Business

National Wages Council warns of austerity measures affecting labor market

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

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

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

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

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

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

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

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

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

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…
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