Business
Cabinet approves new law promoting reconciliation
February 20, 2013
Cabinet approves new law promoting reconciliation
The Cabinet approved an amendment Wednesday allowing defense lawyers to plea bargain for clients convicted in absentia as part of…
Housing minister unveils first phase of national development plan
February 20, 2013
Housing minister unveils first phase of national development plan
Housing and Urban Development Minister Tareq Wafiq announced Wednesday that officials had completed the first phase of a national strategic…
Egypt announces fuel price hikes
February 20, 2013
Egypt announces fuel price hikes
Egypt's government announced new fuel prices for many sectors of the economy on Tuesday, which industry sources said were…
GDP grows 2.4% in first half of fiscal year
February 20, 2013
GDP grows 2.4% in first half of fiscal year
Egypt’s economy grew 2.4 percent during the first half of the current fiscal year, according to a Cabinet statement Wednesday.…
Govt struggles to maintain food reserves
February 20, 2013
Govt struggles to maintain food reserves
Egypt has 2.467 million tons of wheat in its reserves, enough to meet local demand for 101 days, the Cabinet…
Authority waiting for tax reform green light
February 19, 2013
Authority waiting for tax reform green light
Egyptian Tax Authority President Mamdouh Omar is waiting for the green light to impose tax increases President Mohamed Morsy suspended…
Cigarette tax raise announced soon, says government source
February 18, 2013
Cigarette tax raise announced soon, says government source
The economic reform program that the government has prepared for the International Monetary Fund to consider for its loan…
Bringing entrepreneurship to the curriculum
February 18, 2013
Bringing entrepreneurship to the curriculum
As an antidote to the country's increasing unemployment problem, one company is working to make entrepreneurship and innovation as important…
Finance Minister: Islamic bonds law to be presented to Cabinet
February 18, 2013
Finance Minister: Islamic bonds law to be presented to Cabinet
The controversial Islamic bonds (sukuk) draft law is expected to be presented to a Cabinet meeting Wednesday after the body's…
Dollars start running out for Egypt’s currency bureaus
February 17, 2013
Dollars start running out for Egypt’s currency bureaus
Egypt's currency bureaus are being overwhelmed by demand for dollars amid a supply fueled by political crisis, the head of…