Business

A new loaf: Will Egypt tighten bread subsidies?

A new loaf: Will Egypt tighten bread subsidies?

At the dead end of a winding side street in the central Cairo neighborhood of Sayeda Zeinab, Ashraf al-Husseini sat…
Agriculture Ministry imports meat for Eid

Agriculture Ministry imports meat for Eid

Egypt has imported 36,000 cattle and 30,000 camels from countries as diverse as Sudan, Brazil, Croatia and Australia in preparation…
In call center industry, obstacles and potential

In call center industry, obstacles and potential

The call center industry was one of the trademarks of Egypt's development strategy throughout the 2000s. Experts pointed to it…
France Telecom buys service contract from Egyptian partner

France Telecom buys service contract from Egyptian partner

France Telecom will pay Egyptian partner Orascom Telecom Media and Technology (OTMT) 110 million euros (US$142.30 million) for taking over…
Government pursues ways to increase tax revenue

Government pursues ways to increase tax revenue

The government will not raise taxes but will instead rely on foreign investment to remedy the country’s cash flow problem,…
EFG Hermes gets go-ahead for Qatar deal

EFG Hermes gets go-ahead for Qatar deal

Egypt’s regulator has no objections to EFG Hermes’ plan to create a jointly owned investment bank with QInvest of Qatar,…
Govt details fuel subsidy rationing

Govt details fuel subsidy rationing

  Egypt's government plans to cut energy subsidies by setting a universal limit on how much cheap fuel and cooking…
Senior Iranian diplomat plays down trade agreements, highlights industry-specific assistance

Senior Iranian diplomat plays down trade agreements, highlights industry-specific assistance

Hassan Kazemi, Iran’s assistant foreign minister for economic affairs, said that his country is open to a free trade zone…
In sukkuk, govt sees a solution to economic crisis

In sukkuk, govt sees a solution to economic crisis

  Prime Minister Hashem Qandil announced last month his government’s intention to issue one or two rounds of sukuk, a…
Antiquated rental law distorts housing market

Antiquated rental law distorts housing market

In the upscale neighborhood of Abbas al-Akkad in Nasr City, Amr Hegazy owns a five-story building surrounded by prominent restaurants. Passing…
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