Business

Egypt reviews re-start of gas exports to Israel

Egypt reviews re-start of gas exports to Israel

Egypt is reviewing the timetable for resuming gas exports to Israel and wants to negotiate more flexible contracts with foreign…
Egypt’s budget targets poor, introduces capital gains tax

Egypt’s budget targets poor, introduces capital gains tax

Egypt's cabinet approved on Wednesday a budget for the 2011/12 financial year that increases spending by a quarter as the…
Ministry to sell low-cost Sudanese meat

Ministry to sell low-cost Sudanese meat

The Ministry of Agriculture will offer Sudanese meat at the ministry’s outlets in Cairo, Giza and other governorates starting Saturday…
Mobinil mulls compensation for service halt

Mobinil mulls compensation for service halt

Egyptian mobile phone operator Mobinil is weighing compensation for customers due to a five-hour service outage on Wednesday, a company…
Government approves new contract with Talal

Government approves new contract with Talal

The cabinet approved a new contract for Al-Waleed bin Talal’s land in Toshka. The property is owned by the prince’s…
Egypt boosts consumer subsidies in 2011-12 budget

Egypt boosts consumer subsidies in 2011-12 budget

Egypt's annual budget approved by the cabinet on Wednesday foresees a 26 percent increase in subsidies of consumer commodities such…
Non-traditional tourism will help recovery, says minister

Non-traditional tourism will help recovery, says minister

Egyptian Tourism Minister Mounir Fakhri Abdel Nour said on Wednesday that his ministry would adopt non-traditional methods to compensate for…
Egypt plans new 10% capital gains tax

Egypt plans new 10% capital gains tax

Egypt will levy a new capital gains tax on the rich and financial companies, the government said in a statement,…
Finance Ministry raises state employee minimum wage to LE700

Finance Ministry raises state employee minimum wage to LE700

Finance Minister Samir Radwan on Wednesday announced his ministry set a new minimum wage for state employees at LE700.  …
Egypt’s Citadel swings to 2010 loss on writedowns

Egypt’s Citadel swings to 2010 loss on writedowns

Egyptian private equity firm Citadel Capital swung to a net loss last year after it wrote down the value of…
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