Business
Government to reduce spending in bid to offset budget deficit
December 19, 2011
Government to reduce spending in bid to offset budget deficit
A Finance Ministry official has said that the government plans to reduce its spending in order to offset the state…
Ganzouri’s cabinet failing public sector companies
December 18, 2011
Ganzouri’s cabinet failing public sector companies
Egypt’s 150 public sector companies are suffering from a lack of clear leadership at the ministerial level, according to senior…
Govt official blames canceled tourist reservations on Qasr al-Aini clashes
December 18, 2011
Govt official blames canceled tourist reservations on Qasr al-Aini clashes
Hesham Zaazou, deputy tourism minister, on Sunday warned that tourism in Egypt could be negatively affected by recent violent incidents,…
Govt imposes fines instead of removing illegal resorts
December 18, 2011
Govt imposes fines instead of removing illegal resorts
The cabinet decided not to proceed with the demolition of tourist resorts built on plots of land legally allocated to…
Egyptian court annuls privatization of state-owned company
December 18, 2011
Egyptian court annuls privatization of state-owned company
An Egyptian court on Saturday annulled the sale of nearly 50 percent of the shares of Nile Cotton Ginning Company,…
Shops lower prices for ‘Buy Egypt’ day, but benefits are doubted
December 18, 2011
Shops lower prices for ‘Buy Egypt’ day, but benefits are doubted
In an attempt to spur the local economy from within, 16 December was dubbed “Buy Egyptian Day” by various business…
Egypt: Uncertainty is bad for business
December 15, 2011
Egypt: Uncertainty is bad for business
In the tense aftermath of the January 25 revolution and amid the ongoing violence of the Arab Spring, the economic…
Stock Exchange employees postpone planned strike action
December 13, 2011
Stock Exchange employees postpone planned strike action
Employees of the Egyptian Stock Exchange have postponed a strike slated for Thursday until after they have met with the…
EgyptAir owes Petroleum Ministry LE1 billion, says minister
December 13, 2011
EgyptAir owes Petroleum Ministry LE1 billion, says minister
EgyptAir owes the Petroleum Ministry some LE1 billion, Civil Aviation Minister Hussein Massoud said at a press conference on Tuesday.…
Investment in Egypt risky, says EU Commission official
December 13, 2011
Investment in Egypt risky, says EU Commission official
European experts have warned of investment risks in Egypt, as the economy has been hit by numerous labor and political…