Business

Brown rot threatens potato exports

Brown rot threatens potato exports

Russia has discovered brown rot in a shipment of potatoes imported from Egypt, threatening to halt trade of the crop…
Stock market slumps on Parliament return

Stock market slumps on Parliament return

The stock market sharply declined Monday morning by 5.5 percent due to random selling by foreign investors over fears of…
Tourism official requests meeting with Morsy

Tourism official requests meeting with Morsy

Elhamy al-Zayat, the head of the Egyptian tourism chamber, has asked for a meeting with President Mohamed Morsy to discuss…
US crop worry to fuel world food prices in July, UN says

US crop worry to fuel world food prices in July, UN says

MILAN — Searing heat in the US Midwest is expected to see global food prices snap three months of declines…
Former finance minister: New budget will not meet growth demands

Former finance minister: New budget will not meet growth demands

  Former Finance Minister Samir Radwan sharply criticized Egypt’s 2012/13 budget, which came into force two days ago. It fails…
Govt raises gas prices for selected industries

Govt raises gas prices for selected industries

The price of gas sold to factories that are not energy intensive has been raised to US$3 per million thermal…
Morsy didn’t consult finance minister over raise, says source

Morsy didn’t consult finance minister over raise, says source

A Finance Ministry official on Tuesday said that President Mohamed Morsy decided to implement a 15 percent social allowance increase…
New budget ‘represents the past,’ says former Finance Minister

New budget ‘represents the past,’ says former Finance Minister

Samir Radwan, the former Finance Minister, said that the current state budget “represents the past” and that it “would not…
Finance Minister: Budget will bear cost of raise in salaries and pensions

Finance Minister: Budget will bear cost of raise in salaries and pensions

Finance Minister Momtaz al-Saeed has said that the state budget will bear the cost of the social allowance for salaries…
New government to approach IMF soon, finance aide says

New government to approach IMF soon, finance aide says

Egypt will approach the International Monetary Fund and other financial institutions to help get its economy back on track once…
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