Business
Government mulls regulating cement prices
March 13, 2013
Government mulls regulating cement prices
The government is mulling regulating the price of cement temporarily to promote fairness and curb price fixing.
Stock exchange sees capital market losses worth LE4.3 billion
March 13, 2013
Stock exchange sees capital market losses worth LE4.3 billion
The Egyptian Stock Exchange’s EGX30 index fell 1.61 percent, or 5.17 points, on Wednesday as unrest continues to plague the…
US to export wheat to Egypt
March 13, 2013
US to export wheat to Egypt
The United States Department of Agriculture has approved wheat exports to Egypt under a credit guarantee program, according to Ashraf…
Ministry expectes LE300 bn worth of investments next year
March 12, 2013
Ministry expectes LE300 bn worth of investments next year
Minister of Planning and International Cooperation Ashraf al-Araby said that the volume of governmental and private investments is expected to…
IMF: Emergency loan an option for Egypt
March 11, 2013
IMF: Emergency loan an option for Egypt
The International Monetary Fund said Monday that it could provide an emergency short-term loan to Egypt if needed, as…
Diesel supplies raised to face crisis, says supply ministry spokesperson
March 11, 2013
Diesel supplies raised to face crisis, says supply ministry spokesperson
The Supply and Petroleum Ministries have agreed to raise the daily amount of diesel delivered to the market from 32,000…
Government source says Orascom dispute to end soon, company denies wrongdoing
March 10, 2013
Government source says Orascom dispute to end soon, company denies wrongdoing
The Tax Authority is about to reach a tentative reconciliation with Orascom Construction Industries to end a dispute over the company’s tax…
Minister: Egypt does not need IMF bridging funding
March 10, 2013
Minister: Egypt does not need IMF bridging funding
Egypt does not need bridging financing as offered by the International Monetary Fund to some countries, but rather broad structural…