Business
Antitrust fine to be increased to 10% of violating products
May 30, 2011
Antitrust fine to be increased to 10% of violating products
The Ministry of Trade and Industry has submitted a proposal to the cabinet that the antitrust fine be increased to…
Government prepares plan to restructure wages
May 30, 2011
Government prepares plan to restructure wages
Egypt's Ministry of Finance has finished the necessary groundwork for restructuring wages and raising the minimum wage of state employees,…
Report: Average Egyptian smoker spends LE110 a month on smoking
May 30, 2011
Report: Average Egyptian smoker spends LE110 a month on smoking
The average monthly expenditure of a cigarette smoker in Egypt is LE110, according to an Egyptian government report released Monday.…
Iraq to begin payment of ‘yellow remittances’ in July
May 30, 2011
Iraq to begin payment of ‘yellow remittances’ in July
Iraq in July will begin paying its "yellow remittances," money owed by Iraq to Egyptian workers who fled the country…
US partners in gas-to-Israel deal threaten arbitration
May 29, 2011
US partners in gas-to-Israel deal threaten arbitration
Two companies holding shares in the East Mediterranean Gas Company (EMG), which is responsible for natural gas exports to Israel,…
Minister: Special offer for Egyptian citizens to encourage domestic tourism
May 29, 2011
Minister: Special offer for Egyptian citizens to encourage domestic tourism
Egyptian Minister of Tourism Mounir Fakhry Abdel Nour said on Saturday that a program to encourage domestic tourism will be…
Expert: Egypt’s market will remain strong
May 28, 2011
Expert: Egypt’s market will remain strong
Goldman Sachs, a global investment banking and securities firm, said it is optimistic about the future of the Egyptian stock…
IMF sees $160 billion in Middle East financing needs
May 27, 2011
IMF sees $160 billion in Middle East financing needs
Washington/Deauville - The external financing needs of oil-importing countries in the Middle East and North Africa will exceed US$160 billion…
Egypt to form free trade zone with Africa
May 27, 2011
Egypt to form free trade zone with Africa
Egypt’s economic policies will soon gear more toward African markets and Nile Basin countries, experts said. “The prime minister said…
Economists praise increases in commodity subsidies
May 26, 2011
Economists praise increases in commodity subsidies
Economic experts have praised the prime minister’s decision to increase subsidies of strategic commodities from LE90 billion to LE115 billion…