Business
Government to double food subsidies
April 22, 2011
Government to double food subsidies
An official source said the government plans to double subsidies of ration card commodities, amounting to LE26 billion this fiscal…
A new chance in Egypt for Islamic finance
April 21, 2011
A new chance in Egypt for Islamic finance
Covered head-to-toe in a black abaya embroidered with red and yellow flowers, Amal Abbas waits for her turn to place…
Jordan expects gas export agreement with Egypt by end of month
April 21, 2011
Jordan expects gas export agreement with Egypt by end of month
Jordanian Minister of Energy and Mineral Resources Khaled Toukan anticipates Jordan and Egypt will reach a new agreement on gas…
Tourism minister: Developers must be serious or lose their land
April 20, 2011
Tourism minister: Developers must be serious or lose their land
Minister of Tourism Mounir Fakhry Abdel Nour has warned investors in land intended for tourism-related purposes that their land will…
Poor outlook for Egyptian banks could affect foreign lending
April 20, 2011
Poor outlook for Egyptian banks could affect foreign lending
Egypt could face difficulties in obtaining foreign loans, warned banking experts, after Moody's revised its outlook on Egypt's banking system…
Second round of negotiations resolves Toshka land issue
April 20, 2011
Second round of negotiations resolves Toshka land issue
The Ministry of Agriculture and the Kingdom Agricultural Development Co. have reached a settlement on the controversial Toshka land deal…
Egypts suffers decline in meat and poultry imports
April 19, 2011
Egypts suffers decline in meat and poultry imports
Egypt experienced a significant decline in the import of meat and poultry during the month of March, said Egyptian importers…
Saudi plans US$7 bln Egypt housing project
April 18, 2011
Saudi plans US$7 bln Egypt housing project
A Saudi developer offered to invest up to US$7 billion to build some 200,000 residential units for low and middle…
Egypt’s stocks extend decline amid corruption probe
April 18, 2011
Egypt’s stocks extend decline amid corruption probe
Egypt's benchmark stock index tumbled over 3 percent on Monday, pulling the market lower for a second consecutive day as…
Public business sector to cut funding to companies
April 18, 2011
Public business sector to cut funding to companies
Restructuring funds tend not to be injected into public businesses, the supervisor of Egypt’s public businesses sector said. However, supervisor…