Business
Energy subsidies will disappear by 2016, says minister
February 26, 2013
Energy subsidies will disappear by 2016, says minister
Minister of Industry and Foreign Trade Hatem Saleh said Tuesday that energy subsidies for industrial firms would disappear over the…
Revised economic plan hikes cigarette, iron, cement, alcohol taxes
February 26, 2013
Revised economic plan hikes cigarette, iron, cement, alcohol taxes
Egypt’s amended economic reform plan will raise taxes on cigarettes, alcohol, iron, cement, carbonated drinks and mobile phone use. It…
Egyptian stock market falls 0.03 %
February 26, 2013
Egyptian stock market falls 0.03 %
The EGX30, the Egyptian Stock Exchange's benchmark index, fell 0.03 percent Tuesday, signaling a possible slowdown since it began reporting…
Bakers threaten strike if govt doesn’t shelve new bread subsidy plan
February 25, 2013
Bakers threaten strike if govt doesn’t shelve new bread subsidy plan
Bakeries across the nation have threatened to shut down if the government doesn't reconsider a new subsidization system for bread…
Ministry seeks tourism boost after Ahmadinejad visit
February 25, 2013
Ministry seeks tourism boost after Ahmadinejad visit
Tourism Minister Hesham Zaazou is heading to Tehran, the government said on Sunday, as Cairo tries to halt sliding visitor…
Minister: IMF loan talks to resume in early March
February 25, 2013
Minister: IMF loan talks to resume in early March
Egypt will resume talks with the International Monetary Fund on financial aid early next month, Investment Minister Osama Saleh said…
Maximum and minimum wage law lacks details, faces obstacles in implementation
February 25, 2013
Maximum and minimum wage law lacks details, faces obstacles in implementation
Early this month, two Nour Party members of the upper house of parliament, the Shura Council, presented a bill that…
Egypt insists food supply secure as wheat imports dive
February 24, 2013
Egypt insists food supply secure as wheat imports dive
Egypt's wheat imports are sharply down this year as it endures economic and political crisis, but state and private buyers…
Brotherhood businessman calls on investors not to abandon Egypt
February 24, 2013
Brotherhood businessman calls on investors not to abandon Egypt
Hassan Malek, a prominent businessman and a member of the Muslim Brotherhood, called on investors to break the state of…