Business
US OKs Egypt aid despite congressional concerns
March 23, 2012
US OKs Egypt aid despite congressional concerns
WASHINGTON (AP) ― The Obama administration told Congress on Thursday it will waive democracy requirements to release up to US$1.5…
IMF says talks in Egypt were ‘productive’
March 22, 2012
IMF says talks in Egypt were ‘productive’
The International Monetary Fund said Thursday an IMF team had fruitful talks with authorities in Egypt this week that could…
Fluctuating stock market closes on slight rise
March 22, 2012
Fluctuating stock market closes on slight rise
Stock exchange trading fluctuated significantly Thursday due to sales by Egyptian and foreign investors, but stabilized by the end of…
Advocacy group rejects government’s IMF-pleasing reform plan
March 22, 2012
Advocacy group rejects government’s IMF-pleasing reform plan
A coalition of economists, activists and academics are condemning the government’s economic reform plan put forward by the Ministry of…
People’s Assembly to investigate stalled Saudi investments
March 22, 2012
People’s Assembly to investigate stalled Saudi investments
After meeting with Saudi businessmen Wednesday, the People’s Assembly plans to form a committee to investigate stalled Saudi investment projects…
Poultry and fish price hikes follow foot-and-mouth disease epidemic
March 22, 2012
Poultry and fish price hikes follow foot-and-mouth disease epidemic
The current rise in poultry prices is due to the prevalence of infectious bronchitis (IB) in birds, which is killing…
Egypt unlikely to hit 2012 investment target
March 22, 2012
Egypt unlikely to hit 2012 investment target
Egypt is unlikely to lure the foreign investment it hoped for this year as nervous overseas businesses spend small following…
Egypt’s rice export ban only benefits smugglers
March 19, 2012
Egypt’s rice export ban only benefits smugglers
Smugglers in the Middle East are enjoying an unlikely moneyspinner — illegal medium grain rice. Shoppers across the Gulf,…
Parliament calls for incorporation of private funds in state budget
March 19, 2012
Parliament calls for incorporation of private funds in state budget
A report issued on Monday by the People’s Assembly Budget and Planning Committee called for incorporating private funds into the…
Finance Ministry withdraws LE1.3 billion from budget reserve
March 18, 2012
Finance Ministry withdraws LE1.3 billion from budget reserve
The Finance Ministry has decided to increase state budget allocations for the current fiscal year with LE1.3 billion from the…