Business
National Wages Council warns of austerity measures affecting labor market
June 27, 2011
National Wages Council warns of austerity measures affecting labor market
National Wages Council member Abdel Rahman Kheir said on Monday that the austerity measures currently being considered by the government…
Government prepares draft law on Sinai land usage
June 27, 2011
Government prepares draft law on Sinai land usage
The Sinai Development Committee is preparing a draft law to guarantee the best ways to use and manage land in…
Egypt’s military approves budget
June 27, 2011
Egypt’s military approves budget
Egypt’s ruling military council approved the budget for the fiscal year that starts on July 1, state media reported on…
Egyptian to drop Palm Hills, Kingdom cases
June 27, 2011
Egyptian to drop Palm Hills, Kingdom cases
An Egyptian citizen who tried to overturn state land sales to Palm Hills and Saudi firm Kingdom Holding has decided…
US senators push private sector growth in Egypt
June 27, 2011
US senators push private sector growth in Egypt
An improved Egyptian economy is the key to a successful transition to democracy, former US presidential hopefuls John Kerry and…
Egypt pound weakens as government rejects foreign aid
June 26, 2011
Egypt pound weakens as government rejects foreign aid
Egypt's pound weakened to its lowest since mid-April after the government said it had no need for a previously arranged…
IMF to discuss Egypt’s budget amendments
June 25, 2011
IMF to discuss Egypt’s budget amendments
Egypt told the International Monetary Fund (IMF) that it plans to amend the state budget for the new financial year,…
Foreign reserves drop by US$7.2 bn
June 23, 2011
Foreign reserves drop by US$7.2 bn
The Central Bank's May report revealed that Egypt's foreign reserves dropped by US$7.2 billion in ten months, to stand at…
Cabinet approves draft state budget
June 22, 2011
Cabinet approves draft state budget
The cabinet on Wednesday approved the draft state budget for the 2011/2012 fiscal year, prior to sending it to the…
Government drafts law criminalizing encroachment on arable land
June 22, 2011
Government drafts law criminalizing encroachment on arable land
The government is in the process of drafting a law that would criminalize building on agricultural land, giving the Agricultural…