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Petroleum Minister: Mazut subsidies to end in three years

Petroleum Minister: Mazut subsidies to end in three years

Petroleum and Mineral Resources Minister Osama Kamal said Wednesday that the price of mazut, a fuel commonly used for industrial…
Shura Council passes Saudi loan approved by Brotherhood, rejected by Salafis

Shura Council passes Saudi loan approved by Brotherhood, rejected by Salafis

The Shura Council on Wednesday endorsed the President Mohamed Morsy’s approval of a draft loan agreement with the Saudi Fund…
Cabinet approves new law promoting reconciliation

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

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

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

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

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

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

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

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…
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