Business
Subsidies for 95 octane fuel to be lifted soon, says Petroleum Ministry source
October 7, 2012
Subsidies for 95 octane fuel to be lifted soon, says Petroleum Ministry source
Sources at the Petroleum Ministry expect that President Mohamed Morsy would lift subsidies on 95 octane fuel within days. On…
Egypt scraps T-bill sale, seen as bid to keep rates low
October 4, 2012
Egypt scraps T-bill sale, seen as bid to keep rates low
Egypt's Finance Ministry said it had cancelled an auction of LE3.5 billion (US$573.8 million) of treasury bills planned for Wednesday,…
New investment projects to create jobs, reduce unemployment, says minister
October 4, 2012
New investment projects to create jobs, reduce unemployment, says minister
The government has devised a strategic plan aimed at creating new jobs and reducing the unemployment rate, which Minister of…
Chambers of Commerce demand restrictions on street vendors
October 4, 2012
Chambers of Commerce demand restrictions on street vendors
The Federation of Egyptian Chambers of Commerce has called on Prime Minister Hesham Qandil to draft legislation regarding Cairo’s street…
Through special office, government to protect Saudi investors
October 4, 2012
Through special office, government to protect Saudi investors
In what appears to be a last-ditch effort for the government to settle several high-dollar deals domestically instead of paying…
Amid economic downturn, a furniture company finds success
October 4, 2012
Amid economic downturn, a furniture company finds success
The nation may be going through the most severe economic slowdown of the past decade, but some businesses have managed…
Qandil: IMF delegation to visit Egypt in late October
October 3, 2012
Qandil: IMF delegation to visit Egypt in late October
A delegation from the International Monetary Fund will visit Egypt at the end of this month to resume talks over…
Finance minister says budget deficit is LE170 billion
October 3, 2012
Finance minister says budget deficit is LE170 billion
Finance Minister Momtaz al-Saeed said Wednesday that the budget deficit is currently LE170 billion, which is higher than the LE135…
White-taxi drivers demand financial help, decry government program
October 3, 2012
White-taxi drivers demand financial help, decry government program
Amid a slew of recent labor protests, drivers of white taxis blocked a main Cairo traffic artery last week, parking…
Morsy, Erdogan sign US$1 bn loan to offset Egypt’s deficit
September 30, 2012
Morsy, Erdogan sign US$1 bn loan to offset Egypt’s deficit
President Mohamed Morsy and Turkish Prime Minister Recep Tayyip Erdogan signed a US$1 billion loan Sunday, half of the aid…