, 2013
Minimum wage will not be increased, PM says
Prime Minister Hazem al-Beblawy said the Egyptian government will not raise the national minimum wage because the present budget cannot…
Egypt loses LE2bn annually from poor wheat storage
September 12, 2013
Egypt loses LE2bn annually from poor wheat storage
Egypt is losing an annual LE2 billion due to poor handling and storage of wheat, accoridng to Minister of Agriculture…
86 hotels closed in the Red Sea due to tourism recession
September 11, 2013
86 hotels closed in the Red Sea due to tourism recession
Five hotels were shut down in Hurghada, and four others in Marsa Alam and Safaga on Tuesday, bringing the total…
Supply authority imports 235,000 tonnes of wheat
September 11, 2013
Supply authority imports 235,000 tonnes of wheat
General Authority for Supply Commodities (GASC) said on Tuesday it purchased 235,000 tonnes of Russian, Romanian and Ukrainian wheat from…
Stock market gains LE7.7 bn on Tuesday
September 10, 2013
Stock market gains LE7.7 bn on Tuesday
Stock indices rose at the end of Tuesday’s trading, supported by Arab and Egyptian purchases. The main EGX30 index rose by…
Alexandria Chamber of Commerce to launch 8 EU-financed projects
September 10, 2013
Alexandria Chamber of Commerce to launch 8 EU-financed projects
The Alexandria Chamber of Commerce will on Sunday launch eight new projects financed by the European Union worth more than…
CAPMAS: Meat, vegetable prices push inflation up by 0.7%
September 10, 2013
CAPMAS: Meat, vegetable prices push inflation up by 0.7%
Egypt's monthly inflation rate climbed by 0.7 percent in August compared to the previous month, according to the Central Agency…
Dismissed trade union members threaten to file complaint with ILO
September 9, 2013
Dismissed trade union members threaten to file complaint with ILO
Dismissed members of the Egyptian Federation of Trade Unions (EFTU) have threatened to resort to the International Labor Organization (ILO)…
Stock market earns LE4 billion on Monday
September 9, 2013
Stock market earns LE4 billion on Monday
Stock indices rose collectively at the close of Monday’s trading session, supported by intensive purchases from foreign investment companies.
Egypt seeks to raise government investments by 35%: minister
September 9, 2013
Egypt seeks to raise government investments by 35%: minister
Egyptian officials are hoping to increase government investments by 35 percent over the 2013-2014 fiscal year, according to Finance Minister…