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Egypt’s economy back to normal this year, says minister

Egypt’s economy back to normal this year, says minister

The Egyptian economy will return to its normal status this year, Minister of Economic Development Othman Mohamed Othman announced at…
Finance Ministry delays subsidy restructuring

Finance Ministry delays subsidy restructuring

The Egyptian government will postpone its plan to restructure subsidies for principle commodities due to the Ministry of Finance's refusal…
Slapdash min wage raises lead to inflation, PM warns

Slapdash min wage raises lead to inflation, PM warns

At a meeting with the Egyptian Trade Union Federation on Wednesday, Prime Minister Ahmed Nazif said that any increase in…
New taxi program runs into difficulties

New taxi program runs into difficulties

Finance Ministry officials say the ministry's project to encourage Egypt's taxi owners to replace their aging cabs with new automobiles…
Dollar stabilizes against Egyptian pound

Dollar stabilizes against Egyptian pound

The US dollar has stabilized against the Egyptian pound after rising by LE0.10 last month. The selling rate for the…
Survey: Meat consumption falls 21% since February

Survey: Meat consumption falls 21% since February

A recent survey conducted by Cabinet's Information and Decision Support Center revealed that red meat consumption in Egypt had fallen…
Egypt to build oil refinery worth US$2bn

Egypt to build oil refinery worth US$2bn

The Egyptian General Petroleum Corporation (EGPC) has signed a memorandum of understanding with a consortium of Chinese companies to build…
Stock market dips 2.3%

Stock market dips 2.3%

Egypt's main stock index lost 2.3 percent yesterday as a result of intensive selling on the part of foreign and…
Auto industry makes tentative recovery

Auto industry makes tentative recovery

The local automobile market began to pick up in the past few weeks after being badly bruised by the global…
Cabinet releases March economy figures

Cabinet releases March economy figures

In its latest monthly report, Cabinet's Information and Decision Support Center reported a handful of new economic figures.The report notes…
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